The State Bank of Pakistan (SBP) has officially released its foreign exchange rates for May 8, 2025, providing a critical reference point for currency conversions used in cross-border financial transactions. These customer exchange rates, derived from the weighted averages of commercial bank quotes, serve as a benchmark for both institutional and retail users engaged in international trade, investment, and remittances.
These rates are not just numerical values—they are vital indicators for Pakistan’s economic engagement with the global financial system. The SBP’s consistent and transparent publication of such data aims to promote a structured, trustworthy environment for currency exchange, helping reduce ambiguity for businesses and individuals alike. By offering these rates publicly, the SBP ensures that market participants have reliable, consistent information to guide international dealings.
As of May 8, 2025, the SBP reported the buying and selling prices for major foreign currencies against the Pakistani Rupee (PKR). The US Dollar (USD), the most traded currency in Pakistan’s foreign exchange market, was listed at PKR 281.2962 for buying and PKR 281.7280 for selling. The Euro (EUR), used widely in European trade, was priced at PKR 317.8978 for buying and PKR 318.3933 for selling. The British Pound (GBP) came in at PKR 374.3258 and PKR 374.9129, respectively.
Among regional and trade-related currencies, the Chinese Yuan (CNY) was recorded at PKR 38.8750 for buying and PKR 38.9266 for selling, a reflection of the growing trade ties between Pakistan and China. The Japanese Yen (JPY), another significant currency in global trade, was quoted at PKR 1.9528 for buying and PKR 1.9557 for selling.
From the Middle Eastern region, the United Arab Emirates Dirham (AED) was set at PKR 76.5908 for buying and PKR 76.7042 for selling. The Saudi Riyal (SAR) stood close behind at PKR 74.9940 and PKR 75.1062. These currencies are particularly important given Pakistan’s strong remittance and trade flows with the Gulf Cooperation Council (GCC) countries.
Other significant global currencies also saw updates in their respective exchange values. The Australian Dollar (AUD) was priced at PKR 180.8884 (buying) and PKR 181.1700 (selling), the Canadian Dollar (CAD) at PKR 203.0512 and PKR 203.3571, and the Swiss Franc (CHF) at PKR 340.6656 and PKR 341.1982.
It is important to note that foreign exchange rates are inherently dynamic, influenced by market demand, monetary policies, and global geopolitical developments. The SBP advises individuals and businesses to verify current rates through official channels or financial institutions when conducting transactions, especially for large volumes or contractual obligations.
The consistent dissemination of these customer rates demonstrates the SBP’s commitment to fostering economic transparency and financial discipline. By enabling informed decision-making and ensuring predictability in international dealings, the central bank continues to strengthen confidence in Pakistan’s financial ecosystem.
As Pakistan navigates the complexities of global financial integration, the role of the State Bank in guiding foreign exchange policy and practice remains critical. These regular updates not only reflect the central bank’s operational efficiency but also its strategic vision for economic resilience. In a world where financial markets are increasingly interconnected, SBP’s exchange rate disclosures are pivotal to maintaining macroeconomic stability and encouraging sustained foreign investment.