Karachi, March 08, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for March 08, 2022, shedding light on the currency values against the Pakistani Rupee.
These rates, calculated based on the weighted average rates reported by commercial banks, are a crucial reference for businesses and individuals involved in international transactions.
Issued on Tuesday, the SBP reiterated that the exchange rates are compiled and disseminated for informational purposes only. These rates are estimates quoted by various commercial banks to their clients, serving as a guide to the prevailing market conditions.
The exchange rates provided by the banks are indicative and are typically 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 08, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.5992
• Selling: PKR 48.7103
• AUD (Australian Dollar):
• Buying: PKR 130.0285
• Selling: PKR 130.3334
• CAD (Canadian Dollar):
• Buying: PKR 139.1151
• Selling: PKR 139.4316
• CHF (Swiss Franc):
• Buying: PKR 192.6770
• Selling: PKR 193.1264
• CNY (Chinese Yuan):
• Buying: PKR 28.2601
• Selling: PKR 28.3227
• EUR (Euro):
• Buying: PKR 193.7676
• Selling: PKR 194.2235
• GBP (British Pound Sterling):
• Buying: PKR 233.9082
• Selling: PKR 234.4541
• JPY (Japanese Yen):
• Buying: PKR 1.5449
• Selling: PKR 1.5485
• SAR (Saudi Riyal):
• Buying: PKR 47.5529
• Selling: PKR 47.6597
• USD (United States Dollar):
• Buying: PKR 178.3826
• Selling: PKR 178.8054
These exchange rates offer valuable insights into the current currency values, assisting businesses and individuals in making informed decisions regarding international transactions. Market participants are advised to stay updated with the latest information, as exchange rates are influenced by various factors, including economic conditions and geopolitical events. The SBP continues to prioritize transparency in the foreign exchange market to facilitate smooth transactions for all stakeholders.
