On January 30, 2025, the State Bank of Pakistan (SBP) announced the official foreign exchange rates for customers. These rates, based on the weighted averages of commercial banks, act as a key reference for cross-border transactions, facilitating international trade and commerce.
The SBP’s foreign exchange rates are more than mere conversion figures. They serve as crucial indicators that guide businesses and individuals engaged in international financial activities. By providing a reliable benchmark, these rates ensure a structured and transparent approach to cross-border dealings, fostering confidence among stakeholders.
According to the SBP, the buying and selling rates for prominent foreign currencies in Pakistani Rupees (PKR) as of January 30, 2025, are presented below:
| CURRENCY | BUYING | SELLING |
| AED (UAE Dirham) | 75.9000 | 76.0135 |
| AUD (Australian Dollar) | 173.4230 | 173.6887 |
| CAD (Canadian Dollar) | 193.2533 | 193.5588 |
| CHF (Swiss Franc) | 307.4560 | 307.9277 |
| CNY (Chinese Yuan) | 38.4435 | 38.4960 |
| EUR (Euro) | 290.4233 | 290.8747 |
| GBP (British Pound) | 346.7516 | 347.3151 |
| JPY (Japanese Yen) | 1.8036 | 1.8063 |
| SAR (Saudi Riyal) | 74.3302 | 74.4389 |
| USD (US Dollar) | 278.7718 | 279.2037 |
These rates, published by the SBP, offer a snapshot of the current foreign exchange market, reflecting prevailing economic conditions. They are utilized by commercial banks to determine the rates offered to their customers for foreign currency transactions, underscoring their critical role in facilitating international trade and investment.
Foreign exchange rates are dynamic and subject to market fluctuations. Therefore, individuals and businesses are encouraged to consult the latest SBP rates or verify with their financial institutions to obtain the most accurate figures for their transactions. The SBP’s consistent updates enhance transparency and provide a robust framework for international financial dealings.
The SBP’s transparency in disclosing these customer forex rates is a testament to its commitment to fostering economic stability. By enabling informed decision-making, the SBP supports businesses and individuals in managing their financial strategies effectively.
In an increasingly interconnected global economy, the SBP’s foreign exchange rates play a pivotal role in maintaining market equilibrium. They not only facilitate trade and investment but also contribute to the broader objective of economic resilience and stability. As markets continue to evolve, the SBP’s role remains indispensable in shaping the dynamics of foreign exchange in Pakistan.
