Karachi, March 10, 2022: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for March 10, 2022, providing a comprehensive overview of the currency values against the Pakistani Rupee.
These rates, calculated on the basis of weighted average rates from commercial banks, are a vital resource for businesses and individuals involved in international transactions.
The data, released on Thursday, emphasizes that these exchange rates are compiled and disseminated for informational purposes only. They represent estimates quoted by various commercial banks to their clients, serving as a benchmark for the financial community.
The exchange rates offered by banks are indicative and are primarily utilized for commercial transactions with customers. These rates, while helpful for providing a general understanding of currency values, may vary due to market fluctuations and the specific terms of individual transactions.
Here are the buying and selling rates for major currencies against the Pakistani Rupee as of March 10, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.6083
• Selling: PKR 48.7193
• AUD (Australian Dollar):
• Buying: PKR 130.7397
• Selling: PKR 131.0354
• CAD (Canadian Dollar):
• Buying: PKR 139.2277
• Selling: PKR 139.5386
• CHF (Swiss Franc):
• Buying: PKR 192.4008
• Selling: PKR 192.8422
• CNY (Chinese Yuan):
• Buying: PKR 28.2415
• Selling: PKR 28.3019
• EUR (Euro):
• Buying: PKR 197.3334
• Selling: PKR 197.7972
• GBP (British Pound Sterling):
• Buying: PKR 235.1151
• Selling: PKR 235.6636
• JPY (Japanese Yen):
• Buying: PKR 1.5369
• Selling: PKR 1.5405
• SAR (Saudi Riyal):
• Buying: PKR 47.5648
• Selling: PKR 47.6722
• USD (United States Dollar):
• Buying: PKR 178.4131
• Selling: PKR 178.8359
These exchange rates provide valuable insights into the currency market, aiding businesses and individuals in making informed decisions regarding international transactions. Market participants should note that exchange rates are subject to change based on various factors, and staying informed with the latest updates is crucial for anyone involved in foreign currency dealings. The SBP remains committed to ensuring transparency in the foreign exchange market and facilitating smooth transactions for all stakeholders.