Karachi, February 23, 2022: The State Bank of Pakistan (SBP) has published the official exchange rates for February 23, 2022, shedding light on the 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.
Issued on Wednesday, 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 provide 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 crucial 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 23, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.9613
• Selling: PKR 48.0724
• AUD (Australian Dollar):
• Buying: PKR 127.3280
• Selling: PKR 127.6155
• CAD (Canadian Dollar):
• Buying: PKR 138.1012
• Selling: PKR 138.4190
• CHF (Swiss Franc):
• Buying: PKR 191.2378
• Selling: PKR 191.6696
• CNY (Chinese Yuan):
• Buying: PKR 27.8359
• Selling: PKR 27.8972
• EUR (Euro):
• Buying: PKR 199.4332
• Selling: PKR 199.9086
• GBP (British Pound Sterling):
• Buying: PKR 239.3232
• Selling: PKR 239.8839
• JPY (Japanese Yen):
• Buying: PKR 1.5301
• Selling: PKR 1.5337
• SAR (Saudi Riyal):
• Buying: PKR 46.9273
• Selling: PKR 47.0347
• USD (United States Dollar):
• Buying: PKR 176.0384
• Selling: PKR 176.4612
These exchange rates offer valuable information 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.
