Dollar Rate in Pakistan Today: Rs 276.86 Interbank on 21 October, Down About 11 Paisa Since 12 October

The dollar in Pakistan's interbank market stood at Rs 276.86 on Wednesday 21 October 2026, by the State Bank's revaluation rate, about 1 paisa below Tuesday's Rs 276.87. Banks traded it at a weighted average of Rs 276.55 to buy and Rs 277.01 to sell. The dollar rate in Pakistan today is about 11 paisa lower than on 12 October.

We read the State Bank of Pakistan (SBP) home page panel on the evening of 21 October, and its revaluation sheet for 20 October. The panel is labelled "As on 21 Oct 2026". For a family converting Rs 100,000, the move since 12 October is worth about 15 US cents, so nobody will notice it at the counter.

The dollar rate in Pakistan today is Rs 276.86 interbank

Rs 276.8611 is SBP's mark to market revaluation rate for 21 October. It is the rate banks use to value their dollar books. The weighted average rates, Rs 276.5504 bid and Rs 277.0072 offer, show what banks charged each other during trading.

The gap between the bid and offer is about 46 paisa. We did not read the weighted average for 20 October, so those cells stay marked as not read. The 12 October column comes from our dollar rate report for 12 October.

The rupee has gained about 26 paisa since 29 September

The revaluation rate was Rs 277.1214 on 29 September. It is now Rs 276.8611, a fall of about 26 paisa. A lower number means the rupee is worth slightly more. The move since 12 October is about 11 paisa, and since Tuesday about 1 paisa.

These are small steps. The rate has stayed in a narrow band near Rs 277 for about three weeks. For a family converting $1,000, the Rs 276,861 that 21 October's rate gives is about Rs 112 less than the Rs 276,974 it gave on 12 October.

1. 29 September: Rs 277.1214.
2. 12 October: Rs 276.9736.
3. 20 October: Rs 276.8714.
4. 21 October: Rs 276.8611.

Riyal, dirham, euro and pound rates on the latest SBP sheet

The latest SBP revaluation sheet we could open is dated 20 October. It puts the Saudi riyal at Rs 73.81, the UAE dirham at Rs 75.39, the euro at Rs 310.57 and the pound at Rs 369.50. The sheet for 21 October was not readable when we checked.

The pound has gained about Rs 2.86 against the rupee since 12 October, the biggest move on the list. The riyal and dirham, the two currencies that matter most for remittance families, moved by less than 7 paisa each. Our September remittance report shows how large those flows are.

For a family in Saudi Arabia sending 1,000 riyals home, the revaluation rate of Rs 73.81 gives about Rs 73,813. A bank or app will pay its own rate, usually lower. To judge a quote, follow the steps in checking the dollar rate you are offered.

The policy rate is unchanged at 11.5 percent

SBP's home page still shows a policy rate of 11.50%, a ceiling of 12.50% and a floor of 10.50% for its interest rate corridor. The policy committee kept the rate unchanged at 11.5% on 14 September. The weighted average overnight repo rate was 11.17% on 20 October.

The next committee date is listed in the October meeting report. Until then, the dollar rate moves on bank flows rather than a rate decision. SBP's purchases of dollars from banks are explained in its interbank intervention explainer.

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. A gap of five rupees or more on a dollar deserves a question. Always ask whether the quote is to buy or to sell, because the two differ.

1. Check the date on any rate you see. Many pages show an old figure under today's date.
2. Use a licensed exchange company and get a receipt.
3. Compare the quote with SBP's revaluation rate of Rs 276.86.
4. For card payments abroad, check the card's own conversion charge.

We did not read the open market sheet for 21 October, so this report gives no counter rates. The latest figures we recorded are in the 12 October report linked above.

Common questions

What is the dollar rate in Pakistan today?

The State Bank's revaluation rate for 21 October 2026 is Rs 276.8611, according to its home page panel.

Did the rupee gain against the dollar today?

Slightly. The rate was Rs 276.8714 on 20 October, so the fall is about 1 paisa.

What are the interbank bid and offer rates?

The weighted average was Rs 276.5504 bid and Rs 277.0072 offer on 21 October.

What is the Saudi riyal rate in Pakistan today?

The latest SBP revaluation rate we could open, for 20 October, is Rs 73.8127 per riyal.

Why is the open market rate higher than the interbank rate?

A counter dealer handles small amounts of cash and prices in that cost. The interbank rate is the price between banks.

How we verified this

What we checked, where we read it, and what we could not confirm.

We read SBP's home page panel on the evening of 21 October 2026 (USD/PKR section) and its mark to market revaluation sheet for 20 October 2026, a PDF on sbp.org.pk. The 21 October sheet returned an empty file when we checked. We read no open market rates for 21 October. Rates change every business day, so check SBP's sheet again before you transact.