Iranian Rial Continues to Weaken Against Pakistani Rupee Amid Ongoing Currency Decline
Islamabad: The Iranian rial has continued its downward trend, further weakening against the Pakistani rupee as the Central Bank of Iran released its latest official exchange rates.
According to the latest official figures issued on July 27, 2026, the official exchange rate for the U.S. dollar rose to 1,436,205 Iranian rials, while the euro was priced at 1,633,131 Iranian rials, reflecting the continued depreciation of the Iranian currency.
The central bank’s data also showed that PKR 100 is officially valued at 517,104 Iranian rials, meaning one Pakistani rupee equals approximately 5,171 Iranian rials, highlighting the Pakistani currency’s relatively stronger position against the rial.
Meanwhile, the report noted that the open market in Iran continues to trade the U.S. dollar at a significantly higher rate, ranging between 1.86 million and 1.89 million Iranian rials per dollar, indicating a substantial gap between official and market exchange rates.
Currency dealers in Pakistan said the value of the Iranian rial also differs in the local open market. According to traders, a bundle containing 10 million Iranian rials is currently being sold for approximately PKR 4,500 to PKR 5,000, largely due to differences between official and unofficial exchange rates in the two countries.
Currency market experts have advised traders engaged in Pakistan-Iran trade to exercise caution, saying the rial’s continued volatility makes it essential to verify the latest exchange rates with licensed exchange companies before carrying out financial transactions to avoid potential losses.
