Dollar Rate in Pakistan 2026: Every Month's SBP Rate, January to November (Full List)
The SBP dollar rate fell from Rs 280.12 to Rs 276.71 in 2026, a gain for the rupee in every month. See each month's rate, the euro, and what it means for you.
The dollar rate in Pakistan fell from Rs 280.12 at the end of 2025 to Rs 276.71 on 3 November 2026, on the State Bank of Pakistan's (SBP) official rate. The rupee gained in every single month of 2026, by 20 to 40 paisa each time, for a total gain of Rs 3.41 or 1.2%.
We built this list from the SBP's own mark-to-market rate sheets, one for the last working day of each month that the SBP still links. Below is every month's dollar rate, the euro alongside it, what the steady rupee means for your fees, savings and remittances, and how to look up any day's rate yourself.
Every month's dollar rate in 2026: the full SBP list
The SBP dollar rate dropped by between 20 and 40 paisa in each month of 2026. No month saw the rupee weaken. The biggest monthly gain was 39.88 paisa in June. The smallest was 20.19 paisa, over the shorter stretch to 19 May.
| SBP sheet date | Dollar rate (Rs) | Change from previous | Euro rate (Rs) |
|---|---|---|---|
| 31 December 2025 | 280.1231 | start of the year | 328.8505 |
| 30 January 2026 | 279.7728 | -35.03 paisa | 333.9928 |
| 27 February 2026 | 279.4717 | -30.11 paisa | 329.9443 |
| 31 March 2026 | 279.1533 | -31.84 paisa | 320.1330 |
| 30 April 2026 | 278.7735 | -37.98 paisa | 325.6911 |
| 19 May 2026 | 278.5716 | -20.19 paisa | 323.9230 |
| 29 June 2026 | 278.1728 | -39.88 paisa | 317.2422 |
| 31 July 2026 | 277.8036 | -36.92 paisa | 319.7797 |
| 31 August 2026 | 277.4728 | -33.08 paisa | 321.8545 |
| 30 September 2026 | 277.1144 | -35.84 paisa | 314.6357 |
| 30 October 2026 | 276.7522 | -36.22 paisa | 309.7965 |
| 3 November 2026 | 276.7137 | -3.85 paisa | 309.7810 |
For May and June, the SBP archive no longer links a sheet for the last working day, so we used the latest sheet it does link: 19 May and 29 June. Every other row is the month's last working day. The daily figures for last month are in the October dollar rate history.
The rupee gained Rs 3.41 against the dollar in 2026
From Rs 280.1231 on 31 December 2025 to Rs 276.7137 on 3 November 2026, the rupee gained Rs 3.41 against the dollar. That is a gain of about 1.2%. It came as a slow, even climb rather than a jump.
A slow climb like this is unusual for the rupee, which has a long record of sharp falls. The SBP buys dollars in the interbank market to build its reserves, which it explained for the last financial year in its $8.1 billion of interbank purchases. The SBP has not said it targets any rate, and we do not claim it does. We only record what its own sheets show.
What a stronger rupee means for your money
A rupee that gains slowly makes dollar costs a little cheaper and dollar income a little smaller. On $500, the difference between January and November is about Rs 1,705. That is small, but it adds up for anyone who pays or earns in dollars every month.
| Who you are | What changed in 2026 | Example |
|---|---|---|
| Family receiving dollars from abroad | Each dollar buys fewer rupees | $500 fell from Rs 140,062 to Rs 138,357 |
| Student paying a fee in dollars | The fee costs slightly less in rupees | A $1,000 fee is Rs 3,409 cheaper |
| Freelancer paid in dollars | Each payment converts to fewer rupees | $2,000 a month brings Rs 6,819 less |
| Importer or shop selling imported goods | Landed cost in rupees eased a little | Rs 3.41 less per dollar of goods |
| Saver holding a dollar account | The account lost about 1.2% in rupee terms | $1,000 is worth Rs 3,409 less in rupees |
Rupee savings still earned far more than that 1.2% loss. Bank savings rates are linked to the SBP policy rate, which rose to 12% on 27 October, as set out in the SBP rate rise. That is part of why holding rupees has paid better than holding dollars this year. If you still want dollars, the rules for a foreign currency account are in opening a dollar account in Pakistan.
The euro fell much more than the dollar
The euro dropped from Rs 328.85 at the end of 2025 to Rs 309.78 on 3 November 2026, a fall of Rs 19.07 or 5.8%. It peaked at Rs 333.99 in January. Most of that move came from the euro weakening against the dollar, not from the rupee.
For a student paying a €10,000 fee in Germany or Italy, that drop is worth about Rs 190,700 compared with January's start. Pound and Gulf currency rates for the same months are listed in the riyal, dirham and pound rates for 2026.
How to find the SBP dollar rate for any date
The SBP publishes its rate sheets free on its website for every working day. You do not need an account. These steps take about two minutes.
- Open sbp.org.pk. Today's dollar rate is on the home page under "USD/PKR Rates".
- For another day, open Financial Markets, then Financial Market Data.
- Find "Mark to Market Revaluation Exchange Rate" and click its archive link.
- Pick the date you need. The sheet opens as a PDF with more than 30 currencies.
- Read the "READY" column. That is the day's rate. The other columns are forward rates.
The SBP rate is not what a counter charges you. Exchange companies add a margin, which was Rs 1.82 to Rs 1.96 a dollar in the first days of November. The way to compare is in checking a dollar rate against the SBP and ECAP sheets, and today's figures are in the 3 November dollar rate.
Common questions
What was the dollar rate in Pakistan in January 2026?
The SBP rate was Rs 279.7728 on 30 January 2026, the last working day of the month. The year started at Rs 280.1231.
Did the dollar go up or down in Pakistan in 2026?
Down. The SBP rate fell in every month, from Rs 280.12 to Rs 276.71 by 3 November 2026.
How much did the rupee gain in 2026?
Rs 3.41 against the dollar, or about 1.2%, from 31 December 2025 to 3 November 2026.
Is the SBP rate the same as the open market rate?
No. The open market selling rate is higher. On 3 November it was Rs 278.67 against the SBP's Rs 276.71, a gap of Rs 1.96.
Why are May and June not month-end dates?
The SBP archive does not link sheets for the last days of May and June 2026. We used the latest dates it does link, 19 May and 29 June.
How we verified this
What we checked, where we read it, and what we could not confirm.
Last checked 4 November 2026 at about 06:30 PKT. We read the SBP mark-to-market rate archive and opened each month's PDF, including the sheets for 31 December 2025 and 3 November 2026. The monthly changes, the percentages and the rupee examples are our own arithmetic. We did not check any bank's or exchange company's counter rate.
About the author
Global Affairs & Political Economy Writer
Muhammad Hatim is a book lover who started writing because he enjoys it. At Pakistan Era he writes about international relations, geopolitics and the global economy, with a particular interest in South Asia and the forces behind current events.
