Karachi, February 22, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for February 22, 2022, providing insights into currency values against the Pakistani Rupee.
These rates, based on the weighted average rates reported by commercial banks, are essential for businesses and individuals involved in international transactions.
Released on Tuesday, the SBP clarified that the exchange rates are compiled and disseminated solely for informational purposes. These rates, quoted by various commercial banks, are estimates and offer a snapshot of the current market conditions.
The indicative exchange rates provided by the banks are commonly used for commercial transactions with customers. However, it’s important to note 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 22, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.9585
• Selling: PKR 48.0696
• AUD (Australian Dollar):
• Buying: PKR 126.8017
• Selling: PKR 127.0900
• CAD (Canadian Dollar):
• Buying: PKR 138.0834
• Selling: PKR 138.3955
• CHF (Swiss Franc):
• Buying: PKR 192.1651
• Selling: PKR 192.5986
• CNY (Chinese Yuan):
• Buying: PKR 27.7778
• Selling: PKR 27.8444
• EUR (Euro):
• Buying: PKR 199.0221
• Selling: PKR 199.4860
• GBP (British Pound Sterling):
• Buying: PKR 239.3004
• Selling: PKR 239.8542
• JPY (Japanese Yen):
• Buying: PKR 1.5343
• Selling: PKR 1.5379
• SAR (Saudi Riyal):
• Buying: PKR 46.9258
• Selling: PKR 47.0327
• USD (United States Dollar):
• Buying: PKR 176.0305
• Selling: PKR 176.4533
These exchange rates serve as crucial 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 committed to ensuring transparency in the foreign exchange market, facilitating smooth transactions for all stakeholders.
