EUR to PKR Today: Euro Edges Higher to Rs 331.54 as Demand Strengthens on July 18, 2025
On July 18, 2025, the Euro (EUR) showed a modest upward trend against the Pakistani Rupee (PKR). The interbank rate closed at approximately Rs 331.54, rising by Rs 0.60 from the previous session. In the open market, the Euro was exchanged around Rs 338.50.
The Euro has been on an upward trajectory through July, climbing from around Rs 330.11 on July 17. Over the past week, it has fluctuated between Rs 329.76 and Rs 334.14, reflecting dynamic trade and foreign investment flows.
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Key factors driving the Euro’s appreciation include increased demand from importers and an uptick in Euro-denominated remittances. Additionally, strengthening European economic indicators and relative weakness of the US dollar have supported the Euro’s momentum against the rupee.
Currency experts suggest the Euro is likely to remain firm in the coming weeks if current conditions persist. Continued inflows, along with stable European monetary policy, could keep the EUR-PKR trading in a narrow Rs 330–335 range. However, caution is advised as any shifts in global trade sentiment or interventions by the State Bank could lead to volatility.
Importers planning Euro-denominated purchases may see marginally higher conversion costs in the near term. Freelancers and individuals receiving remittances from Europe will experience improved rates, enhancing their practical value.
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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