Karachi, Pakistan – The State Bank of Pakistan (SBP) has published the exchange rates for December 10, 2021, providing customers with valuable information based on the weighted average rates of commercial banks.
This data is crucial for businesses and individuals engaged in international transactions, helping them navigate currency values and make informed financial decisions.
The SBP emphasized that the information is compiled and disseminated solely for informational purposes. The exchange rates are estimates quoted by various commercial banks to their clients, offering indicative values for commercial transactions in the market.
Commercial banks, in collaboration with the SBP, play a pivotal role in providing 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 10, 2021:
• AED (United Arab Emirates Dirham): Buying 48.4434, Selling 48.5542
• AUD (Australian Dollar): Buying 127.1290, Selling 127.4147
• CAD (Canadian Dollar): Buying 139.8776, Selling 140.1893
• CHF (Swiss Franc): Buying 192.4270, Selling 192.8576
• CNY (Chinese Yuan): Buying 27.9737, Selling 28.0339
• EUR (Euro): Buying 200.9314, Selling 201.4008
• GBP (British Pound): Buying 235.0508, Selling 235.5895
• JPY (Japanese Yen): Buying 1.5665, Selling 1.5701
• SAR (Saudi Riyal): Buying 47.3183, Selling 47.4257
• USD (United States Dollar): Buying 177.8085, Selling 178.2313
These rates represent 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.
As the global economy continues to be impacted by various factors, staying abreast of currency exchange rates remains essential for making sound financial decisions in international business and personal finance.
