Karachi, Pakistan – The State Bank of Pakistan (SBP) released the official exchange rates for December 13, 2021, providing customers with valuable insights into currency values based on the weighted average rates of commercial banks.
This information serves as a reference for individuals and businesses engaged in international transactions, aiding in currency conversions and cross-border dealings.
The SBP reiterated that the data is compiled and disseminated exclusively for informational purposes. These exchange rates are indicative quotes provided by various commercial banks to their clients, serving as benchmarks for currency transactions in the market.
Commercial banks play a crucial role in this process by offering indicative exchange rates for commercial transactions with customers. These rates influence the cost of international goods and services, impacting businesses and consumers alike.
Here are the buying and selling rates for selected currencies as of December 13, 2021:
• AED (United Arab Emirates Dirham): Buying 48.4262, Selling 48.5370
• AUD (Australian Dollar): Buying 127.4284, Selling 127.7140
• CAD (Canadian Dollar): Buying 139.7480, Selling 140.0600
• CHF (Swiss Franc): Buying 192.7967, Selling 193.2280
• CNY (Chinese Yuan): Buying 27.9713, Selling 28.0317
• EUR (Euro): Buying 200.7887, Selling 201.2511
• GBP (British Pound): Buying 235.4575, Selling 236.0081
• JPY (Japanese Yen): Buying 1.5660, Selling 1.5696
• SAR (Saudi Riyal): Buying 47.3867, Selling 47.4978
• USD (United States Dollar): Buying 177.7488, Selling 178.1716
These rates represent the exchange values provided by commercial banks to their customers for buying and selling various currencies. Customers are advised to stay informed about these rates, as they can fluctuate based on market dynamics, geopolitical events, and economic indicators.
The SBP emphasized that the information shared is for reference purposes only, and customers are encouraged to verify the rates with their respective banks before engaging in any currency transactions.
As currency exchange rates continue to play a crucial role in the global economy, businesses and individuals are urged to monitor these rates regularly to make well-informed financial decisions in the ever-evolving landscape of global markets.
