Currency exchange rates in Pakistan play a vital role in the lives of travelers, overseas workers, students, and businesses. Whether you’re sending money abroad, planning a vacation, or importing goods, keeping an eye on the exchange rate can make a big difference. Today, on 29 May 2025, most rates have remained stable due to the public holiday on 28 May, limiting market activity.
Let’s break down everything you need to know about currency exchange in Pakistan today.
USD to PKR – No Major Change
The US Dollar remains the most traded foreign currency in Pakistan. On 29 May 2025:
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Buying rate: Rs282.55
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Selling rate: Rs284.25
This stability is due to the quiet market following the public holiday. However, with global market factors at play, this calm may not last long.
GBP, EUR Show Minor Movements
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British Pound (GBP):
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Buying: Rs383.70
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Selling: Rs387.00
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Euro (EUR):
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Buying: Rs322.25
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Selling: Rs325.00
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Due to foreign trade fluctuations, the Pound and Euro experienced small shifts. If you’re traveling to Europe or the UK, now is a good time to lock in these rates before they change again.
UAE Dirham & Gulf Currencies Still in Demand
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UAE Dirham (AED):
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Buying: Rs76.90
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Selling: Rs77.55
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Saudi Riyal (SAR):
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Buying: Rs75.30
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Selling: Rs76.10
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Qatari Riyal (QAR):
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Buying: Rs76.85
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Selling: Rs77.45
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These Gulf currencies are in high demand due to remittances sent by Pakistani workers in the Middle East. Their steady rates bring some relief to families receiving money back home.
Why Currency Rates Matter in Daily Life
Ever wondered why people are so focused on exchange rates? Here’s why:
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Travelers need foreign currency for expenses abroad.
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Students pay tuition fees in foreign currencies.
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Importers/exporters use exchange rates to calculate profits.
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Families receiving remittances want the best value.
If you’re in any of these categories, keeping track of daily rates is essential.
Open Market vs Interbank Rates – What’s the Difference?
Here’s a quick breakdown:
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Open Market Rate: What you get at money exchange shops.
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Interbank Rate: Used between banks for large-scale transactions.
Most individuals deal with the open market, which is usually slightly higher than interbank rates. So, when converting a large amount, it’s smart to compare both.
How to Get the Best Exchange Rate
Want the most out of your money? Here’s what you can do:
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Check multiple exchange companies before making a transaction.
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Avoid airport exchanges – they often offer poor rates.
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Use trusted money changers or banks with transparent charges.
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Follow live rate updates through apps or websites.
These simple habits can save you thousands of rupees over time.
Factors That Affect Currency Exchange Rates in Pakistan
Several global and local events shape how the rupee performs:
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Inflation: High inflation weakens the rupee.
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Oil prices: Higher oil costs increase the need for foreign currency.
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Political stability: A calm political environment boosts investor confidence.
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Global demand for USD: Affects all local currencies.
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Interest rates: Central bank decisions matter too.
Understanding these factors helps you make smarter money moves.
Currency Trends After the Public Holiday
Since yesterday was a public holiday in Pakistan (28 May), the forex market activity was low. Today’s rates reflect this lull. However, we expect a pickup in exchange volume by the end of the week. This could cause some rate fluctuations depending on demand.
Remittance Alert – Maximize Your Transfers
For those receiving remittances from the Gulf, here are a few tips:
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Send money when the rupee weakens – you’ll get more in PKR.
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Use legal and reputable channels for security.
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Double-check the rate before every transaction.
Every rupee counts, especially when supporting loved ones.
Also Read: PM Laptop Scheme Deadline Pushed to June – Here’s What You Need to Know
Should You Buy Foreign Currency Now or Wait?
This depends on your needs. If you’re:
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Traveling soon? Buy now before prices rise.
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Sending money abroad? Track trends to get the best rate.
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Investing in foreign assets? Time your exchange based on global news.
The market moves fast, so don’t wait till the last minute.
What Happens Next in the Currency Market?
Experts predict that:
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USD might rise if global oil prices jump.
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GBP and EUR could fluctuate depending on trade news from the UK and EU.
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Gulf currencies likely to stay stable due to constant remittance flow.
Still, it’s best to check rates daily as things can change overnight.
Avoiding Common Mistakes in Currency Exchange
Many people lose money by:
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Not checking the latest rates
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Using unauthorized dealers
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Ignoring hidden fees
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Rushing into big conversions
Avoid these pitfalls by being informed and patient.
Trusted Places to Exchange Currency in Pakistan
Stick with well-known names such as:
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Commercial banks
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Authorized money changers
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Online forex platforms (regulated)
And always ask for a receipt after the transaction—it’s your proof of the deal.
Final Thoughts – Stay Smart, Stay Updated
On 29 May 2025, Pakistan’s exchange rates are calm but could shift anytime. Whether you’re planning to travel, sending money, or investing, staying informed is your biggest asset.
Always check, compare, and plan before dealing in foreign currency. It’s not just a rate—it’s your hard-earned money.
FAQs
1. What is the difference between buying and selling rates?
Buying rate is what dealers offer to buy foreign currency from you. Selling rate is what they charge to sell it to you.
2. Why do currency rates change every day?
Rates change due to supply and demand, global market news, political events, and economic data.
3. Is it better to exchange currency at a bank or exchange company?
Banks are safer, but exchange companies often give better rates. Compare both before deciding.
4. Are currency exchange rates the same all over Pakistan?
Not always. Major cities may offer better rates due to higher trading volumes.
5. Can I check live exchange rates online?
Yes, many financial websites and apps provide real-time forex updates for free.