Karachi, February 28, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for February 28, 2022, offering a snapshot of currency values against the Pakistani Rupee.
These rates, based on the weighted average rates reported by commercial banks, serve as a critical reference for businesses and individuals engaged in international transactions.
Released on Monday, the SBP clarified that the exchange rates are compiled and disseminated solely for informational purposes. These rates, quoted by various commercial banks, provide valuable insights into the prevailing market conditions.
The indicative exchange rates provided by the banks are typically used for commercial transactions with customers. However, it’s important to note that these rates may fluctuate based on 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 28, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.2874
• Selling: PKR 48.3984
• AUD (Australian Dollar):
• Buying: PKR 127.3506
• Selling: PKR 127.6401
• CAD (Canadian Dollar):
• Buying: PKR 138.5769
• Selling: PKR 138.8933
• CHF (Swiss Franc):
• Buying: PKR 191.4021
• Selling: PKR 191.8319
• CNY (Chinese Yuan):
• Buying: PKR 28.1021
• Selling: PKR 28.1627
• EUR (Euro):
• Buying: PKR 197.7743
• Selling: PKR 198.2410
• GBP (British Pound Sterling):
• Buying: PKR 236.7713
• Selling: PKR 237.3281
• JPY (Japanese Yen):
• Buying: PKR 1.5341
• Selling: PKR 1.5376
• SAR (Saudi Riyal):
• Buying: PKR 47.2476
• Selling: PKR 47.3550
• USD (United States Dollar):
• Buying: PKR 177.2594
• Selling: PKR 177.6822
These exchange rates offer essential information for businesses and individuals involved in international trade and finance. Participants in the foreign exchange market 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.
