Karachi, February 24, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 24, 2022, offering insights into currency values against the Pakistani Rupee.
These rates, calculated based on the weighted average rates reported by commercial banks, play a crucial role for businesses and individuals engaged 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 offered by banks are commonly utilized 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 24, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 47.9576
• Selling: PKR 48.0686
• AUD (Australian Dollar):
• Buying: PKR 126.6368
• Selling: PKR 126.9277
• CAD (Canadian Dollar):
• Buying: PKR 137.7489
• Selling: PKR 138.0598
• CHF (Swiss Franc):
• Buying: PKR 191.6676
• Selling: PKR 192.1130
• CNY (Chinese Yuan):
• Buying: PKR 27.8663
• Selling: PKR 27.9331
• EUR (Euro):
• Buying: PKR 197.9194
• Selling: PKR 198.3904
• GBP (British Pound Sterling):
• Buying: PKR 237.7093
• Selling: PKR 238.2705
• JPY (Japanese Yen):
• Buying: PKR 1.5365
• Selling: PKR 1.5401
• SAR (Saudi Riyal):
• Buying: PKR 46.9258
• Selling: PKR 47.0332
• USD (United States Dollar):
• Buying: PKR 176.0272
• Selling: PKR 176.4500
These exchange rates offer valuable information for businesses and individuals involved in international trade and finance. Participants 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.
