The State Bank of Pakistan (SBP) has released the exchange rates for December 07, 2021, offering valuable information based on the weighted average rates of commercial banks.
These rates are based on the weighted average rates of commercial banks and are crucial for businesses and individuals involved in international transactions. The data is compiled and disseminated by the SBP for informational purposes only, providing clients with estimates quoted by various commercial banks.
The indicative exchange rates provided by the banks are essential for commercial transactions involving different currencies. Customers rely on these rates to make informed decisions about buying and selling currencies, influencing the costs associated with international trade and financial activities.
Here are the buying and selling rates for selected currencies as of December 07, 2021:
• AED (United Arab Emirates Dirham): Buying 48.0901, Selling 48.2006
• AUD (Australian Dollar): Buying 125.0030, Selling 125.2858
• CAD (Canadian Dollar): Buying 138.6524, Selling 138.9670
• CHF (Swiss Franc): Buying 190.8875, Selling 191.3179
• CNY (Chinese Yuan): Buying 27.7454, Selling 27.8056
• EUR (Euro): Buying 199.3335, Selling 199.8026
• GBP (British Pound): Buying 234.4589, Selling 235.0008
• JPY (Japanese Yen): Buying 1.5525, Selling 1.5561
• SAR (Saudi Riyal): Buying 47.0604, Selling 47.1667
• USD (United States Dollar): Buying 176.5091, Selling 176.9319
These rates reflect the exchange values provided by commercial banks to their customers for buying and selling various currencies. It is important for customers to stay informed about these rates, as they are subject to market fluctuations influenced by economic indicators and geopolitical events.
The SBP reiterated that the information shared is for reference purposes only, and customers are advised to verify the rates with their respective banks before engaging in any currency transactions.
In the ever-changing landscape of global finance, staying updated on currency exchange rates is essential for making sound financial decisions in international business and personal finance.
