The State Bank of Pakistan (SBP) has released the latest Mark-to-Market (M2M) exchange rates for August 26, 2025. These updated figures provide important guidance for traders, investors, and individuals managing financial transactions in Pakistan. The data reflects the weighted average of interbank closing rates, compiled from brokerage houses and Reuters Eikon Terminal.
Dollar Rate in Pakistan Today
The US dollar closed at PKR 281.86 in the interbank market, showing a minor fall of PKR 0.0122 compared to August 25. On the forward side, the one-month rate stood at PKR 283.09, while the six-month was PKR 287.69. In the open market, the dollar hovered near PKR 284. The slight dip may provide short-term relief for importers.
Major Currency Updates
- Saudi Riyal (SAR): Ready rate at PKR 75.11, showing stability with limited change. This benefits remittances and Hajj or Umrah-related costs.
- UAE Dirham (AED): Recorded at PKR 76.73, a minor decline from August 25, offering slight ease for trade and expatriate transfers.
- Kuwaiti Dinar (KWD): Stable at PKR 922.04, ensuring predictability for high-value dealings.
- Canadian Dollar (CAD): Fell to PKR 203.37 from PKR 203.76, making overseas education and trade transactions cheaper.
- Qatari Riyal (QAR): PKR 77.32, showing steady performance for remittance flows.
Other Notable Currencies
- Euro (EUR): Dropped to PKR 327.52 from PKR 329.81.
- British Pound (GBP): Declined to PKR 379.31 from PKR 380.68.
- Swiss Franc (CHF): Down to PKR 349.72 from PKR 351.26.
- Australian Dollar (AUD): Slipped to PKR 182.49 from PKR 182.97.
- Singapore Dollar (SGD): Lower at PKR 218.64 from PKR 219.35.
Market Outlook
Most major currencies recorded small declines against the Pakistani Rupee compared to August 25, signaling short-term PKR strength. This trend may ease the cost of imports and international travel. However, forward rates for six months to one year suggest that the market expects possible rupee weakening in the longer term.
For businesses and individuals, these rates are vital in planning remittances, trade payments, overseas studies, and travel expenses. The SBP’s daily M2M report remains a key tool for authorized dealers and market watchers.
For the previous full list of updated exchange values, check the details of Currency Rates in Pakistan on August 18, 2025.
