ISLAMABAD: The Iranian Rial continued to weaken against the Pakistani rupee, raising fresh concerns for traders and investors involved in Iran-related currency transactions. The latest decline comes after a short-lived rally seen in Pakistan’s market last month.
According to the latest market estimates, the value of 10 million Iranian rials has dropped to around Rs4,500 to Rs5,000 in Pakistan’s open market. The sharp fall is a setback for buyers who purchased large amounts of the currency during its recent surge.
Recent figures released by Iran’s central bank show that the official exchange rate of the US dollar reached 1,436,205 Iranian rials on July 30, 2026. This was higher than the previous official rate of 1,421,105 rials. The official euro exchange rate also increased to 1,633,131 rials.
In the open market, the US dollar was trading at around 1,517,870 rials. The euro was valued at nearly 1,725,994 rials. These figures highlight the continued weakness of the Iranian Rial against major international currencies.
Currency data also showed that 100 Pakistani rupees are now equal to about 517,104 Iranian rials. This means one Pakistani rupee is worth nearly 5,171 Iranian rials, reflecting the stronger position of the Pakistani currency.
A significant gap remains between Iran’s official and unofficial exchange rates. In the unofficial market, the US dollar is being traded between 1.86 million and 1.89 million rials. This is much higher than the official exchange rate announced by the authorities.
The wide difference between official and market rates indicates ongoing pressure on Iran’s currency. Analysts believe this gap reflects continued uncertainty in the country’s foreign exchange market.
The recent decline has also reversed gains seen only weeks ago. Last month, demand for the Iranian Rial increased sharply in Pakistan after signs of improving stability in the Middle East. During that period, buyers reportedly purchased around 3 trillion rials within a single week.
Strong buying pushed the value of 10 million Iranian rials to between Rs7,500 and Rs8,000 in Pakistan’s open market. However, the latest fall has erased much of those gains, with the same amount now worth almost half that value.
Market observers say exchange rates may continue to fluctuate as regional developments and investor sentiment change. Traders are closely monitoring both official announcements and open market movements before making new currency decisions.
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The latest decline highlights the volatility surrounding the Iranian Rial and the challenges facing those involved in cross-border currency trading. Investors are expected to remain cautious until exchange rate stability improves.
