Karachi, February 04, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 04, 2022, providing essential information on currency values against the Pakistani Rupee.
These rates, calculated based on the weighted average rates reported by commercial banks, play a crucial role for businesses and individuals involved in international transactions.
Released on Friday, the SBP emphasized 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 current 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 04, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.4928
• Selling: PKR 47.6035
• AUD (Australian Dollar):
• Buying: PKR 124.4280
• Selling: PKR 124.7137
• CAD (Canadian Dollar):
• Buying: PKR 137.4737
• Selling: PKR 137.7935
• CHF (Swiss Franc):
• Buying: PKR 189.3960
• Selling: PKR 189.8489
• CNY (Chinese Yuan):
• Buying: PKR 27.4415
• Selling: PKR 27.5014
• EUR (Euro):
• Buying: PKR 199.8185
• Selling: PKR 200.2878
• GBP (British Pound Sterling):
• Buying: PKR 236.9689
• Selling: PKR 237.5235
• JPY (Japanese Yen):
• Buying: PKR 1.5167
• Selling: PKR 1.5203
• SAR (Saudi Riyal):
• Buying: PKR 46.4721
• Selling: PKR 46.5788
• USD (United States Dollar):
• Buying: PKR 174.3185
• Selling: PKR 174.7413
These exchange rates provide valuable insights for businesses and individuals engaged in international trade and finance. Market participants 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 committed to ensuring transparency in the foreign exchange market, facilitating smooth transactions for all stakeholders.
