Dollar and Other Currency Rates in Pakistan Today – June 2, 2026
SBP published fresh PKR rates for major currencies, with USD at 278.4634 and a 1-year forward at 292.1822.
Intelligence analysis by GPT-5.4 Mini
The State Bank of Pakistan’s latest mark-to-market table shows the rupee trading in a familiar range against the dollar and lists updated rates for major currencies used by traders, businesses and remittance senders.
This is like a scoreboard for money values. It shows how many Pakistani rupees are needed to buy one dollar, dirham, or other currency, so people can plan for shopping, travel, and money sent from abroad.
Analysis
What the SBP published
The State Bank of Pakistan released its latest mark-to-market revaluation rates for Tuesday, covering the dollar, Gulf currencies and other major foreign exchanges against the rupee.
The US dollar opened the month at 278.4634 PKR for spot transactions. The article says this keeps the currency within the familiar 278-280 band that has defined interbank trading through much of 2026. It also lists the 1-year forward rate at 292.1822 PKR, which implies the market is pricing in a weaker rupee over the next twelve months.
Key reference rates
The Saudi riyal was quoted at 74.1995 PKR, the UAE dirham at 75.8208 PKR and the Qatari riyal at 76.3907 PKR. These rates matter because they are widely used in remittance flows from Gulf-based Pakistani workers.
Among higher-value currencies, the Kuwaiti dinar stood at 907.6382 PKR and the Bahraini dinar at 738.6198 PKR. The Australian dollar was listed at 200.0342 PKR and the Canadian dollar at 201.1946 PKR.
Other currencies and a liquidity note
The table also includes the euro at 324.4098 PKR, the British pound at 375.1876 PKR, the Swiss franc at 354.8434 PKR, and several Asian and commodity-linked currencies. At the end, the article notes that zero values in forward tenors for BRL, BDT, ARS and some others point to thin or absent forward market liquidity.
Overall, this is a standard daily rates update rather than a policy change or shock move, but it gives a clear snapshot of how the rupee is being priced across major currency pairs.
Key points
- SBP released mark-to-market revaluation rates for Tuesday, June 2, 2026.
- The US dollar was quoted at 278.4634 PKR in spot trading.
- The 1-year forward dollar rate was listed at 292.1822 PKR.
- Saudi riyal, UAE dirham and Qatari riyal rates remain important for remittances.
- The article notes thin or absent forward liquidity in some currencies.
If the rupee stays in the current range, businesses and families may get a steadier reference for payments and remittances. The Gulf currency pegs also give households more predictability when money arrives from abroad.
The 1-year forward rate points to expected rupee weakness over time, which could make imports and foreign payments costlier later. If forward liquidity stays thin in some currencies, planning and hedging those exposures remains harder.
