Karachi, March 01, 2022: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for March 01, 2022, providing a comprehensive overview of currency values against the Pakistani Rupee.
These rates, determined based on the weighted average rates reported by commercial banks, serve as a key reference for businesses and individuals involved in international transactions.
Released on Tuesday, the SBP emphasized that the exchange rates are compiled and disseminated for informational purposes only. These rates, quoted by various commercial banks, offer valuable insights into the current market conditions.
The indicative exchange rates provided by the banks are commonly used for commercial transactions with customers. However, it is 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 March 01, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.2995
• Selling: PKR 48.4105
• AUD (Australian Dollar):
• Buying: PKR 128.7934
• Selling: PKR 129.0871
• CAD (Canadian Dollar):
• Buying: PKR 139.8689
• Selling: PKR 140.1825
• CHF (Swiss Franc):
• Buying: PKR 193.0540
• Selling: PKR 193.5007
• CNY (Chinese Yuan):
• Buying: PKR 28.1035
• Selling: PKR 28.1641
• EUR (Euro):
• Buying: PKR 198.5479
• Selling: PKR 199.0176
• GBP (British Pound Sterling):
• Buying: PKR 237.8686
• Selling: PKR 238.4266
• JPY (Japanese Yen):
• Buying: PKR 1.5403
• Selling: PKR 1.5439
• SAR (Saudi Riyal):
• Buying: PKR 47.2625
• Selling: PKR 47.3699
• USD (United States Dollar):
• Buying: PKR 177.2821
• Selling: PKR 177.7049
These exchange rates serve as a critical tool for businesses and individuals engaged in international trade, aiding them in making informed decisions. Market participants are advised to stay updated with the latest information, as exchange rates can be influenced by various factors such as economic conditions and geopolitical events. The SBP remains dedicated to ensuring transparency in the foreign exchange market, facilitating smooth transactions for all stakeholders.
