KARACHI: The Iranian rial remained under pressure against the Pakistani rupee during the second half of May, with available currency trackers showing the rate hovering near 0.00021 Pakistani rupees for one Iranian rial between May 19 and May 30, 2026.
Historical exchange-rate data compiled by FreeCurrencyRates showed 1 Iranian rial at 0.000211 PKR on May 19, inching up to 0.000212 PKR on May 20, before slipping back to around 0.000211 PKR on May 21, 22, 25 and 26. The decline became clearer toward the end of the month, with the rate falling to 0.000210 PKR on May 27, 0.000209 PKR on May 28, and 0.000207 PKR on May 29.
In simpler terms, one million Iranian rials were worth roughly Rs207 to Rs212 during the period, depending on the day and the source used. That’s a tiny figure on paper, but it matters for cross-border traders, travellers and small money changers who deal in large rial amounts.
A separate exchange-rate table from ExchangeRates.org.uk also showed the rial weakening late in the month. It listed 1 IRR at 0.00021063 PKR on May 26, 0.00020755 PKR on May 27, 0.00020750 PKR on May 28, and 0.00020617 PKR on May 29.
IRR to PKR rate snapshot
| Date | 1 Iranian rial in PKR |
|---|---|
| May 19, 2026 | 0.000211–0.000212 |
| May 20, 2026 | 0.000212 |
| May 21, 2026 | 0.000211 |
| May 22, 2026 | 0.000211 |
| May 25, 2026 | 0.000211 |
| May 26, 2026 | 0.000210–0.000211 |
| May 27, 2026 | 0.000207–0.000210 |
| May 28, 2026 | 0.000207–0.000209 |
| May 29, 2026 | 0.000206–0.000207 |
| May 30, 2026 | Around 0.0002, according to live mid-market trackers |
Currency.Wiki’s live mid-market update for May 30 also placed 1 Iranian rial at about 0.0002 PKR, while noting that actual bank or money-changer rates can differ because of fees and spreads.
There is one catch, though. Not all platforms are quoting the rial the same way. Wise’s historical tracker showed a much higher figure of around 0.006630 PKR per rial for the last week of May, while most other trackers placed the rate closer to 0.0002 PKR. That kind of gap usually points to different rate feeds, official versus market references, or data-mapping issues around Iran’s complicated currency system. For a public rate update, it’s better to mention the source clearly rather than treat every number as directly comparable.
The weakness comes against a rough backdrop for Iran’s currency. Reuters reported in late April that the rial had fallen to a record low of 1,810,000 rials per US dollar, after a rush for hard currency and renewed economic pressure hit the market. The report cited sanctions, pressure on foreign currency inflows, high inflation and reconstruction needs as major strains on the Iranian economy.
For Pakistan-based buyers, the movement means the Iranian rial stayed extremely cheap in rupee terms through the May 19–30 window. But for anyone converting cash in the open market, the final amount may vary sharply from online mid-market rates, especially where availability, exchange margins and informal-market pricing come into play.
