Karachi, March 09, 2022: The State Bank of Pakistan (SBP) has released the official exchange rates for March 09, 2022, providing a glimpse into the 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.
Issued on Wednesday, the SBP emphasized that the exchange rates are compiled and disseminated for informational purposes only. They represent estimates quoted by various commercial banks to their clients and are indicative of the current market conditions.
The exchange rates provided by the banks are indicative and are commonly used for commercial transactions with customers. 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 09, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.6057
• Selling: PKR 48.7168
• AUD (Australian Dollar):
• Buying: PKR 129.9674
• Selling: PKR 130.2749
• CAD (Canadian Dollar):
• Buying: PKR 138.5458
• Selling: PKR 138.8544
• CHF (Swiss Franc):
• Buying: PKR 192.2465
• Selling: PKR 192.6876
• CNY (Chinese Yuan):
• Buying: PKR 28.2440
• Selling: PKR 28.3044
• EUR (Euro):
• Buying: PKR 194.8839
• Selling: PKR 195.3428
• GBP (British Pound Sterling):
• Buying: PKR 234.0697
• Selling: PKR 234.6192
• JPY (Japanese Yen):
• Buying: PKR 1.5411
• Selling: PKR 1.5447
• SAR (Saudi Riyal):
• Buying: PKR 47.5609
• Selling: PKR 47.6677
• USD (United States Dollar):
• Buying: PKR 178.4047
• Selling: PKR 178.8275
These exchange rates offer valuable insights into the prevailing currency values and are instrumental for businesses and individuals involved in cross-border transactions. As with any financial market, participants are advised to stay informed about the latest updates, 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.
