Karachi, Pakistan – The State Bank of Pakistan (SBP) has unveiled the exchange rates for December 03, 2021, providing a snapshot of the current market values.
These rates are based on the weighted average rates of commercial banks and serve as essential benchmarks for businesses and individuals involved in international transactions.
The SBP emphasizes that the exchange rate data is compiled and disseminated solely for informational purposes. These rates are indicative and are quoted by various commercial banks to their clients, offering guidance for commercial transactions.
As of December 03, 2021, the indicative exchange rates for selected currencies are as follows:
• AED (United Arab Emirates Dirham): Buying 48.1329, Selling 48.2437
• AUD (Australian Dollar): Buying 125.0722, Selling 125.3584
• CAD (Canadian Dollar): Buying 137.9576, Selling 138.2749
• CHF (Swiss Franc): Buying 191.9443, Selling 192.3762
• CNY (Chinese Yuan): Buying 27.7705, Selling 27.8307
• EUR (Euro): Buying 199.6282, Selling 200.1009
• GBP (British Pound): Buying 234.8774, Selling 235.4191
• JPY (Japanese Yen): Buying 1.5604, Selling 1.5641
• SAR (Saudi Riyal): Buying 47.1042, Selling 47.2105
• USD (United States Dollar): Buying 176.6715, Selling 177.0943
It is crucial for customers to recognize that exchange rates can vary among commercial banks, and these rates serve as estimates. The SBP encourages individuals and businesses to verify the rates directly with their respective banks before engaging in any currency transactions.
These exchange rates play a pivotal role in facilitating international trade and financial transactions. The SBP’s commitment to transparency ensures that customers have access to accurate and up-to-date information, empowering them to make informed decisions in the dynamic landscape of global finance.
The fluctuation in exchange rates is influenced by various economic factors, including interest rates, inflation, and geopolitical events. Staying informed about these rates enables businesses and individuals to adapt their financial strategies accordingly.
As the world continues to navigate economic uncertainties, the SBP remains dedicated to providing reliable data that contributes to the stability and confidence of the financial markets. The release of exchange rates is a testament to the SBP’s commitment to transparency and its role in supporting a robust financial ecosystem.
