Customers’ exchange rates on March 03, 2022

Customers’ exchange rates on March 03, 2022

Karachi, March 03, 2022: The State Bank of Pakistan (SBP) has issued the official exchange rates for March 03, 2022, providing an overview of currency values against the Pakistani Rupee.

These rates, based on the weighted average rates reported by commercial banks, serve as a crucial reference for businesses and individuals engaged in international transactions.

Released on Thursday, the SBP reiterated that the exchange rates are compiled and disseminated solely for informational purposes. These rates are estimates quoted by various commercial banks to their clients, offering valuable insights into the current market conditions.

The indicative exchange rates provided by the banks are widely used for commercial transactions with customers. However, market participants are advised to consider 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 March 03, 2022:

• AED (United Arab Emirates Dirham):

• Buying: PKR 48.3681

• Selling: PKR 48.4792

• AUD (Australian Dollar):

• Buying: PKR 129.7723

• Selling: PKR 130.0776

• CAD (Canadian Dollar):

• Buying: PKR 140.6476

• Selling: PKR 140.9708

• CHF (Swiss Franc):

• Buying: PKR 192.9391

• Selling: PKR 193.3722

• CNY (Chinese Yuan):

• Buying: PKR 28.1178

• Selling: PKR 28.1784

• EUR (Euro):

• Buying: PKR 197.1090

• Selling: PKR 197.5636

• GBP (British Pound Sterling):

• Buying: PKR 238.0282

• Selling: PKR 238.5985

• JPY (Japanese Yen):

• Buying: PKR 1.5346

• Selling: PKR 1.5382

• SAR (Saudi Riyal):

• Buying: PKR 47.3265

• Selling: PKR 47.4339

• USD (United States Dollar):

• Buying: PKR 177.5322

• Selling: PKR 177.9550

These exchange rates serve as a valuable tool for businesses and individuals engaged in international trade and finance, allowing them to make informed decisions. As with any financial 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 committed to ensuring transparency in the foreign exchange market, facilitating smooth transactions for all stakeholders.