The National Bank of Pakistan (NBP) released its latest exchange rate bulletin on Thursday, showing minor fluctuations in key global currencies against the Pakistani rupee. Below is a breakdown of the day’s trading levels.
Key Takeaways
- The US dollar remains steady, hovering just above PKR 282 in interbank trade.
- The euro and British pound maintain strength, staying well above PKR 328 and PKR 381, respectively.
- Gulf currencies, including the Saudi riyal and UAE dirham, are stable as oil prices hold near recent levels.
Interbank “TT” Transaction Rates
These rates apply to telegraphic transfers and trade settlements:
| Currency | Symbol | Selling (PKR) | Buying (PKR) |
|---|---|---|---|
| US Dollar | USD | 282.20 | 281.70 |
| Euro | EUR | 328.53 | 327.95 |
| Japanese Yen | JPY | 1.9175 | 1.9141 |
| British Pound | GBP | 381.20 | 380.53 |
| Swiss Franc | CHF | 352.13 | 351.51 |
| Canadian Dollar | CAD | 204.81 | 204.45 |
| Australian Dollar | AUD | 183.77 | 183.45 |
| Swedish Krona | SEK | 29.80 | 29.74 |
| Norwegian Krone | NOK | 28.01 | 27.96 |
| Danish Krone | DKK | 44.01 | 43.93 |
| New Zealand Dollar | NZD | 165.44 | 165.15 |
| Singapore Dollar | SGD | 219.52 | 219.13 |
| Hong Kong Dollar | HKD | 36.36 | 36.30 |
| Korean Won | KRW | 0.2035 | 0.2031 |
| Chinese Yuan | CNY | 39.87 | 39.80 |
| Malaysian Ringgit | MYR | 66.77 | 66.65 |
| Thai Baht | THB | 8.71 | 8.70 |
| UAE Dirham | AED | 77.37 | 77.23 |
| Saudi Riyal | SAR | 75.22 | 75.08 |
| Qatari Riyal | QAR | 77.58 | 77.44 |
| Kuwaiti Dinar | KWD | 924.31 | 922.67 |
Cash Exchange Rates
Cash rates typically differ slightly from interbank values due to demand at physical currency counters:
| Currency | Selling (PKR) | Buying (PKR) |
|---|---|---|
| US Dollar | 283.61 | 280.57 |
| British Pound | 383.11 | 378.58 |
| Euro | 330.17 | 326.28 |
| Japanese Yen | 1.9271 | 1.9043 |
| Saudi Riyal | 75.59 | 74.70 |
| UAE Dirham | 77.22 | 76.83 |
Market Context
The rupee’s movement this week reflects a relatively calm currency market, with no major shocks from global commodities or geopolitical tensions. The US dollar’s stability is notable as Pakistan continues to focus on managing its foreign reserves and controlling inflation.
European currencies such as the euro and pound sterling remain firm, reflecting continued strength in Western economies, while the Kuwaiti dinar continues to dominate as the highest-valued currency against the rupee.
