{"id":103221,"date":"2026-01-02T12:19:07","date_gmt":"2026-01-02T12:19:07","guid":{"rendered":"https:\/\/pakistaninewspaperlist.com\/news\/dollar-and-other-currency-rates-in-pakistan-today-02-jan-2026\/"},"modified":"2026-01-02T12:19:07","modified_gmt":"2026-01-02T12:19:07","slug":"dollar-and-other-currency-rates-in-pakistan-today-02-jan-2026","status":"publish","type":"post","link":"https:\/\/pakistaninewspaperlist.com\/news\/dollar-and-other-currency-rates-in-pakistan-today-02-jan-2026\/","title":{"rendered":"Dollar and Other Currency Rates in Pakistan Today, 02 Jan. 2026"},"content":{"rendered":"
\n

Karachi, 02 January 2026 \u2013 The Pakistani rupee greeted the new calendar year on a firmer footing, with the State Bank of Pakistan (SBP) fixing the USD\/PKR mark-to-market currency rate at Rs 278.6423, a sharp 148-paisa retreat** from the last 2025 close and the leanest print in six weeks.<\/strong><\/p>\n

Priority Currencies \u2013 Quick Take<\/h2>\n

1. US Dollar (USD) \u2013 278.64 (spot)<\/strong><\/p>\n

The 148-paisa drop erases December\u2019s modest rebound and drags the pair back toward the lower edge of its 279\u2013282 range. One-week forwards are quoted at 279.01, implying a skimpy 0.13 % carry. Exporters are selling any test of 279.00, while oil importers buy dips below 278.50.<\/p>\n

\u201cYear-end corporate squaring has washed out; the currency rate is now hunting for a fresh equilibrium,\u201d* said a senior interbank dealer.<\/p>\n

2. Saudi Riyal (SAR) \u2013 74.20<\/strong><\/p>\n

SAR slips 2 paisa to 74.20; one-year forward is 77.30, an annualised 4.2 %\u2014still the tightest band among major remittance corridors. Exchange booths report brisk walk-in demand from pilgrims locking in ahead of the January Umrah rush.<\/p>\n

3. UAE Dirham (AED) \u2013 75.86<\/strong><\/p>\n

AED softens 2 paisa to 75.86; six-month forward is 77.17, implying 3.5 % annualised rupee softness. UAE salary disbursements continue to migrate to banking channels, keeping the pair quietly anchored.<\/p>\n

4. Qatari Riyal (QAR) \u2013 75.86<\/strong><\/p>\n

QAR mirrors AED at 75.86; 12-month forward is 79.33, a 4.6 % annualised gap\u2014identical to SAR\/AED, underscoring uniform Gulf-peg calm.<\/p>\n

5. Kuwaiti Dinar (KWD) \u2013 903.95<\/strong><\/p>\n

KWD drops Rs 7.4 to 903.95 on the weaker USD cross. Twelve-month forwards at 966.50 pencil out to 6.9 % annualised PKR weakness\u2014wider than GCC peers owing to thinner dinar liquidity.<\/p>\n

6. Bahraini Dinar (BHD) \u2013 739.09<\/strong><\/p>\n

BHD retreats Rs 4.1 to 739.09; six-month forward is 750.04, an annualised 3.0 %\u2014the flattest curve among Gulf units. Manama-linked IT remittances remain steady.<\/p>\n

7. Australian Dollar (AUD) \u2013 172.53<\/strong><\/p>\n

The \u201cAussie\u201d tumbles to 172.53 as iron-ore dips below $98\/t. One-year forward is 180.98, implying 4.9 % annualised rupee deprecation\u2014almost flat against the SAR curve, confirming that AUD\/PKR moves are driven by commodity swings rather than PKR risk.<\/p>\n

8. Canadian Dollar (CAD) \u2013 193.44<\/strong><\/p>\n

The \u201cLoonie\u201d slips to 193.44 as WTI crude eases to $75\/bbl. Twelve-month forwards at 205.03 still pencil out to 6.0 % annualised rupee softness, but importers of prairie pulses are said to have covered February shipments early, capping further CAD losses.<\/p>\n

Other Majors \u2013 Single-Paragraph Round-Up<\/h2>\n

Euro opens at 288.88, down 1.2 % on the week after softer German CPI data; one-year forward is 307.94, translating into 6.6 % annualised rupee weakness. Sterling dips to 348.89, little moved after BoE rhetoric cooled rate-cut bets. Japanese yen remains the cheapest major at 1.78 per unit, but forwards price 7.8 % annualised PKR decline\u2014the steepest among G-10 pairs. Swiss franc is 308.01; Singapore dollar 204.67; Swedish krona 25.21; Norwegian krone 24.52; Danish krone 38.74; New Zealand dollar 156.28; Chinese yuan 39.97; Turkish lira 6.52; Russian ruble 3.56; Indian rupee 3.11; Bangladeshi taka 2.29\u2014all inside well-worn ranges and implying no event-risk premium ahead of the IMF\u2019s first-quarter 2026 review.<\/p>\n

Market Context & Outlook<\/h2>\n

The uniformly slender forward premiums\u2014barely 5\u20137 % annualised even for the least-liquid pairs\u2014tell currency desks that both importers and exporters believe the State Bank has enough cover to defend the rupee through the winter remittance season. Reserves have risen $1.5 billion in six weeks to $20.6 billion, while the real effective exchange rate (REER) slipped to 98.2 in November, a level the IMF considers \u201ccompetitive but not undervalued.\u201d Unless oil spikes above $90 or political noise disrupts the Fund programme, traders expect the USD currency rate to remain hand-cuffed to the 278\u2013282 corridor for the opening quarter of 2026, dragging the rest of the currency mosaic along in its slipstream.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Karachi, 02 January 2026 \u2013 The Pakistani rupee greeted the new calendar year on a firmer footing, with the State Bank of Pakistan (SBP) fixing the USD\/PKR mark-to-market currency rate at Rs 278.6423, a sharp 148-paisa retreat** from the last 2025 close and the leanest print in six weeks. Priority Currencies \u2013 Quick Take 1. […]<\/p>\n","protected":false},"author":2,"featured_media":103222,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"fifu_image_url":"https:\/\/static.arynews.tv\/zip-archives\/wp-content\/uploads\/2025\/12\/currency-rates.jpg?imageMogr2\/format\/jpg","fifu_image_alt":"","footnotes":""},"categories":[5],"tags":[],"class_list":["post-103221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-lifestyle"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/103221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/comments?post=103221"}],"version-history":[{"count":0,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/posts\/103221\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media\/103222"}],"wp:attachment":[{"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/media?parent=103221"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/categories?post=103221"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pakistaninewspaperlist.com\/news\/wp-json\/wp\/v2\/tags?post=103221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}