Dollar Rate in Pakistan Today: Rs 276.97 Interbank on 12 October, Rupee Gains 3 Paisa
Dollar rate in Pakistan on 12 October 2026 is Rs 276.97 interbank by the State Bank. See the weighted average, riyal, dirham, euro and pound rates and forwards.
The dollar in Pakistan's interbank market closed at Rs 276.97 on Monday 12 October 2026, by the State Bank's revaluation rate. Banks traded it at a weighted average of Rs 276.69 to buy and Rs 277.12 to sell. The rupee gained about 3 paisa on Friday's close and about 10 paisa since 2 October.
We read these figures on sbp.org.pk on the evening of 12 October. The rate has now stayed near Rs 277 for two weeks, and each day it moves by a paisa or two. For a family converting Rs 100,000 worth of dollars, Monday's move is worth about Rs 11.
The dollar rate in Pakistan today is Rs 276.97 interbank
Rs 276.9736 is the State Bank's mark to market revaluation rate for 12 October 2026. This is the rate banks use to value their dollar books. The weighted average rates show what banks actually paid and charged each other during the day.
| Rate | 12 October 2026 | 9 October 2026 |
|---|---|---|
| Interbank weighted average, bid | Rs 276.6927 | Rs 276.7267 |
| Interbank weighted average, offer | Rs 277.1178 | Rs 277.1518 |
| SBP revaluation rate | Rs 276.9736 | Rs 277.0040 |
| Open market, buying | Not yet published | Rs 277.52 |
| Open market, selling | Not yet published | Rs 278.69 |
Every interbank figure fell by about 3 paisa from Friday. The open market sheet for Monday was not on sbp.org.pk when we checked, so the open market rates in this report are Friday's and are marked 9 October.
The rupee has gained about 15 paisa since 29 September
The revaluation rate has fallen on every day we have recorded since 29 September, from Rs 277.12 to Rs 276.97. A lower number means the rupee is worth slightly more. The moves are small, and the rate is nowhere near a break in either direction.
- Tuesday 29 September: Rs 277.1214.
- Friday 2 October: Rs 277.0714.
- Friday 9 October: Rs 277.0040.
- Monday 12 October: Rs 276.9736.
The fall since 29 September is about 14.8 paisa. On Rs 100,000 of dollars that is about Rs 53. In practice, nobody will notice it at the counter. The change matters more to a bank holding millions of dollars, and for that reason the State Bank's dollar purchases from banks are worth reading alongside the daily rate.
The State Bank's latest weekly reserves figure on its site is still the one as on 2 October 2026. SBP's own liquid reserves were $21,453.7 million and the total was $26,797.4 million, as set out in the reserves report for 2 October. The 9 October figure is usually posted on Thursday.
Riyal, dirham, pound and euro rates for remittance families
Saudi Arabia and the UAE are the two largest sources of money sent home to Pakistan. The State Bank's revaluation rate for 12 October puts the Saudi riyal at Rs 73.75 and the UAE dirham at Rs 75.41. The latest open market rates on sbp.org.pk, for Friday 9 October, were Rs 73.89 to buy and Rs 74.41 to sell for the riyal.
| Currency | SBP revaluation rate, 12 Oct | Open market buying, 9 Oct | Open market selling, 9 Oct |
|---|---|---|---|
| US dollar | Rs 276.97 | Rs 277.52 | Rs 278.69 |
| Saudi riyal | Rs 73.75 | Rs 73.89 | Rs 74.41 |
| UAE dirham | Rs 75.41 | Rs 75.57 | Rs 76.16 |
| British pound | Rs 366.64 | Rs 366.63 | Rs 370.07 |
| Euro | Rs 310.02 | Rs 310.68 | Rs 313.68 |
The euro fell on the revaluation sheet. It went from Rs 310.95 on Friday to Rs 310.02 on Monday, a drop of about 93 paisa. The pound fell by about 21 paisa. The riyal and dirham barely moved.
The buying column is what a dealer pays you when you sell foreign currency. At Friday's open market rate, 1,000 riyals in cash fetched about Rs 73,890, less any dealer margin. Money sent through a bank or a licensed app is converted at that provider's own rate. The way remittances are priced and received is worth checking before the next transfer, and the September remittance figure shows how large these flows are.
Forward rates show Rs 291 for a dollar one year out
The same State Bank sheet lists forward revaluation rates. These are the rates banks use to value contracts that settle on a future date. For 12 October the sheet shows Rs 280.34 for three months ahead, Rs 283.93 for six months and Rs 291.23 for one year.
These are not a forecast of where the rupee will be. A forward rate mostly reflects the gap between Pakistani and US interest rates. Pakistan's rates are higher, so a dollar for future delivery costs more rupees. The one year figure is about 5.1% above the ready rate.
An importer who books a dollar payment a year ahead pays roughly that premium to lock the rate today. The one year rate moved up by about 10 paisa from Friday's Rs 291.13, so the cost of locking in a year ahead rose very slightly even as the ready rate eased.
What to check before you change money this week
A gap of a rupee or two between a dealer's quote and the official rates is normal. On Friday's sheet the open market selling rate was about Rs 1.69 above the State Bank's revaluation rate. A gap of five rupees or more on a dollar is worth questioning, or walking away from.
- Check the date on any rate you see. Many pages show an old figure under today's date.
- Ask whether the quote is to buy or to sell. The two differ by more than a rupee.
- Compare the quote with the State Bank sheet, using the steps in the check of the dollar rate you are offered.
- Use a licensed exchange company and get a receipt. The rules for buying dollars at a counter include showing your original CNIC.
- For a card payment abroad, check the card's own conversion charge as well as the rate.
If you plan to keep dollars rather than spend them, a bank route such as a dollar account in Pakistan avoids holding cash at home.
Common questions
What is the dollar rate in Pakistan today?
The latest interbank figure is from Monday 12 October 2026: Rs 276.97 by the State Bank's revaluation rate. The latest published open market rates, for 9 October, were Rs 277.52 to buy and Rs 278.69 to sell.
Did the rupee gain or lose against the dollar today?
It gained slightly. The revaluation rate fell from Rs 277.0040 on Friday to Rs 276.9736 on Monday, a change of about 3 paisa.
What is the Saudi riyal rate in Pakistan today?
The State Bank's revaluation rate for 12 October 2026 is Rs 73.75. The latest open market rates, for 9 October, were Rs 73.89 to buy and Rs 74.41 to sell.
What is the UAE dirham rate in Pakistan today?
The State Bank's revaluation rate for 12 October 2026 is Rs 75.41. The latest open market rates, for 9 October, were Rs 75.57 to buy and Rs 76.16 to sell.
Why is the open market rate higher than the interbank rate?
A counter dealer handles cash in small amounts and prices in the cost of doing so. The interbank rate is the price between banks in large amounts.
Does a forward rate of Rs 291 mean the dollar will reach Rs 291?
No. A forward rate is the price for delivery on a future date, set by the interest rate gap. It is not a forecast of the ready rate.
How we verified this
What we checked, where we read it, and what we could not confirm.
We read the State Bank of Pakistan's home page panel and its mark to market revaluation rate sheet on 12 October 2026. The open market rates come from the Exchange Companies Association of Pakistan sheet for 9 October 2026, posted on sbp.org.pk. Rates change every business day, so check the sheet again before you transact.
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.
