Dollar and Other Currency Rates in Pakistan Today - September 23, 2025
- By Web Desk -
- Sep 23, 2025
The State Bank of Pakistan (SBP) released the latest mark-to-market (M2M) currency rates for major international currencies against the Pakistani Rupee (PKR) on September 23, 2025.
Pakistan Currency Rates Today- Latest Updates
These rates are used by authorized foreign exchange dealers to revalue their books daily. The M2M rate for the US Dollar (USD) is a weighted average of the closing interbank exchange rate from brokerage houses, while other currencies’ rates are derived from USD/PKR data and their respective USD exchange rates quoted on LSEG Workspace.
The US Dollar (USD) held steady at 281.4228 PKR in the spot market, with forward rates indicating a gradual rise, reaching 293.8869 PKR for the one-year tenor. The Saudi Riyal (SAR) stood at 75.0301 PKR for the spot rate, climbing to 77.8601 PKR in one year. Similarly, the United Arab Emirates Dirham (AED) opened at 76.6193 PKR, with its one-year forward rate at 80.0945 PKR. The Qatari Riyal (QAR) was recorded at 77.2143 PKR for the ready rate, increasing to 80.5810 PKR over one year.
The Kuwaiti Dinar (KWD), one of the strongest currencies, was priced at 923.6062 PKR in the spot market, with a one-year forward rate of 968.4241 PKR, reflecting its robust demand. The Euro (EUR) maintained a strong position at 331.7131 PKR for the spot rate, with forward rates rising to 352.4929 PKR for one year. The Bahraini Dinar (BHD) stood at 746.3806 PKR, reaching 775.9400 PKR in the one-year tenor. The British Pound (GBP) opened at 380.4836 PKR, with its one-year forward rate at 396.4825 PKR, signaling steady growth in forward premiums.
Market analysts note that the stability in these key currencies is driven by consistent remittance inflows and export earnings, though global economic uncertainties and potential US Federal Reserve policy shifts could influence future trends. The forward premiums for these currencies suggest a cautious outlook for the PKR over the coming months.
Other currencies’ spot rates in Pakistan included: Swiss Franc (CHF) at 354.7496 PKR, Australian Dollar (AUD) at 185.4717 PKR, Canadian Dollar (CAD) at 203.2888 PKR, Swedish Krona (SEK) at 30.0751 PKR, Norwegian Krone (NOK) at 28.3732 PKR, Danish Krone (DKK) at 44.4417 PKR, Singapore Dollar (SGD) at 219.2108 PKR, New Zealand Dollar (NZD) at 164.7308 PKR, Malaysian Ringgit (MYR) at 67.0054 PKR, Hong Kong Dollar (HKD) at 36.2038 PKR, Indian Rupee (INR) at 3.1708 PKR, South African Rand (ZAR) at 16.2365 PKR, Omani Riyal (OMR) at 730.9114 PKR, Bangladeshi Taka (BDT) at 2.3125 PKR, Brazilian Real (BRL) at 52.7453 PKR, Argentine Peso (ARS) at 0.1996 PKR, Chinese Yuan (CNY) at 39.5585 PKR, Sri Lankan Rupee (LKR) at 0.9311 PKR, Thai Baht (THB) at 8.8359 PKR, Turkish Lira (TRY) at 6.7963 PKR, Indonesian Rupiah (IDR) at 0.0169 PKR, Mexican Peso (MXN) at 15.3336 PKR, Russian Rubles (RUB) at 3.3760 PKR, South Korean Won (KRW) at 0.2018 PKR, Offshore Chinese Yuan (CNH) at 39.5451 PKR, and Japanese Yen (JPY) at 1.9045 PKR. Notably, BDT, BRL, and ARS lacked forward rates beyond the spot market.
The rates are sourced from the State Bank of Pakistan’s official M2M release.