Dollar and Other Currency Rates in Pakistan Today- May 07, 2026
- By Anjum Wahab -
- May 07, 2026
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ResizeKarachi, May 07, 2026 – The State Bank of Pakistan (SBP) has unveiled its latest Mark-to-Market (M2M) currency rates for authorized dealers, delivering updated reference rates for foreign currency transactions against the Pakistani Rupee (PKR).
Below is a thorough examination of today’s critical currency rates for traders, importers, exporters, and remittance senders.
US Dollar (USD) at PKR 278.71
The US Dollar, Pakistan’s most heavily traded foreign currency, is positioned at PKR 278.71 (ready rate) for same-day settlements in today’s SBP announcement. The greenback exhibits moderate forward premiums across various tenors, with the 1-year rate estimated at PKR 290.85, indicating prudent market expectations of rupee depreciation in the months ahead. The USD/PKR rate continues to function as the primary benchmark for international trade, remittance receipts, and foreign debt obligations.
What this means for you: For every $100, you’ll require PKR 27,871 for same-day transactions. This rate influences everything from imported electronics and fuel costs to overseas education and healthcare expenses.
British Pound (GBP) Trades at PKR 379.64
Sterling maintains a considerable premium against the rupee, with the British Pound quoted at PKR 379.64 for ready transactions. The GBP/PKR pair demonstrates consistent upward momentum in forward markets, reaching PKR 394.51 for 1-year contracts. Remittances destined for the UK and bilateral trade activities remain highly sensitive to this rate, especially for Pakistani expatriates and importers of British merchandise and services.
Quick conversion: £100 equals approximately PKR 37,964 at today’s ready rate—helpful for planning tuition fees or family remittances.
Kuwaiti Dinar (KWD) Leads at PKR 910.27
The Kuwaiti Dinar continues as the highest-valued currency against the PKR in today’s report, trading at PKR 910.27 on a ready basis. As a crucial currency for Pakistani workers in the Gulf Cooperation Council region, the KWD/PKR rate directly affects remittance inflows from Kuwait. Forward rates suggest gradual appreciation expectations, with the 1-year rate at PKR 956.12, indicating sustained demand for Gulf currencies.
Remittance insight: Every 1,000 KWD remitted home equals approximately PKR 910,270 for Pakistani households—making well-timed transfers essential for maximizing value.
Qatari Riyal (QAR) at PKR 76.46
The Qatari Riyal is quoted at PKR 76.46 for same-day settlements. With a substantial Pakistani workforce in Qatar’s energy, construction, and services sectors, this rate is closely monitored for remittance calculations and cross-border commerce. The QAR exhibits stable forward pricing, with the 12-month rate at PKR 79.40, reflecting contained volatility expectations in the Gulf currency basket.
Bahraini Dinar (BHD) Firm at PKR 738.50
The Bahraini Dinar remains robust at PKR 738.50 in ready transactions. As another vital Gulf currency for Pakistani expatriates, the BHD/PKR rate impacts cross-border money transfers and trade settlements with Bahrain. Forward curves suggest measured appreciation, with the 1-year rate projected at PKR 767.90, consistent with broader regional currency trends.
Canadian Dollar (CAD) at PKR 204.50
The Canadian Dollar is trading at PKR 204.50 for ready value. With expanding educational, immigration, and commercial ties between Pakistan and Canada, the CAD/PKR rate is increasingly significant for students, families, and SMEs involved in cross-border commerce. Forward rates indicate moderate upward pressure, with the 1-year contract at PKR 216.11.
Student alert: Canadian tuition fees of CAD 20,000 would require approximately PKR 4.09 million at current rates—plan your foreign exchange requirements accordingly.
Other Currencies in Focus
Beyond the priority currencies, numerous other major and regional currencies are actively quoted in Pakistan’s foreign exchange market today. The Euro (EUR) stands at PKR 327.91, while the Japanese Yen (JPY) is at PKR 1.78. Gulf currencies include the UAE Dirham (AED) at PKR 75.88, Saudi Riyal (SAR) at PKR 74.30, and Omani Rial (OMR) at PKR 723.86. Asian counterparts feature the Chinese Yuan (CNY) at PKR 40.97, Malaysian Ringgit (MYR) at PKR 71.29, Indian Rupee (INR) at PKR 2.95, Sri Lankan Rupee (LKR) at PKR 0.86, and Bangladeshi Taka (BDT) at PKR 2.27. Other notable rates include the Australian Dollar (AUD) at PKR 202.38, Swiss Franc (CHF) at PKR 358.30, Singapore Dollar (SGD) at PKR 220.16, New Zealand Dollar (NZD) at PKR 166.52, and South African Rand (ZAR) at PKR 17.07. European currencies include the Swedish Krona (SEK) at PKR 30.25, Norwegian Krone (NOK) at PKR 30.15, and Danish Krone (DKK) at PKR 43.88. Emerging market currencies show the Brazilian Real (BRL) at PKR 56.61, Turkish Lira (TRY) at PKR 6.15, Indonesian Rupiah (IDR) at PKR 0.016, Mexican Peso (MXN) at PKR 16.18, Russian Ruble (RUB) at PKR 3.72, South Korean Won (KRW) at PKR 0.19, and Kazakhstani Tenge (KZT) at PKR 0.60. The Hong Kong Dollar (HKD) is quoted at PKR 35.58, while the Thai Baht (THB) trades at PKR 8.67. The Argentine Peso (ARS) shows limited forward liquidity with a ready rate of PKR 0.20.
Mid-Week Market Analysis: May 07, 2026
Comparing May 07 with May 04, 2026 (previous business day):
- USD/PKR: Marginal depreciation to 278.71 (vs 278.76) – slight rupee strength persists
- GBP/PKR: Modest increase to 379.64 (vs 378.01) – sterling displaying notable strength
- KWD/PKR: Rose to 910.27 (vs 910.09) – Gulf currencies maintaining resilience
- EUR/PKR: Trading at 327.91, up from 326.51 – euro gaining some ground
- CAD/PKR: Increased to 204.50 (vs 204.86) – Canadian dollar showing minor softness
Week-to-Date Performance (May 01-07, 2026):
- USD/PKR: Remained remarkably stable in the 278.70-278.80 range
- GBP/PKR: Demonstrated strength, climbing from 378 to 379+ PKR
- KWD/PKR: Consistently held above 910 PKR, showcasing Gulf currency strength
The Pakistani Rupee commenced the second week of May 2026 with continued stability, extending the pattern observed throughout late April and early May. The USD/PKR pair has exhibited remarkable consistency, hovering around the 278.70 level for several consecutive sessions. This stability reflects balanced interbank liquidity, consistent remittance inflows from overseas Pakistanis, and effective monetary policy management by the State Bank of Pakistan. Market participants are now monitoring upcoming SBP monetary policy decisions, global oil price trends, and international economic developments as we progress through the second quarter of 2026.