As of today, the open market currency rates in Pakistan show the US Dollar trading at around PKR 282, the UAE Dirham at PKR 76.70, and the Saudi Riyal at PKR 75.00. These rates are set by money exchangers and fluctuate based on foreign exchange demand and global market conditions. The open market rate is what individuals and businesses use for cash currency exchange, while the interbank rate is applied to transactions between banks.
What Are Open Market Currency Rates?
The open market currency rate is the buying and selling price of foreign currencies determined by local exchange companies. It often differs from the State Bank of Pakistan’s (SBP) official rate because it reflects real-time public demand.
In simple terms:
- Open Market Rate: Used by individuals for exchanging cash.
- Interbank Rate: Used by financial institutions for cross-border transactions.
Today’s Open Market Currency Rates in Pakistan
Below are the latest exchange rates in the open market as of today (21 Oct 2025). Rates may vary slightly depending on location and exchange company.
| Currency | Buying (PKR) | Selling (PKR) |
| US Dollar (USD) | 279.50 | 282.00 |
| British Pound (GBP) | 353.00 | 356.00 |
| Euro (EUR) | 297.50 | 300.00 |
| UAE Dirham (AED) | 76.00 | 76.70 |
| Saudi Riyal (SAR) | 74.30 | 75.00 |
| Canadian Dollar (CAD) | 205.00 | 208.50 |
| Australian Dollar (AUD) | 180.00 | 183.00 |
| Kuwaiti Dinar (KWD) | 909.00 | 918.00 |
| Qatari Riyal (QAR) | 76.80 | 77.60 |
Note: Currency exchange rates fluctuate throughout the day based on global forex movements and local market trends.
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Dollar Rate in Pakistan Today – Open Market
The Dollar rate in Pakistan today (open market) is trading between PKR 279.50 and PKR 282.00.
This rate is higher than the interbank USD rate, which averages around PKR 279, due to service margins added by exchange dealers.
The demand for the US dollar typically increases during import payments, travel seasons, or political uncertainty, affecting its daily value in Pakistan.
UAE Dirham Rate in Pakistan Today
The UAE Dirham rate in Pakistan open market today stands at around PKR 76.70 (selling). The Dirham (AED) is one of the most traded currencies due to high remittance activity from the UAE to Pakistan.
Fluctuations in the Dirham rate are often linked to US Dollar strength, since the AED is pegged to the USD.
State Bank of Pakistan (SBP) Exchange Rate
The State Bank of Pakistan publishes the official interbank exchange rate every working day. These rates are applicable to bank transfers, trade payments, and remittances, not for open market transactions.
You can check the official SBP exchange rate today on the www.sbp.org.pk portal for verified updates.
All Country Currency Rate Today
Pakistan’s open market deals with over 30 major global currencies, including the US Dollar, Euro, Pound, Dirham, Riyal, and Yen. Each rate depends on:
- Global forex market movements
- Demand from importers and travelers
- Political stability and inflation trends
Currency dealers across Karachi, Lahore, Islamabad, and Peshawar update rates multiple times a day to reflect real-time value changes.
Interbank vs Open Market Rates
| Feature | Interbank Rate | Open Market Rate |
| Set by | Commercial Banks | Money Changers |
| Users | Banks & Corporations | General Public |
| Rate Type | Official (SBP regulated) | Market-based |
| Rate Difference | Lower | Slightly Higher |
Understanding both rates helps individuals plan foreign transactions, travel exchanges, or investment transfers efficiently.
Why Monitoring Open Market Rates Matters
Tracking open market currency rates is important for:
- Travelers buying or selling foreign currency.
- Overseas Pakistanis sending remittances.
- Importers and exporters handling international trade.
- Investors monitoring forex trends for financial planning.
Regular rate checks help avoid overpayment and ensure transparent currency deals.
Conclusion
The open market currency rates today in Pakistan highlight the real exchange value of global currencies like the US Dollar, Euro, and Dirham. With the USD trading near PKR 282 and AED near PKR 76.70, Pakistan’s forex market remains stable but sensitive to global changes. For official rates, always verify through the State Bank of Pakistan or authorized money exchangers.
FAQs
What is the dollar rate in Pakistan today (open market)?
The US Dollar is trading between PKR 279.50 and PKR 282.00 in the open market.
What is the UAE Dirham rate in Pakistan today open market?
The Dirham (AED) is being sold at around PKR 76.70 in major cities.
What is the State Bank exchange rate today?
The State Bank of Pakistan issues the interbank rate daily on its official website.
Why is the open market rate higher than the interbank rate?
Because open market dealers include operational margins and adjust for cash availability and public demand.
Where can I check all country currency rates today?
You can check daily global exchange rates through SBP, Forex.pk, or verified money exchange websites.
