USD to PKR Today: USD Slides to Rs 285.35 Amid Market Volatility on July 18, 2025
On July 18, 2025, the US Dollar (USD) weakened slightly against the Pakistani Rupee (PKR). The interbank rate closed at approximately Rs 285.35, while the open-market rate hovered around Rs 288.30. This marks a minor dip from recent levels, following a gradual rise from the Rs 281–283 range observed in June and early July.
The dollar’s slight decline is attributed to easing inflation concerns in the US and moderate foreign exchange inflows into Pakistan. The interbank rate moved only marginally by Rs 0.30 during the day, reflecting a relatively stable environment in the forex market.
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According to market analysts, the dip in the dollar’s value reflects global investor interest shifting toward emerging markets. If external inflows remain consistent and inflation remains under control, the USD-PKR exchange rate is expected to stay within the Rs 284–286 band in the short term. However, any sharp changes in US Federal Reserve policies or domestic political uncertainty could alter this trend.
For importers and exporters, close attention to remittance flows and State Bank policies will be crucial in managing foreign exchange exposure. Travelers may benefit from slightly lower exchange rates, and businesses dealing with dollar-based imports could see modest cost relief. Looking ahead, the dollar is projected to trade between Rs 284 and Rs 288, barring any unforeseen global or domestic economic shifts.
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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