The Pakistani rupee traded within a narrow range against major global currencies on May 23, 2026, as the forex market maintained stability amid moderate economic activity and steady foreign inflows.
Traders observed that Pakistan’s currency behaviour continues to reflect external trade dynamics, remittance flows, and global market uncertainty, particularly in energy and financial sectors.
USD to PKR – Dollar Remains Market Benchmark
- Open Market: Rs 278.90 – Rs 279.55
- Interbank: Rs 278.45 – Rs 278.95
The US dollar maintained its dominant position in Pakistan’s currency system, with limited volatility due to balanced supply and demand conditions.
AED to PKR – UAE Currency Remains Strong
- Open Market: Rs 75.75 – Rs 76.80
- Interbank: Rs 75.82 – Rs 75.96
The UAE dirham remained stable, supported by strong remittance inflows and continued economic linkage between both countries.
SAR to PKR – Saudi Riyal Reflects Steady Inflows
- Open Market: Rs 73.95 – Rs 74.80
- Interbank: Rs 74.20 – Rs 74.34
The Saudi Riyal continued to show resilience, backed by large-scale labour remittances and seasonal travel demand.
CAD to PKR – Canadian Dollar Shows Balanced Trend
- Open Market: Rs 200.71 – Rs 205.65
- Interbank: Rs 201.97 – Rs 202.33
The Canadian dollar remained steady, influenced by education expenses, immigration flows, and international settlement transactions.
GBP to PKR – Pound Sterling Remains High-Value Currency
- Open Market: Rs 372.91 – Rs 378.10
- Interbank: Rs 373.97 – Rs 374.64
The British Pound continued to trade at premium levels, reflecting strong demand in travel, remittance, and business sectors.
AUD to PKR – Australian Dollar Tracks Global Trends
- Open Market: Rs 196.82 – Rs 202.68
- Interbank: Rs 198.86 – Rs 199.22
The Australian dollar remained stable, influenced by global commodity prices and steady demand from students and professionals abroad.
Overall Currency Market Outlook
Pakistan’s forex market remains stable but sensitive to global developments. Analysts highlight that while remittances provide support, external debt obligations and import requirements continue to shape long-term currency direction.
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