The State Bank of Pakistan (SBP) has released its latest mark-to-market currency rates, showing the Pakistani rupee maintaining relative stability against major international currencies.
According to the latest rates issued on Friday, the US dollar was quoted at Rs278.4117 in the ready market, while the one-year forward rate stood at Rs291.2735, indicating limited expectations of major exchange rate fluctuations in the near term.
Among Gulf currencies, the Saudi riyal was valued at Rs74.1561, the UAE dirham at Rs75.8057, and the Qatari riyal at Rs76.4282. The Kuwaiti dinar remained the highest-valued currency against the rupee at Rs907.0261, followed by the Bahraini dinar at Rs739.2966 and the Omani rial at Rs723.1096.
The Australian dollar was quoted at Rs198.5910, while the Canadian dollar stood at Rs200.5053. In Europe, the euro traded at Rs324.0016, the British pound at Rs374.3941, and the Swiss franc at Rs353.4713.
Among Asian currencies, the Chinese yuan was valued at Rs41.1249, the Japanese yen at Rs1.7407, the Malaysian ringgit at Rs69.0506, and the Singapore dollar at Rs216.8653.
The SBP data also showed one-year forward premiums for most major currencies, reflecting market expectations of gradual depreciation in the rupee over time. However, the Turkish lira remained an exception, with its one-year forward rate quoted below the current spot rate.
The latest exchange rates are significant for importers, exporters, overseas Pakistanis and families receiving remittances, particularly from Gulf countries, where a large Pakistani workforce is employed.
