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Business & Commerce

Dollar and other foreign currencies hold steady in Pakistan on April 27

Last updated: April 27, 2026 6:48 pm
Ayan Ahmed
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The Pakistani rupee showed little movement against major foreign currencies on Monday, April 27, 2026, with the US dollar trading at Rs279.25 for buying and Rs279.90 for selling in the open market, according to currency-rate services tracking the day’s market. The interbank dollar rate was reported around Rs278.75 for buying and Rs279.25 for selling.

Among other widely watched currencies, the euro was quoted at Rs326.88 buying and Rs332.25 selling, while the British pound stood at Rs375.87 buying and Rs381.25 selling in the open market. Gulf currencies remained firm too, with the UAE dirham at Rs75.90 buying and Rs76.95 selling and the Saudi riyal at Rs74.35 buying and Rs75.30 selling.

The day’s numbers suggest a broadly stable retail currency market rather than a sharp swing. Reporting on the dollar described the rupee as holding a cautious but steady position, with no major shock visible in Monday’s quoted rates.

For traders, importers and remittance senders, the gap between interbank and open-market prices remains worth watching. The State Bank of Pakistan’s foreign-exchange pages showed the latest official market references updated through April 24, 2026, including a mark-to-market revaluation rate near 278.8533 and weighted average customer rates with the dollar offer near 279.0137, broadly consistent with Monday’s market reporting.

Other notable open-market quotes reported for April 27 included the Canadian dollar at Rs202.90 buying and Rs206.85 selling, the Australian dollar at Rs198.25 buying and Rs202.70 selling, and the Kuwaiti dinar at Rs879.50 buying and Rs890.42 selling. These levels matter mostly for overseas Pakistanis, travel spending and import settlements, where even small daily changes can affect transaction costs.

At least for now, the market appears calm. The dollar is still the main benchmark for sentiment, but Monday’s quoted prices point more to stability than stress in Pakistan’s retail foreign-exchange trade.

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