Karachi, February 17, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 17, 2022, offering crucial information on currency values against the Pakistani Rupee.
These rates, based on the weighted average rates reported by commercial banks, play a vital role for businesses and individuals involved in international transactions.
Released on Thursday, the SBP reiterated that the exchange rates are compiled and disseminated exclusively for informational purposes. These rates, quoted by various commercial banks, serve as estimates and provide an overview of 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 17, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.7161
• Selling: PKR 47.8268
• AUD (Australian Dollar):
• Buying: PKR 125.8503
• Selling: PKR 126.1498
• CAD (Canadian Dollar):
• Buying: PKR 137.7909
• Selling: PKR 138.1101
• CHF (Swiss Franc):
• Buying: PKR 190.0265
• Selling: PKR 190.4710
• CNY (Chinese Yuan):
• Buying: PKR 27.6658
• Selling: PKR 27.7268
• EUR (Euro):
• Buying: PKR 198.9257
• Selling: PKR 199.4019
• GBP (British Pound Sterling):
• Buying: PKR 237.8621
• Selling: PKR 238.4290
• JPY (Japanese Yen):
• Buying: PKR 1.5194
• Selling: PKR 1.5231
• SAR (Saudi Riyal):
• Buying: PKR 46.6816
• Selling: PKR 46.7879
• USD (United States Dollar):
• Buying: PKR 175.1342
• Selling: PKR 175.5570
These exchange rates are crucial for businesses and individuals engaged in international trade and finance, aiding them in making informed decisions. 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.
