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Pakistan Forex Market Update 21 May 2026

Web Desk 2 days ago 0

Pakistan’s foreign exchange market is continuing to trade within a narrow and controlled range on 21 May 2026, as the rupee is showing mixed stability against major global currencies in both open market and interbank segments.

The overall currency environment is remaining sensitive to import demand, external payments, and steady remittance inflows, while major currencies are moving without sharp volatility.

US Dollar (USD to PKR)

The US dollar is moving in a stable but firm range in Pakistan’s forex market, reflecting its central role in trade and import 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.

This close alignment between both markets is indicating controlled liquidity conditions, although import costs remain sensitive to any upward movement in the dollar.

British Pound (GBP to PKR)

The British pound is remaining strong in the local currency market, continuing to influence import-linked pricing.

The open market rate stands at Rs. 373.10 buying and Rs. 378.60 selling, while the interbank rate is Rs. 373.22 buying and Rs. 373.89 selling.

The pound’s stability at higher levels is keeping pressure on trade-related expenses involving UK and European transactions.

Euro (EUR to PKR)

The euro is trading steadily in Pakistan’s forex system, reflecting balanced international demand.

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 demand variation.

This steady trend is contributing to stable but firm import pricing from European markets.

UAE Dirham (AED to PKR)

UAE Dirham is showing consistent stability in Pakistan’s currency market, supported by steady remittance inflows.

The open market rate is Rs. 75.90 buying and Rs. 76.90 selling, while the interbank rate is Rs. 75.82 buying and Rs. 75.96 selling.

The tight spread between both markets is reflecting balanced foreign currency supply conditions.

Saudi Riyal (SAR to PKR)

Saudi Riyal is holding firm in Pakistan’s forex market, supported by strong overseas workforce inflows.

The open market rate stands at Rs. 74.20 buying and Rs. 75.20 selling, while interbank rates are Rs. 74.22 buying and Rs. 74.35 selling.

This stability is helping maintain consistent inflows that support household-level consumption.

Canadian Dollar (CAD to PKR)

The Canadian dollar is moving within a narrow range in Pakistan’s currency market, showing balanced demand conditions.

In the open market, CAD is being traded 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 both markets is reflecting normal adjustment patterns in foreign payments.

Overall Market Trend

Pakistan’s forex market is maintaining stability with controlled fluctuations on 21 May 2026, as major global currencies continue to move within tight ranges.

The rupee is remaining relatively steady, supported by remittance inflows and managed foreign exchange demand, while import pressures are keeping underlying sensitivity in the market.

Overall conditions are indicating a balanced but cautious currency environment, closely linked with global economic trends and external payment requirements.

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