The State Bank of Pakistan (SBP) has published the latest mark-to-market (M2M) exchange rates, offering important insights for traders, businesses, and individuals monitoring currency movements.
These rates, gathered from brokerage houses and the Reuters Eikon Terminal, represent the weighted average of closing interbank rates. The focus remains on the US Dollar (USD) and other widely traded currencies such as the Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR).
US Dollar (USD)
- Ready rate: PKR 282.6563
- Previous rate (Aug 2): PKR 282.7186
- Change: Down by PKR 0.0623
The dollar showed a small decline. This could provide slight relief for importers and those sending remittances.
Saudi Riyal (SAR)
- Ready rate: PKR 75.3509
- Change since Aug 2: Down by PKR 0.0146
Rates for SAR have fallen slightly across all terms. This dip could benefit people making travel or remittance payments.
UAE Dirham (AED)
Ready rate: PKR 76.9541
- Change since Aug 2: Down by PKR 0.0170
Like the SAR, the AED has seen a minor decline. It may slightly reduce the cost for transactions involving the UAE.
Kuwaiti Dinar (KWD)
- Ready rate: PKR 924.5595
- Change since Aug 2: Up by PKR 1.1553
The KWD continues to strengthen, increasing its value for trade and overseas financial dealings.
Canadian Dollar (CAD)
- Ready rate: PKR 205.0909
- Change since Aug 2: Up by PKR 1.2930
The Canadian dollar has gained value. This could affect expenses for Pakistani residents and businesses connected to Canada.
Qatari Riyal (QAR)
- Ready rate: PKR 77.5422
- Change since Aug 2: Down by PKR 0.0192
The QAR also declined slightly, providing marginal relief for those handling Qatari remittances or business payments.
Other Key Currencies
Euro (EUR)
- Ready rate: PKR 326.7507
- Change: Up by PKR 4.0557
- 1-Year rate: PKR 348.1473
British Pound (GBP)
- Ready rate: PKR 375.2121
- Change: Up by PKR 2.5324
- 1-Year rate: PKR 392.1801
Swiss Franc (CHF)
- Ready rate: PKR 349.6491
- Change: Up by PKR 3.0740
- 1-Year rate: PKR 380.4418
Australian Dollar (AUD)
- Ready rate: PKR 182.9634
- Change: Up by PKR 1.1753
- 1-Year rate: PKR 192.0256
Singapore Dollar (SGD)
- Ready rate: PKR 219.4963
- Change: Up by PKR 1.7105
- 1-Year rate: PKR 234.7788
These currencies show a clear upward trend, which may be driven by global shifts or stronger economic performance in those regions.
