Pakistan Currency Exchange Rates Today
Live USD, SAR, AED, GBP, EUR to PKR
Currency exchange rates and gold prices are inseparable in Pakistan. Every time the rupee weakens against the US dollar, gold becomes more expensive for Pakistani buyers. Every time the dollar softens globally, Pakistani gold prices ease. This page gives you live exchange rates for all major currencies against the Pakistani Rupee, explains the difference between interbank and open market rates, and shows exactly how today's forex movements are influencing today's gold price.
Whether you are a business importing goods, an overseas Pakistani sending remittances, a traveler converting cash, or a gold investor watching the USD/PKR rate this is your complete currency exchange reference.
Today's currency exchange rates in Pakistan: 1 US Dollar (USD) = 275.80 PKR (open market). 1 Saudi Riyal (SAR) = 73.50 PKR. 1 UAE Dirham (AED) = 75.10 PKR. 1 British Pound (GBP) = 349.20 PKR. 1 Euro (EUR) = 298.40 PKR. Pakistan has two official rate types: the interbank rate (set by the State Bank of Pakistan) and the open market rate (exchange companies and money changers). The open market rate is typically 1-3 PKR higher than interbank. Exchange rates directly control Pakistan gold prices; a weaker rupee means higher gold prices in PKR.
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Pakistan Currency Exchange Rates Table
| Currency | Code | Buying Price (PKR) | Selling Price (PKR) | Spread | Daily Change |
|---|---|---|---|---|---|
| 🇺🇸US Dollar | USD | ₨ 288.50 | ₨ 289.80 | ₨ 1.30 | +0.12% |
| 🇪🇺Euro | EUR | ₨ 312.40 | ₨ 314.10 | ₨ 1.70 | -0.15% |
| 🇬🇧British Pound | GBP | ₨ 366.10 | ₨ 368.50 | ₨ 2.40 | +0.08% |
| 🇸🇦Saudi Riyal | SAR | ₨ 76.60 | ₨ 77.20 | ₨ 0.60 | +0.00% |
| 🇦🇪UAE Dirham | AED | ₨ 78.30 | ₨ 79.00 | ₨ 0.70 | +0.02% |
| 🇨🇦Canadian Dollar | CAD | ₨ 211.80 | ₨ 213.50 | ₨ 1.70 | -0.22% |
| 🇦🇺Australian Dollar | AUD | ₨ 192.50 | ₨ 194.30 | ₨ 1.80 | -0.05% |
| 🇨🇳Chinese Yuan | CNY | ₨ 40.10 | ₨ 40.60 | ₨ 0.50 | +0.18% |
| 🇯🇵Japanese Yen | JPY | ₨ 1.85 | ₨ 1.89 | ₨ 0.04 | -0.42% |
| 🇰🇼Kuwaiti Dinar | KWD | ₨ 933.00 | ₨ 941.00 | ₨ 8.00 | +0.05% |
| 🇴🇲Omani Rial | OMR | ₨ 747.00 | ₨ 753.00 | ₨ 6.00 | +0.01% |
Note on Spreads: The spread is the difference between the buying price (what the dealer pays you) and the selling price (what you pay the dealer). Open market spreads are typically wider than interbank spreads due to the retail handling costs of physical banknotes.
Live Currency Exchange Rates in Pakistan Today
Compare today's retail open-market buying/selling spreads and official interbank exchange rates against the Pakistani Rupee.
Rates sourced from open market exchange companies and State Bank of Pakistan (SBP) interbank data. Updated every hour. Actual rates at money changers may vary by 0.5-1 PKR from the figures above.
Interbank Rate vs Open Market Rate What Is the Difference?
In Pakistan, foreign currencies are traded in two distinct markets, resulting in two separate exchange rates. Understanding the difference between these is vital for anyone exchanging currency, trading, or analyzing the economy:
Interbank Rate (State Bank of Pakistan Rate)
The interbank rate is the official exchange rate set through transactions between commercial banks under the oversight of the State Bank of Pakistan (SBP). This rate is used for:
- Government and corporate foreign exchange transactions
- Import and export invoicing
- Foreign debt repayments
- Central bank currency interventions
- Reference rate for financial reporting
The interbank rate is always slightly lower than the open market rate because it reflects wholesale, large-volume transactions with minimal dealer markup.
Open Market Rate (Exchange Company / Saraf Rate)
The open market rate is what currency exchange companies, money changers (sarrafs), and bank branches offer to individuals. This rate includes the dealer's spread and profit margin. For individuals buying or selling foreign currency:
- Buy Rate: The lower rate what the dealer pays you for your foreign currency
- Sell Rate: The higher rate what you pay the dealer to buy foreign currency
The spread between buy and sell rates is the money changer's profit. A typical spread for USD/PKR is 0.50-1.00 PKR per dollar.
Which Rate Should You Use?
For everyday transactions (sending money abroad, converting travel cash, buying dollars), use the open market rate that is what you'll actually pay. For academic analysis, investment benchmarking, or understanding official policy, use the interbank rate. Our gold price calculations use the interbank rate as the baseline, since gold import pricing is done through interbank channels.
How Currency Exchange Rates Directly Control Gold Prices in Pakistan
This is the most important relationship on this page. Gold is priced globally in US Dollars per troy ounce. Pakistan converts this price to PKR using the USD/PKR exchange rate. The formula is straightforward:
(85.755 converts ounces to tolas: 1 ounce = 31.1g, 1 tola = 11.66g, so 1 oz = 2.666 tolas; divide oz price by 85.755 to get PKR/tola approximation formula varies slightly by source.)
Real-World Impact Examples
This table shows why Pakistan gold buyers must watch both the international gold price AND the USD/PKR rate simultaneously. A rising dollar wipes out the benefit of a stable gold price and vice versa.
USD to PKR Historical Exchange Rate (2015-2026)
Review annual exchange rate shifts alongside gold rate impacts over structural economic milestones in Pakistan.
The 2023 PKR crisis (USD hitting 280+ PKR) caused gold prices in Pakistan to nearly double within 18 months. Understanding this history helps gold buyers appreciate why exchange rate monitoring is non-negotiable.
Top Currency Pairs for Pakistani Expats and Overseas Pakistanis
A detailed breakdown of critical overseas remittance pairs driving the local dollar reserves and gold rate valuation.
The most watched pair in Pakistan. The US dollar is the global reserve currency and sets the benchmark for Pakistani imports, gold prices, petroleum costs, and foreign debt. Overseas Pakistanis in the US (second-largest remittance source) send dollars home. Even a 1-rupee movement in the USD/PKR rate affects gold prices by approximately 1,600-1,800 PKR per tola.
Pakistan has over 2.6 million workers in Saudi Arabia the largest diaspora community. Saudi Riyal remittances make up the single largest slice of Pakistan's $27+ billion annual inflows. The SAR is pegged to the USD at 3.75, so SAR/PKR moves mirror USD/PKR almost exactly. Current rate: 73.50 PKR per riyal.
The UAE hosts approximately 1.7 million Pakistani workers. The dirham is also USD-pegged at 3.67, making AED/PKR another mirror of the dollar's strength. Current rate: 75.10 PKR per dirham. The UAE is Pakistan's second-largest remittance origin.
Over 1.2 million Pakistanis live in the UK. The pound is one of the strongest currencies against PKR and a key route for high-value remittances. The pound is not USD-pegged and fluctuates independently based on UK economic data. Current rate: 349.20 PKR per pound.
Pakistan's trade with Europe and Pakistani workers across the EU make the euro relevant. Germany, Spain, Italy, and France all host significant Pakistani communities. Current rate: 298.40 PKR per euro.
The Kuwaiti dinar is the world's highest-valued currency unit. Pakistan has an estimated 400,000 workers in Kuwait. At 895 PKR per dinar, even small remittances represent substantial rupee amounts. Current rate: 896.00 PKR per dinar.
Pakistan Remittances How Overseas Pakistanis Affect Currency Rates
Pakistan receives over $27 billion in remittances annually, one of the country's largest sources of foreign exchange. These inflows directly support the rupee's value and indirectly affect gold prices.
During peak remittance months (Eid seasons and year-end), the surge in foreign currency inflows can temporarily strengthen the rupee by 1-3 PKR against the dollar, slightly reducing gold prices in PKR terms.
Open Market Exchange Companies in Pakistan
Exchange companies are licensed by the State Bank of Pakistan to conduct forex transactions with the public. They typically offer better rates than banks for cash transactions. Key names include:
Currency Exchange Rates and Your Gold Investment
If you are a gold investor in Pakistan, currency movements should be part of your analysis. Here is a framework:
Rupee Weakness (USD/PKR Rises)
Gold becomes more expensive in PKR. If you already own gold, your holding is worth more in rupees. If you plan to buy, prices are rising, decide quickly or wait for PKR to stabilize.
Rupee Strength (USD/PKR Falls)
Gold becomes cheaper in PKR even if international prices are flat. This is a relative buying opportunity that many Pakistani investors miss.
Monitor SBP Policies
Interest rate changes, forex reserve announcements, and IMF program updates all move the exchange rate within hours.
Track the Current Account
Pakistan's trade deficit means chronic demand for dollars. Months with high imports or low remittances tend to weaken the rupee and push gold prices higher.
Track US Fed Decisions
When the Fed raises US interest rates, the dollar typically strengthens globally. A stronger dollar means more expensive gold in PKR even if international gold prices stay flat.
Frequently Asked Questions Currency Exchange in Pakistan
What is today's dollar rate in Pakistan?
Today's US Dollar rate is 275.80 PKR per dollar (open market sell rate) and 274.50 PKR per dollar (interbank rate). Rates update every hour on this page. The open market rate is what you pay at exchange companies and bank branches.
What is the difference between buying rate and selling rate?
The buying rate is what the exchange company pays YOU when you sell foreign currency to them. The selling rate is what YOU pay to buy foreign currency from them. The selling rate is always higher. The difference (spread) is the dealer's profit, typically 0.50-1.50 PKR for USD.
Why does the dollar rate affect gold prices in Pakistan?
Gold is priced globally in US dollars. To buy gold in Pakistan, rupees must effectively be 'converted' to dollars via the exchange rate. If the rupee weakens (dollar gets more expensive), gold automatically becomes more expensive in PKR, even if international gold prices did not move.
What is the best time to exchange currency in Pakistan?
Exchange rates are most stable mid-week (Tuesday to Thursday) during business hours. Rates tend to be more volatile on Mondays (markets react to weekend global news) and Fridays (pre-weekend position adjustments). Avoid exchanging immediately after major news events (SBP announcements, US Federal Reserve decisions) when spreads widen.
How do I send money from abroad to Pakistan at the best rate?
Compare rates across platforms Wise (TransferWise), Remitly, Western Union, and direct bank transfers all offer different rates. Pakistani expats often find Wise offers rates closest to the mid-market rate with low fees. Always calculate the total (fee + exchange rate) rather than looking at the exchange rate alone.
Does Pakistan have currency exchange controls?
Yes, partially. The State Bank of Pakistan regulates foreign exchange transactions. There are limits on how much cash foreign currency can be carried out of the country (typically $10,000 per person without declaration). Large transfers require documentation. Gold export is also regulated contact SBP for current limits.
Why is the open market rate different from the interbank rate?
The interbank rate is for large institutional transactions between banks. Exchange companies serving individuals add a markup to this rate (their profit margin). The difference between interbank and open market is typically 1-3 PKR for major currencies and represents the dealer's operating costs and profit.