Karachi, May 15, 2025 – The State Bank of Pakistan (SBP) has officially published the foreign exchange rates for May 15, 2025, providing critical data that underpins the country’s international trade, investment, and remittance activities. These rates, determined by the weighted average of quotes from commercial banks, are a trusted benchmark for currency conversion across the financial sector. They are especially important for businesses, financial institutions, importers, exporters, and individuals conducting cross-border transactions.
The SBP’s release of foreign exchange rates each day serves as more than just a reference chart. It plays a vital role in stabilizing and guiding economic activities tied to global currency movements. The consistency and transparency of these official rates help in forming the basis for fair pricing in international trade and finance, instilling greater confidence among stakeholders in the Pakistani financial ecosystem.
On May 15, 2025, the official SBP rates revealed that the US Dollar is being bought at Rs. 281.3868 and sold at Rs. 281.8187. The British Pound Sterling stands at Rs. 373.7924 for buying and Rs. 374.3681 for selling. The Euro is listed with a buying rate of Rs. 315.3087 and a selling rate of Rs. 315.7863. The UAE Dirham is trading at Rs. 76.6111 and Rs. 76.7216 for buying and selling respectively, while the Saudi Riyal is available at Rs. 75.0202 and Rs. 75.1299.
Other significant currencies include the Canadian Dollar, which is being bought at Rs. 201.3446 and sold at Rs. 201.6526, and the Australian Dollar at Rs. 181.0068 and Rs. 181.2846. The Chinese Yuan is set at Rs. 39.0322 for buying and Rs. 39.0831 for selling. The Japanese Yen, often a closely watched currency due to its importance in regional trade, is priced at Rs. 1.9286 for buying and Rs. 1.9315 for selling. The Swiss Franc stands at Rs. 335.4050 and Rs. 335.9504 for buying and selling respectively.
It is crucial to note that these figures are subject to fluctuation based on macroeconomic indicators, market sentiment, international capital flows, and geopolitical developments. Therefore, it is recommended that all stakeholders verify the latest figures directly from the SBP or through their respective financial institutions before proceeding with any major foreign exchange transactions.
The publication of daily exchange rates by the SBP is a key mechanism to maintain market discipline and support informed financial decision-making. By ensuring that the public and private sectors have access to timely and accurate data, the SBP continues to play a central role in fostering economic resilience and improving Pakistan’s integration with global financial markets.
As Pakistan’s economy becomes increasingly connected with the global economic system, the role of the SBP in setting and disclosing foreign currency benchmarks will remain vital. These updates not only serve as a technical guide for transactions but also reflect the broader health and stability of the country’s economic environment.