The US dollar maintained a stable position against the Pakistani rupee in both interbank and open currency markets on 10 May 2026, according to fresh forex market updates released on 10 May 2026.
The interbank dollar rate was recorded at Rs 278.60 for buying and Rs 279.10 for selling, while the open market dollar traded slightly higher at Rs 279.00 for buying and Rs 279.75 for selling.
Alongside the US dollar, other major foreign currencies also showed active trading patterns. The UK pound sterling remained among the strongest currencies in Pakistan’s forex market, trading above Rs 383 in the open market. The euro crossed Rs 331 in open-market trading, reflecting strong global demand for European currencies.
Among Gulf currencies, the Saudi riyal and Qatari riyal remained important for Pakistan’s remittance market. The Saudi Riyal traded between Rs 74.30 and Rs 75.00 in the open market, while the Qatari Riyal reached Rs 76.75 for selling.
Forex dealers stated that demand for foreign currency remained balanced ahead of upcoming international payment settlements and travel season requirements. Financial analysts also noted that stable remittance inflows are helping the Pakistani rupee avoid major volatility.
The daily forex rates are important for overseas Pakistanis, importers, exporters and travellers monitoring global currency movements and Pakistan’s economic activity.