Pakistani Rupee Holds Steady Against Major Currencies as of March 2, 2026

The Pakistani rupee (PKR) exhibited cautious stability against major foreign currencies on Monday, March 2, 2026, trading within a narrow range in both the interbank and open markets. Market participants are closely monitoring a range of factors, including geopolitical tensions, global interest rate trends, commodity prices, and domestic economic indicators, for potential influences on the rupee’s short-term direction.

Open Market and Interbank Rates

According to data released by Forex.pk as of 12:00 PM Pakistan Standard Time (PST) on Monday, the US dollar (USD) was being quoted at Rs280.35 for buying and Rs282.15 for selling in the open market. In the interbank market, the USD was slightly lower, trading at Rs279.35 for buying and Rs279.85 for selling. [Forex.pk]

Other Major Currency Pairings

Here’s a snapshot of how other major currencies performed against the PKR on March 2, 2026:

• Euro (EUR): Rs330.75 for buying and Rs335.28 for selling in the open market.
• British Pound (GBP): Rs377.90 for buying and Rs382.16 for selling in the open market.
• UAE Dirham (AED): Rs76.35 for buying and Rs77.35 for selling.
• Saudi Riyal (SAR): Rs74.88 for buying and Rs75.65 for selling.
• Canadian Dollar (CAD): Rs203.68 for buying and Rs207.00 for selling.

Current Exchange Rates (as of March 2, 2026)

Here’s a broader look at exchange rates against the US dollar, as reported by Forex.pk at 11:58 GMT on March 2, 2026:

• Australian Dollar (AUD): 1.4055 PKR per USD
• Canadian Dollar (CAD): 1.3641 PKR per USD
• Japanese Yen (JPY): 155.8815 PKR per USD
• Saudi Riyal (SAR): 3.75 PKR per USD
• Singapore Dollar (SGD): 1.2644 PKR per USD
• U.A.E Dirham (AED): 3.6725 PKR per USD

For the most up-to-date PKR to USD conversion rates, you can use a currency converter such as the one provided by Wise, which currently shows 1 PKR = 0.003577 USD.

Looking Ahead

The Pakistani rupee’s performance continues to reflect a cautious approach from market participants. Ongoing monitoring of global economic factors and domestic conditions will be crucial in determining the currency’s trajectory in the coming weeks.