Karachi, February 18, 2022: The State Bank of Pakistan (SBP) has announced the official exchange rates for February 18, 2022, offering insights into 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 Friday, 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 a snapshot of the current market conditions.
The indicative exchange rates offered by 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 18, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.8005
• Selling: PKR 47.9112
• AUD (Australian Dollar):
• Buying: PKR 126.3261
• Selling: PKR 126.6273
• CAD (Canadian Dollar):
• Buying: PKR 138.2068
• Selling: PKR 138.5263
• CHF (Swiss Franc):
• Buying: PKR 190.3740
• Selling: PKR 190.8214
• CNY (Chinese Yuan):
• Buying: PKR 27.7188
• Selling: PKR 27.7793
• EUR (Euro):
• Buying: PKR 199.4575
• Selling: PKR 199.9334
• GBP (British Pound Sterling):
• Buying: PKR 238.7125
• Selling: PKR 239.2915
• JPY (Japanese Yen):
• Buying: PKR 1.5226
• Selling: PKR 1.5261
• SAR (Saudi Riyal):
• Buying: PKR 46.7649
• Selling: PKR 46.8723
• USD (United States Dollar):
• Buying: PKR 175.4368
• Selling: PKR 175.8596
These exchange rates serve as valuable 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.
