The National Bank of Pakistan (NBP), through its treasury management division, released updated foreign exchange rates on Wednesday, offering a snapshot of current trading values for major global currencies against the Pakistani Rupee. These rates, applicable to ready transactions, provide crucial insight for individuals and businesses dealing in international trade, remittances, and currency conversions.
According to the official statement from NBP, the US Dollar (USD) is being offered at a TT Selling rate of Rs282.05 and a TT Buying rate of Rs281.55. This narrow spread reflects a stable exchange environment for the greenback, a key currency in Pakistan’s import and remittance landscape.
The Euro (EUR) is priced at Rs315.59 for selling and Rs315.03 for buying, while the British Pound (GBP) shows higher valuation figures at Rs375.27 for selling and Rs374.60 for buying. These two currencies, commonly used in European trade and remittance corridors, continue to exhibit strength amid global economic shifts.
Asian currencies also featured prominently in the updated listing. The Japanese Yen (JPY) is trading at Rs1.9169 (selling) and Rs1.9135 (buying), whereas the Chinese Yuan (CNY) stands at Rs39.27 and Rs39.20 respectively. The Hong Kong Dollar (HKD) rates are slightly lower at Rs36.13 for selling and Rs36.06 for buying. The Korean Won (KRW), while much lower in face value, was quoted at Rs0.1992 for selling and Rs0.1989 for buying.
In the Gulf region, rates for the UAE Dirham (AED) were set at Rs77.32 (selling) and Rs77.18 (buying), while the Saudi Riyal (SAR) was posted at Rs75.20 and Rs75.07. The Qatari Riyal (QAR) and Kuwaiti Dinar (KWD) were also included, with QAR at Rs77.57 (selling) and Rs77.44 (buying), and KWD at a high of Rs918.61 for selling and Rs916.98 for buying, making it the most valuable currency listed in the update.
Other noteworthy currency rates include the Swiss Franc (CHF) at Rs336.26 (selling) and Rs335.66 (buying), Canadian Dollar (CAD) at Rs202.57 and Rs202.21, and Australian Dollar (AUD) at Rs182.70 and Rs182.38. The New Zealand Dollar (NZD) was listed at Rs167.67 for selling and Rs167.37 for buying, while the Singapore Dollar (SGD) traded at Rs216.69 and Rs216.31.
For Nordic currencies, the Swedish Krona (SEK) was quoted at Rs29.16 (selling) and Rs29.11 (buying), the Norwegian Krone (NOK) at Rs27.23 and Rs27.18, and the Danish Krone (DKK) at Rs42.30 and Rs42.23 respectively. The Malaysian Ringgit (MYR) came in at Rs65.43 and Rs65.32, and the Thai Baht (THB) was valued at Rs8.47 (selling) and Rs8.45 (buying).
Additionally, NBP also shared conversion rates for frozen foreign currency (FCY) deposits with a settlement date of Friday, 16 May 2025. These are particularly relevant for long-term foreign deposit holders in Pakistan. The USD conversion rate for such deposits was set at Rs281.6456, the GBP at Rs372.082, the Euro at Rs313.0773, and the JPY at Rs1.9046.
It is important to note that these rates are not applicable for transactions exceeding USD 5,000 or equivalent in any other currency, on a cumulative basis. This clause reflects the bank’s adherence to anti-money laundering protocols and foreign exchange regulations while ensuring transparency in its dealings.
NBP’s daily exchange rate updates are a vital tool for traders, travelers, and remittance recipients, helping them stay informed about the value of their foreign currency holdings. In an economy where currency fluctuations can significantly affect import bills, consumer prices, and remittance values, such timely disclosures are essential for informed decision-making.