Dollar and Other Currency Rates in Pakistan Today- 06 Feb. 2026
- By Web Desk -
- Feb 06, 2026
Karachi, 06 February 2026 – The Pakistani rupee held its ground in Thursday’s session, with the State Bank of Pakistan (SBP) fixing the USD/PKR mark-to-market currency rate at Rs 279.7120, virtually unchanged from Tuesday’s close, as the pair consolidated near the 279.70 handle.
Priority Currencies – Quick Take
1. US Dollar (USD) – 279.71 (spot)
The single-paisa slip keeps the greenback anchored to the 279.70 level, comfortably within the 279–282 range that has governed trade since October. One-week forwards are quoted at 280.07, implying a negligible 0.13 % carrying cost. Exporters continue to offload positions above 280.20, while petroleum importers accumulate on dips below 279.80.
“Market liquidity remains robust; the currency rate is meandering on technical adjustments rather than any fundamental shift,” noted a senior treasury official.
2. British Pound (GBP) – 379.56 (spot) ⭐
Sterling retreats to 379.56 from yesterday’s elevated levels; one-year forward is 393.85, translating into 3.8 % annualised rupee depreciation. Garment exporters to Birmingham are hedging six-month receivables near 381, maintaining healthy forward premiums.
3. Saudi Riyal (SAR) – 74.59
SAR edges marginally lower to 74.5879; 12-month forward is 76.77, an annualised 2.9 %—still the narrowest spread among principal remittance channels. Exchange houses report consistent foot traffic from pilgrims securing rates ahead of the February Umrah season.
4. UAE Dirham (AED) – 76.16
AED firms slightly to 76.1619; six-month forward is 77.42, implying 3.2 % annualised rupee softness. Gulf salary remittances continue flowing through official banking corridors, keeping the cross-rate stable.
5. Qatari Riyal (QAR) – 76.53
QAR mirrors regional peers at 76.5288; 12-month forward is 79.68, a 4.2 % annualised differential—virtually matching SAR and AED, underscoring uniform Gulf-peg stability.
6. Kuwaiti Dinar (KWD) – 915.29
KWD softens to 915.2881 on the subdued USD leg. Twelve-month forwards at 958.21 equate to 4.7 % annualised PKR weakness—marginally wider than GCC counterparts due to thinner dinar market depth.
7. Australian Dollar (AUD) – 194.78
The “Aussie” retreats to 194.78 as iron-ore eases below $103/t. One-year forward is 200.67, implying 3.0 % annualised rupee depreciation—tracking closely with the SAR curve, affirming commodity-linked volatility.
8. Canadian Dollar (CAD) – 204.42
The “Loonie” holds at 204.42 as WTI crude steadies near $75/bbl. Twelve-month forwards at 214.90 still pencil out to 5.1 % annualised rupee softness, though prairie pulse importers are said to have pre-booked March cargoes, limiting further CAD upside.
Other Major Currencies
Euro opens at 329.77, down 0.4 % on the week following softer Eurozone inflation data; one-year forward is 347.51, translating into 5.4 % annualised rupee weakness. Japanese yen remains the most affordable major at 1.78 per unit, but forwards price 6.3 % annualised PKR decline—the steepest among G-10 pairs. Swiss franc is 359.64; Singapore dollar 219.56; Swedish krona 30.88; Norwegian krone 28.69; Danish krone 44.16; New Zealand dollar 167.24; Chinese yuan 40.30; Turkish lira 6.41; Russian ruble 3.63; Indian rupee 3.08; Bangladeshi taka 2.29—all within familiar ranges and suggesting no event-risk premium ahead of the IMF’s first-quarter 2026 assessment.
Market Context & Outlook
The uniformly compressed forward premiums—scarcely 4–5 % annualised even for the least-liquid crosses—signal to currency desks that both importers and exporters are confident the State Bank retains sufficient firepower to safeguard the rupee through the winter remittance window. Reserves have climbed to $21.26 billion, while the real effective exchange rate (REER) eased to 98.2 in November, a threshold the IMF deems “competitive yet not undervalued.” Barring an oil spike above $90 or political turbulence derailing the Fund programme, dealers anticipate the USD currency rate will stay tethered to the 278–282 zone for Q1 2026, pulling the broader currency matrix along in its wake.