Karachi, Pakistan – The State Bank of Pakistan (SBP) has released the exchange rates for December 08, 2021, offering valuable information based on the weighted average rates of commercial banks.
This data is crucial for businesses and individuals engaged in international transactions, providing insights for making informed decisions regarding currency exchanges.
The SBP clarified that the data is compiled and disseminated exclusively for informational purposes. These exchange rates are estimates quoted by various commercial banks to their clients, serving as indicative values for commercial transactions in the market.
Commercial banks, in collaboration with the SBP, play a crucial role in determining indicative exchange rates for various currencies. These rates serve as benchmarks for transactions, influencing the costs associated with international trade and financial activities.
Here are the buying and selling rates for selected currencies as of December 08, 2021:
• AED (United Arab Emirates Dirham): Buying 48.2551, Selling 48.3657
• AUD (Australian Dollar): Buying 126.2726, Selling 126.5570
• CAD (Canadian Dollar): Buying 140.0463, Selling 140.3605
• CHF (Swiss Franc): Buying 191.7652, Selling 192.1959
• CNY (Chinese Yuan): Buying 27.9105, Selling 27.9709
• EUR (Euro): Buying 200.0391, Selling 200.5090
• GBP (British Pound): Buying 234.7550, Selling 235.3091
• JPY (Japanese Yen): Buying 1.5603, Selling 1.5639
• SAR (Saudi Riyal): Buying 47.2223, Selling 47.3286
• USD (United States Dollar): Buying 177.1172, Selling 177.5400
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.
