Dollar and other Currency Rates in Pakistan Today - August 28, 2025

The State Bank of Pakistan (SBP) has released its latest Mark-to-Market (M2M) currency rates for August 28, 2025, providing critical insights for businesses, investors, and individuals navigating Pakistan’s financial landscape. These rates, compiled from brokerage houses and Reuters Eikon Terminal, reflect the weighted average of closing interbank exchange rates, with a focus on the US Dollar (USD) and key currencies such as the Saudi Riyal (SAR), UAE Dirham (AED), Kuwaiti Dinar (KWD), Canadian Dollar (CAD), and Qatari Riyal (QAR). This article details today’s rates, compares them with those from August 27, 2025.

Latest Pakistan Currency Rates

Key Currency Rates in Pakistan Today

Below are the exchange rates for major currencies against the Pakistani Rupee (PKR) as of August 28, 2025, from SBP’s M2M rates, with comparisons to August 27 rates where available:

• Saudi Riyal (SAR):
  • Ready: 75.0976
  • 1-Month: 75.4094
  • 3-Month: 75.9794
  • 6-Month: 76.5030
  • 1-Year: 78.0406
    The SAR’s rates suggest stability with minor adjustments, potentially maintaining costs for remittances and Hajj/Umrah travel.
• UAE Dirham (AED):
  • Ready: 76.7241
  • 1-Month: 77.0966
  • 3-Month: 77.7775
  • 6-Month: 78.4011
  • 1-Year: 80.2079
    The AED’s rates could keep expenses steady for trade and expatriate transactions.
• Kuwaiti Dinar (KWD):
  • Ready: 922.0728
  • 1-Month: 927.0260
  • 3-Month: 935.6849
  • 6-Month: 943.3531
  • 1-Year: 965.4838
    The KWD’s steady rates may sustain costs for high-value transactions.
• Canadian Dollar (CAD):
  • Ready: 204.4502 (August 27: 203.4939, up by PKR 0.9563)
  • 1-Month: 205.7272 (August 27: 204.7414, up by PKR 0.9858)
  • 3-Month: 208.0711 (August 27: 207.0186, up by PKR 1.0525)
  • 6-Month: 210.2494 (August 27: 209.1454, up by PKR 1.1040)
  • 1-Year: 216.3800 (August 27: 215.3565, up by PKR 1.0235)
    The CAD’s increase could raise costs for Pakistan’s trade and diaspora in Canada.
• Qatari Riyal (QAR):
  • Ready: 77.3040
  • 1-Month: 77.7198
  • 3-Month: 78.4116
  • 6-Month: 79.0246
  • 1-Year: 80.8161
    The QAR’s stable rates may keep expenses steady for Pakistanis working in Qatar.
• US Dollar (USD):
  • Ready: 281.8039 (August 27: 281.8289, down by PKR 0.0250)
  • 1-Month: 283.1508 (August 27: 283.1285, up by PKR 0.0223)
  • 3-Month: 285.5991 (August 27: 285.5005, up by PKR 0.0986)
  • 6-Month: 287.8082 (August 27: 287.6732, up by PKR 0.1350)
  • 1-Year: 294.2988 (August 27: 294.2690, up by PKR 0.0298)
    The USD’s minor decline may offer slight relief for import costs, with open market rates around PKR 284.

Other Notable Currencies

Other major currencies also show changes compared to August 27:

• Euro (EUR): Ready: 327.9493 (August 27: 326.9215, up by PKR 1.0278), with 6-month at 339.8765.
• British Pound (GBP): Ready: 380.2380 (August 27: 379.0035, up by PKR 1.2345), with 6-month at 390.0350.
• Swiss Franc (CHF): Ready: 351.6176 (August 27: 351.2856, up by PKR 0.3320), with 6-month at 368.2483.
• Australian Dollar (AUD): Ready: 183.4684 (August 27: 182.5265, up by PKR 0.9419), with 6-month at 188.6629.
• Singapore Dollar (SGD): Ready: 219.2429, with 6-month at 227.9503.

Analysis and Implications

The mixed trends in exchange rates from August 27 to August 28, with increases in CAD, EUR, GBP, CHF, AUD, and slight stability in SAR, AED, KWD, QAR, suggest varied market dynamics. The minor decline in USD ready rates indicates short-term PKR resilience, potentially lowering costs for imports and travel. Online sources note open market USD buying at PKR 284, higher than SBP’s rate, highlighting ongoing disparities and concerns over currency availability. While short-term gains for the PKR are evident in some currencies, elevated forward rates (6-month to 1-year) for most suggest market expectations of potential PKR weakening in the medium to long term. These M2M rates are crucial for authorized dealers to revalue their books daily, impacting financial reporting, trade pricing, and investment strategies. For individuals, these fluctuations affect remittances, travel budgets, and overseas education costs.

The rates are sourced from the State Bank of Pakistan’s official M2M release