Karachi, February 21, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 21, 2022, providing important information on currency values against the Pakistani Rupee.
Calculated based on the weighted average rates reported by commercial banks, these rates are crucial for businesses and individuals involved in international transactions.
Released on Monday, the SBP emphasized that the exchange rates are compiled and disseminated solely for informational purposes. These rates, quoted by various commercial banks, serve as estimates and offer a glimpse 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 21, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.8380
• Selling: PKR 47.9490
• AUD (Australian Dollar):
• Buying: PKR 126.6991
• Selling: PKR 126.9906
• CAD (Canadian Dollar):
• Buying: PKR 137.9849
• Selling: PKR 138.2957
• CHF (Swiss Franc):
• Buying: PKR 190.8695
• Selling: PKR 191.3136
• CNY (Chinese Yuan):
• Buying: PKR 27.7605
• Selling: PKR 27.8209
• EUR (Euro):
• Buying: PKR 199.5843
• Selling: PKR 200.0489
• GBP (British Pound Sterling):
• Buying: PKR 239.1616
• Selling: PKR 239.7163
• JPY (Japanese Yen):
• Buying: PKR 1.5274
• Selling: PKR 1.5309
• SAR (Saudi Riyal):
• Buying: PKR 46.8008
• Selling: PKR 46.9064
• USD (United States Dollar):
• Buying: PKR 175.5848
• Selling: PKR 176.0076
These exchange rates are crucial for businesses and individuals engaged in international trade and finance, helping them make 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.
