Dollar to PKR Update July 18, 2025: Dollar Slightly Down, Canadian and Australian Currencies Stay Stable
On July 18, 2025, the US dollar was trading at approximately 283.95 against the Pakistani Rupee, showing a minor decline of 0.20% from the previous day. The average rate for the day hovered around 284.33. This minor shift is largely influenced by ongoing global economic factors and cautious signals from the US Federal Reserve regarding interest rate cuts. Experts believe the dollar will likely stay within the PKR 280–290 range in the near term, especially if Pakistan continues efforts to stabilize its foreign reserves through international financial support.
| Currency | Rate (PKR) | Weekly Range | Trend |
|---|---|---|---|
| USD | ~284 | 283 – 285 | Stable to slightly strong |
| CAD | ~208 | 207 – 209 | May rise if commodities stay strong |
| AUD | ~186 | 184 – 188 | Range-bound with potential upside |
The Canadian dollar remained steady, trading between PKR 207 and PKR 209 throughout the week. Today’s rate stood close to PKR 208. Recent trends indicate the CAD has strengthened slightly compared to last week. Analysts attribute this to increased global demand for commodities and a stable outlook from the Bank of Canada. If commodity prices remain elevated, the CAD may test the PKR 210 mark, although any global economic slowdown could limit further gains.
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The Australian dollar saw moderate fluctuations, peaking around PKR 188.10 earlier this week before adjusting to about PKR 186–187 today. This movement reflects global market shifts and Australia’s strong export performance, particularly in mining and natural resources. Financial experts suggest that if demand from key trade partners like China remains firm, the AUD could strengthen towards PKR 190. However, a slowdown in global industrial activity may pull it below PKR 185.
Market observers highlight that while the US dollar remains resilient due to its safe-haven status and steady interest rate policy, commodity-backed currencies like the Canadian and Australian dollars are showing relative strength. These currencies are supported by global trade dynamics and resource demand. Given Pakistan’s reliance on imports and foreign reserves, any fluctuations in these currencies can significantly affect local market conditions. Exporters and importers are advised to monitor international financial developments closely and consider currency hedging where necessary.
The Financial Markets Association of Pakistan, through its Exchange Rates Committee, released the official exchange rates bulletin on Friday, outlining conversion rates for forward cover for deposits (excluding FE-25 deposits) effective for July 18, 2025. These rates are used for transactions involving foreign currency deposits and are based on the SBP settlement value date of July 22, 2025.
According to the bulletin, the exchange rate for the US Dollar (USD) has been set at 284.9310 PKR, the British Pound (GBP) at 381.2377 PKR, the Euro (EUR) at 330.2635 PKR, and the Japanese Yen (JPY) at 1.9154 PKR. These rates serve as a benchmark for financial institutions in managing currency-related transactions and hedging strategies.
In addition, the National Bank of Pakistan (NBP) released its official buying and selling rates for major foreign currencies on Friday. According to the NBP, the selling and buying rates for the US Dollar (USD) were recorded at 288.20 PKR and 282.00 PKR, respectively. The British Pound (GBP) was listed at 386.97 PKR for selling and 378.61 PKR for buying, while the Euro (EUR) stood at 334.92 PKR and 327.71 PKR. For the Japanese Yen (JPY), the rates were 1.9385 PKR (selling) and 1.8968 PKR (buying). The Saudi Riyal (SAR) was quoted at 76.84 PKR for selling and 75.18 PKR for buying, and the UAE Dirham (AED) was set at 78.48 PKR and 77.30 PKR, respectively.
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