Karachi, Pakistan – The State Bank of Pakistan (SBP) has published the exchange rates for December 09, 2021, providing valuable insights for customers based on the weighted average rates of commercial banks.
This information is crucial for businesses and individuals engaged in international transactions, aiding in informed decision-making regarding currency exchanges.
The SBP emphasized that the data is compiled and disseminated solely for informational purposes. The exchange rates presented are estimates quoted by various commercial banks to their clients, offering indicative values for commercial transactions in the market.
Commercial banks, working in collaboration with the SBP, play a pivotal 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 09, 2021:
• AED (United Arab Emirates Dirham): Buying 48.3920, Selling 48.5028
• AUD (Australian Dollar): Buying 127.5536, Selling 127.8395
• CAD (Canadian Dollar): Buying 140.2816, Selling 140.5954
• CHF (Swiss Franc): Buying 192.9321, Selling 193.3720
• CNY (Chinese Yuan): Buying 28.0336, Selling 28.0940
• EUR (Euro): Buying 201.3077, Selling 201.7713
• GBP (British Pound): Buying 234.6811, Selling 235.2414
• JPY (Japanese Yen): Buying 1.5633, Selling 1.5668
• SAR (Saudi Riyal): Buying 47.3563, Selling 47.4638
• USD (United States Dollar): Buying 177.6220, Selling 178.0448
These rates reflect the exchange values provided by commercial banks to their customers for buying and selling various currencies. Customers are encouraged 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 dynamic landscape of global finance, staying updated on currency exchange rates is essential for making sound financial decisions in international business and personal finance.
