Pakistan’s foreign exchange market is moving within a controlled and narrow range on 21 May 2026, as both open market and interbank rates are reflecting balanced but pressure-sensitive trading conditions amid ongoing external payment requirements and import demand.
The rupee is showing relative stability against major global currencies, although minor fluctuations are continuing due to trade settlements, remittance inflows, and international currency demand.
US Dollar (USD to PKR)
The US dollar is moving steadily in Pakistan’s currency market, reflecting its central role in import payments and external trade settlements.
In the open market, the dollar is being traded at Rs. 279.00 buying and Rs. 279.60 selling, while in the interbank market, it is recorded at Rs. 278.50 buying and Rs. 279.00 selling.
The narrow gap between both markets is showing controlled liquidity conditions, although import-heavy sectors continue to feel pricing pressure due to dollar dependency.
British Pound (GBP to PKR)
The British pound is remaining strong in Pakistan’s forex market, indicating sustained demand in international transactions.
The open market rate stands at Rs. 373.10 buying and Rs. 378.60 selling, while the interbank rate is recorded at Rs. 373.22 buying and Rs. 373.89 selling.
The elevated pound value is continuing to influence import costs, especially in trade-linked sectors involving Europe and the UK.
Euro (EUR to PKR)
The euro is moving steadily in Pakistan, reflecting balanced demand in trade and financial settlements.
In the interbank market, EUR is recorded at Rs. 323.15 buying and Rs. 323.73 selling, while open market rates remain slightly higher due to market demand conditions.
The euro movement is contributing to imported inflation pressure in certain European-linked goods.
UAE Dirham (AED to PKR)
UAE Dirham is trading steadily across Pakistan, supported by consistent remittance inflows.
In the open market, AED is being exchanged at Rs. 75.90 buying and Rs. 76.90 selling, while in the interbank market, it stands at Rs. 75.82 buying and Rs. 75.96 selling.
The tight spread between both markets is reflecting stable liquidity and strong remittance-based demand.
Saudi Riyal (SAR to PKR)
The Saudi Riyal is holding steady in Pakistan’s currency market, supported by overseas worker remittances.
The open market rate is Rs. 74.20 buying and Rs. 75.20 selling, while the interbank rate is Rs. 74.22 buying and Rs. 74.35 selling.
This stability is helping maintain consistent foreign inflows into Pakistan’s economy.
Canadian Dollar (CAD to PKR)
The Canadian dollar is moving within a narrow range, showing balanced demand in trade and remittance flows.
In the open market, CAD stands at Rs. 201.41 buying and Rs. 207.65 selling, while in the interbank market, it is recorded at Rs. 202.50 buying and Rs. 202.86 selling.
The slight difference between markets reflects normal currency adjustments in international payments.
Economic Outlook
Overall, Pakistan’s currency market is maintaining short-term stability with controlled fluctuations, as external trade demand and remittance inflows continue to shape forex movement.
The rupee remains sensitive to global dollar trends, energy imports, and international financial obligations, while steady inflows from Gulf countries are providing partial balance to external pressures.
Market conditions indicate that the exchange rate environment is stable but closely linked to global economic movement, particularly in major currencies.
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