Pakistani Rupee Shows Stability as Dollar Continues to Ease
Karachi: The State Bank of Pakistan has released the latest interbank currency exchange rates for May 21, 2026, showing a slight decline in the US Dollar against the Pakistani Rupee.
According to Beyond Time News, market analysts believe stable remittance inflows and improving foreign exchange reserves are helping support the rupee ahead of Eid holidays.
US Dollar Continues to Decline
The US Dollar (USD) was recorded at:
- Buying: Rs277.80
- Selling: Rs279.30
Currency experts say the softer dollar trend reflects reduced import pressure and better dollar liquidity in the banking system.
In addition, the USD/PKR exchange rate remains closely monitored because it directly impacts trade, imports, remittances, and Pakistan’s external financial position.
British Pound and Euro See Minor Decline
The British Pound Sterling (GBP) traded at:
- Buying: Rs365.00
- Selling: Rs367.50
Meanwhile, the Euro (EUR) was recorded at:
- Buying: Rs318.25
- Selling: Rs320.75
Analysts say the weaker Pound and Euro provide some relief for Pakistani importers, travelers, and students planning education expenses abroad.
Furthermore, remittances from the United Kingdom and Europe continue to contribute positively to Pakistan’s foreign exchange reserves.
Canadian Dollar and Other Major Currencies
The Canadian Dollar (CAD) stood at:
- Buying: Rs201.90
- Selling: Rs204.15
Experts note that the CAD/PKR rate is important for Pakistani families sending tuition and living expenses to students studying in Canada.
Other major currencies were reported as follows:
- Australian Dollar (AUD): Rs180.20 / Rs182.45
- Swiss Franc (CHF): Rs326.00 / Rs328.50
- Chinese Yuan (CNY): Rs37.90 / Rs38.45
- Japanese Yen (JPY): Rs1.83 / Rs1.90
Kuwaiti Dinar Remains Strongest Currency
Among Gulf currencies, the Kuwaiti Dinar (KWD) once again remained the most valuable currency against the Pakistani Rupee.
Gulf Currency Rates:
- Kuwaiti Dinar (KWD): Rs905.50 / Rs910.00
- Bahraini Dinar (BHD): Rs738.00 / Rs741.50
- Omani Riyal (OMR): Rs721.80 / Rs725.05
- UAE Dirham (AED): Rs75.55 / Rs75.95
- Saudi Riyal (SAR): Rs74.00 / Rs74.45
- Qatari Riyal (QAR): Rs76.15 / Rs76.65
According to Beyond Time News, these strong Gulf currency rates continue to benefit Pakistani expatriates sending remittances back home.
Remittances Continue Supporting Rupee
Financial analysts say overseas remittances remain one of the key pillars supporting Pakistan’s currency market.
Money sent by Pakistanis working in Gulf countries, the UK, Europe, and North America plays a major role in maintaining foreign exchange stability.
Additionally, experts believe improved reserves and controlled import demand are helping ease pressure on the rupee.
Read more:Dollar and Currency Rates in Pakistan Today – May 13, 2026
Exchange Rate Trends and Market Outlook
While the rupee has shown some stability in recent sessions, analysts caution that global economic developments, oil prices, and IMF-related factors could still influence future movements.
They also advise businesses and travelers to regularly monitor official exchange rates before making transactions.
Disclaimer
According to Beyond Time News, these are interbank rates issued by the State Bank of Pakistan for May 21, 2026. Retail rates at banks and exchange companies may vary depending on market conditions and service charges.
FAQs
What is the US Dollar rate in Pakistan today?
The US Dollar is trading at Rs277.80 for buying and Rs279.30 for selling.
Which currency is strongest against the Pakistani Rupee?
The Kuwaiti Dinar (KWD) remains the strongest currency in the interbank market.
Why is the rupee stabilizing?
Analysts credit stable remittances and improved foreign reserves.
What is the Saudi Riyal rate today?
The Saudi Riyal (SAR) is trading at Rs74.00 buying and Rs74.45 selling.
Who issues official exchange rates in Pakistan?
The State Bank of Pakistan issues official interbank currency rates.
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