Karachi: Pakistan’s forex exchange market witnessed steady trading activity on Saturday as the latest interbank and open market currency rates for May 10, 2026, were released.
Latest data showed that the US dollar remained near the Rs 280 level in both markets, while European and Gulf currencies also maintained a steady pace. The euro was sold for Rs 327.38 and the British pound sterling for Rs 378.42 in the interbank market.
The pound sterling reached Rs 383.70 in the open market, while the euro reached Rs 331.83. The UAE dirham traded at Rs 77.00 and the Saudi riyal at Rs 75.00, reflecting continued demand from travellers and remittance-related transactions.
Other major currencies, including the Canadian dollar, Australian dollar, Swiss franc and Singapore dollar, also posted stable rates in the forex market. In the open market, the Canadian dollar was above Rs 207, while the Swiss franc crossed Rs 360.
Market analysts believe that Pakistan’s currency market is currently moving in a controlled range as traders await more economic indicators, foreign reserves updates and global financial developments.
Experts say that daily currency exchange movements play a significant role in determining import costs, overseas remittances, inflation trends and consumer prices across Pakistan.
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