Karachi, March 07, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for March 07, 2022, presenting a snapshot of currency values against the Pakistani Rupee.
These rates, calculated based on the weighted average rates reported by commercial banks, are a vital resource for businesses and individuals engaged in international transactions.
Issued on Monday, the SBP clarified that the exchange rates are compiled and disseminated solely for informational purposes. These rates are estimates quoted by various commercial banks to their clients, providing insight into the prevailing market conditions.
The indicative exchange rates provided by the banks are commonly used for commercial transactions with customers. However, it’s essential to note 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 07, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.4686
• Selling: PKR 48.5790
• AUD (Australian Dollar):
• Buying: PKR 131.9376
• Selling: PKR 132.2371
• CAD (Canadian Dollar):
• Buying: PKR 139.9654
• Selling: PKR 140.2777
• CHF (Swiss Franc):
• Buying: PKR 193.2872
• Selling: PKR 193.7313
• CNY (Chinese Yuan):
• Buying: PKR 28.1655
• Selling: PKR 28.2280
• EUR (Euro):
• Buying: PKR 193.6171
• Selling: PKR 194.0632
• GBP (British Pound Sterling):
• Buying: PKR 235.1113
• Selling: PKR 235.6603
• JPY (Japanese Yen):
• Buying: PKR 1.5477
• Selling: PKR 1.5513
• SAR (Saudi Riyal):
• Buying: PKR 47.4208
• Selling: PKR 47.5282
• USD (United States Dollar):
• Buying: PKR 177.8994
• Selling: PKR 178.3222
These exchange rates offer valuable insights into the current state of currency values, aiding businesses and individuals in making informed decisions regarding international transactions. Participants in the foreign exchange market are reminded to stay informed about the latest updates, 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.
