NBP releases benchmark forex rates for market trading

ISLAMABAD: The treasury management division of the National Bank of Pakistan (NBP) on Monday released its latest forex exchange rates, providing a snapshot of currency valuations for the day’s trading activity.

These rates, often used as a benchmark for market transactions, serve as a reference point for financial institutions, traders, and businesses to assess prevailing market conditions. The update is part of the bank’s routine effort to maintain transparency in currency pricing and to help individuals and organisations in making informed financial decisions.

According to the rates issued, the US dollar was quoted at Rs282.85 for TT (telegraphic transfer) selling and Rs282.35 for TT buying. The euro stood at Rs330.23 for selling and Rs329.64 for buying, while the British pound was recorded at Rs380.78 and Rs380.11 respectively. Among other major currencies, the Japanese yen traded at Rs1.9180 for selling and Rs1.9146 for buying, and the Swiss franc was posted at Rs350.73 and Rs350.11.

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From the Commonwealth bloc, the Canadian dollar was priced at Rs205.78 for selling and Rs205.41 for buying, while the Australian dollar fetched Rs184.60 and Rs184.28 respectively. The Singapore dollar was at Rs220.36 for selling and Rs219.97 for buying, and the Hong Kong dollar at Rs36.03 and Rs35.97.

The Chinese yuan traded at Rs39.37 for selling and Rs39.31 for buying, whereas the UAE dirham and Saudi riyal were quoted at Rs77.01 and Rs75.37 for selling, with slightly lower buying rates of Rs76.88 and Rs75.24 respectively.

Frozen foreign currency deposits

In terms of conversion rates for frozen foreign currency deposits, the US dollar was set at Rs282.4377 for settlement on Wednesday, August 13, 2025. The British pound conversion rate was recorded at Rs379.7657, the euro at Rs329.3223, and the Japanese yen at Rs1.917.

The bank clarified that these rates are not applicable for transactions exceeding $5,000 or its equivalent in other currencies on a cumulative basis. Additionally, certain listed currencies, such as the New Zealand dollar, Korean won, Malaysian ringgit, Thai baht, Qatari riyal, and Kuwaiti dinar, are not available for transactions to NBP customers.

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