Karachi, February 02, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for February 02, 2022, offering critical information on currency values against the Pakistani Rupee.
These rates, computed based on the weighted average rates reported by commercial banks, play a pivotal role for businesses and individuals involved in international transactions.
Published on Wednesday, 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 02, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.9771
• Selling: PKR 48.0881
• AUD (Australian Dollar):
• Buying: PKR 125.6640
• Selling: PKR 125.9531
• CAD (Canadian Dollar):
• Buying: PKR 138.8455
• Selling: PKR 139.1589
• CHF (Swiss Franc):
• Buying: PKR 191.1746
• Selling: PKR 191.6223
• CNY (Chinese Yuan):
• Buying: PKR 27.7148
• Selling: PKR 27.7753
• EUR (Euro):
• Buying: PKR 198.5517
• Selling: PKR 199.0135
• GBP (British Pound Sterling):
• Buying: PKR 238.1394
• Selling: PKR 238.6910
• JPY (Japanese Yen):
• Buying: PKR 1.5347
• Selling: PKR 1.5383
• SAR (Saudi Riyal):
• Buying: PKR 46.9474
• Selling: PKR 47.0548
• USD (United States Dollar):
• Buying: PKR 176.1004
• Selling: PKR 176.5232
These exchange rates offer essential insights for businesses and individuals engaged in international trade and finance. Participants in the foreign exchange market are advised 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.
