As of January 31, 2026, the Canadian Dollar has continued its upward movement against the Pakistani Rupee, with the interbank exchange rate settling around 206.43. This steady appreciation reflects a positive trend for the Pakistani diaspora in Canada, particularly those sending remittances back home at the end of the month.
The Canadian Dollar started January near 203.74, recording a monthly gain of approximately 1.32%. The momentum accelerated in the final week, as the rate climbed from 204.16 on January 27 to its current level, marking a rise of more than 1.1% in just a few days. This late-month surge highlights ongoing pressure on the Pakistani Rupee and its sensitivity to external economic factors.
Often described as a commodity-linked currency, the Canadian Dollar draws strength from Canada’s energy exports and broader trade performance. As a G7 currency, it offers relative stability compared to many emerging market currencies. In contrast, the Pakistani Rupee operates under a floating exchange regime, with its value influenced by foreign exchange reserves, import payments, remittance inflows, and overall economic sentiment.
For Pakistanis living in cities such as Toronto, Mississauga, Vancouver, and Calgary, the current exchange rate presents a favorable opportunity for remittances. Sending 1,000 Canadian Dollars at today’s rate converts to roughly 206,430 Pakistani Rupees, nearly 2,700 Rupees more than what the same transfer would have yielded at the start of the month. This additional amount can provide some relief for families in Pakistan facing higher living costs, including food, fuel, and utility expenses.
While the interbank rate stands at 206.43, open market rates are typically slightly higher, often trading two to three Rupees above the official rate depending on demand and exchange service providers. For individuals planning larger financial commitments in Pakistan, such as property purchases or education-related expenses, the current strength of the Canadian Dollar offers improved value. However, given the recent volatility in the Rupee, it may be wise to keep an eye on early February economic data, which could influence short-term currency movements.
