Islamabad, January 28, 2025 – The National Bank of Pakistan (NBP) has released its updated foreign exchange rates for major global currencies, providing critical information for businesses, investors, and individuals engaged in currency trading. The newly issued rates, effective immediately, reflect the current buying and selling prices for a range of international currencies in Pakistan.
As part of its regular exchange rate publication, NBP has provided the following ready transaction rates for popular currencies:
For the US Dollar (USD), the bank’s TT (Telegraphic Transfer) Selling rate stands at 279.20 PKR, while the TT Buying rate is slightly lower at 278.70 PKR. This sets the exchange value of the US Dollar against the Pakistani Rupee, which is crucial for international trade and finance operations.
The Euro (EUR) has a selling rate of 290.30 PKR and a buying rate of 289.78 PKR, while the British Pound (GBP) is set at 346.18 PKR for selling and 345.56 PKR for buying. For those dealing in Japanese Yen (JPY), the selling rate is 1.7857 PKR per Yen, and the buying rate stands at 1.7825 PKR.
Other notable currencies include the Swiss Franc (CHF), with a selling rate of 307.29 PKR and a buying rate of 306.74 PKR, and the Canadian Dollar (CAD) at 193.27 PKR for selling and 192.92 PKR for buying. The Australian Dollar (AUD) is priced at 173.94 PKR for selling and 173.63 PKR for buying.
The rates for Scandinavian currencies are also part of the release, with the Swedish Krona (SEK) at 25.42 PKR for selling and 25.37 PKR for buying. The Norwegian Krone (NOK) follows with a selling rate of 24.62 PKR and a buying rate of 24.58 PKR. Similarly, the Danish Krone (DKK) is priced at 38.91 PKR for selling and 38.84 PKR for buying.
Other currencies in the report include the Singapore Dollar (SGD) at 205.68 PKR for selling and 205.31 PKR for buying, the Hong Kong Dollar (HKD) at 35.73 PKR for selling and 35.67 PKR for buying, and the Chinese Yuan (CNY), which has a selling rate of 38.37 PKR and a buying rate of 38.30 PKR.
The Middle Eastern currencies are also a significant part of the update, with the UAE Dirham (AED) set at 76.30 PKR for selling and 76.16 PKR for buying. The Saudi Riyal (SAR) has a selling rate of 74.20 PKR and a buying rate of 74.07 PKR. The Qatari Riyal (QAR) is priced at 76.34 PKR for selling and 76.21 PKR for buying. Additionally, the Kuwaiti Dinar (KWD) continues to hold a high exchange value, with a selling rate of 902.34 PKR and a buying rate of 900.72 PKR.
In addition to the standard exchange rates, NBP also provided conversion rates for frozen foreign currency deposits, with the US Dollar (USD) conversion rate set at 278.7651 PKR for settlement on Thursday, January 30, 2025. The conversion rates for the British Pound (GBP), Euro (EUR), and Japanese Yen (JPY) are also included, indicating rates that will apply to deposits made in these currencies.
It’s important to note that NBP’s exchange rates do not apply to transactions exceeding 5,000 USD or the equivalent in other currencies on a cumulative basis. This limitation aims to regulate large-scale currency exchanges and ensure compliance with international financial standards.
The publication of these rates provides essential insights for individuals and businesses involved in foreign exchange transactions, helping them make informed decisions regarding their international financial dealings. As global currency values fluctuate, these rates serve as a valuable reference point for those engaged in cross-border trade, remittances, and investments.