Summary
- The Exchange Rates Committee of the Financial Markets Association of Pakistan (FMAP) on Monday released the latest official foreign currency exchange rates for forward cover of deposits, excluding FE-25 deposits.
- The daily bulletin provides benchmark exchange rates used by banks and financial institutions for eligible forward cover transactions.
- The exchange rates are issued regularly to facilitate financial institutions and market participants in conducting foreign exchange transactions and managing currency-related settlements.
The Exchange Rates Committee of the Financial Markets Association of Pakistan (FMAP) on Monday released the latest official foreign currency exchange rates for forward cover of deposits, excluding FE-25 deposits.
The rates will be applicable for transactions based on the State Bank of Pakistan’s settlement value date of July 22, 2026. The daily bulletin provides benchmark exchange rates used by banks and financial institutions for eligible forward cover transactions.
According to the committee, the US dollar remained the highest traded foreign currency in Pakistan’s financial market, while the British pound, euro and Japanese yen were also listed in the latest schedule.
The exchange rates are issued regularly to facilitate financial institutions and market participants in conducting foreign exchange transactions and managing currency-related settlements.
The latest official conversion rates are as follows:
Currency
Exchange Rate (PKR)
US Dollar (USD) 277.9223
British Pound (GBP) 373.8611
Euro (EUR) 317.9153
Japanese Yen (JPY) 1.7118
We welcome your contributions! Submit your blogs, opinion pieces, press releases, news story pitches, and news features to opinion@minutemirror.com.pk and minutemirrormail@gmail.com
