Karachi, March 02, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for March 02, 2022, providing a comprehensive view of currency values against the Pakistani Rupee.
Calculated based on the weighted average rates reported by commercial banks, these rates are crucial for businesses and individuals engaged in international transactions.
Released on Wednesday, the SBP reiterated that the exchange rates are compiled and disseminated solely for informational purposes. These rates, estimated by various commercial banks, serve as a guide to the prevailing market conditions.
The indicative exchange rates provided by the banks are commonly used for commercial transactions with customers. It is important to note that these rates are subject to market fluctuations and may vary based on the specific terms of individual transactions.
Here are the buying and selling rates for major currencies against the Pakistani Rupee as of March 02, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.2880
• Selling: PKR 48.3990
• AUD (Australian Dollar):
• Buying: PKR 128.7637
• Selling: PKR 129.0571
• CAD (Canadian Dollar):
• Buying: PKR 139.3202
• Selling: PKR 139.6399
• CHF (Swiss Franc):
• Buying: PKR 192.8355
• Selling: PKR 193.2808
• CNY (Chinese Yuan):
• Buying: PKR 28.0955
• Selling: PKR 28.1560
• EUR (Euro):
• Buying: PKR 197.4283
• Selling: PKR 197.8944
• GBP (British Pound Sterling):
• Buying: PKR 236.4067
• Selling: PKR 236.9606
• JPY (Japanese Yen):
• Buying: PKR 1.5402
• Selling: PKR 1.5438
• SAR (Saudi Riyal):
• Buying: PKR 47.2479
• Selling: PKR 47.3552
• USD (United States Dollar):
• Buying: PKR 177.3702
• Selling: PKR 177.3702
These exchange rates serve as an essential tool for businesses and individuals involved in international trade, helping them make informed decisions. 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.
