Karachi, February 01, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 01, 2022, providing crucial information on currency values against the Pakistani Rupee.
These rates, determined based on the weighted average rates reported by commercial banks, are essential for businesses and individuals involved in international transactions.
Released on Tuesday, the SBP clarified that the exchange rates are compiled and disseminated exclusively for informational purposes. These rates, quoted by various commercial banks, serve as estimates and provide insight into the prevailing market conditions.
The indicative exchange rates provided by the banks are commonly used for commercial transactions with customers. However, participants in the foreign exchange market should be aware that these rates may fluctuate due to market dynamics and the specific terms of individual transactions.
Here are the buying and selling rates for major currencies against the Pakistani Rupee as of February 01, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.9759
• Selling: PKR 48.0869
• AUD (Australian Dollar):
• Buying: PKR 124.3704
• Selling: PKR 124.6527
• CAD (Canadian Dollar):
• Buying: PKR 138.6713
• Selling: PKR 138.9844
• CHF (Swiss Franc):
• Buying: PKR 190.3136
• Selling: PKR 190.7425
• CNY (Chinese Yuan):
• Buying: PKR 27.7146
• Selling: PKR 27.7752
• EUR (Euro):
• Buying: PKR 197.9734
• Selling: PKR 198.4342
• GBP (British Pound Sterling):
• Buying: PKR 236.8852
• Selling: PKR 237.4397
• JPY (Japanese Yen):
• Buying: PKR 1.5313
• Selling: PKR 1.5349
• SAR (Saudi Riyal):
• Buying: PKR 46.9423
• Selling: PKR 47.0497
• USD (United States Dollar):
• Buying: PKR 176.0913
• Selling: PKR 176.5141
These exchange rates offer essential information for businesses and individuals engaged in international trade and finance. Participants in the foreign exchange market are encouraged to stay updated with the latest information, as exchange rates can be influenced by various factors, including economic conditions and geopolitical events. The SBP remains dedicated to ensuring transparency in the foreign exchange market, facilitating smooth transactions for all stakeholders.
