Karachi, March 11, 2022: The State Bank of Pakistan (SBP) has published the official exchange rates for March 11, 2022, providing a snapshot of the currency values against the Pakistani Rupee.
These rates are based on the weighted averages reported by commercial banks across the country.
The data, released on Friday, serves as a crucial reference point for businesses, traders, and individuals involved in international transactions. The SBP emphasized that the exchange rates are compiled and disseminated for informational purposes only and represent estimates quoted by various commercial banks to their clients.
The exchange rates provided by the banks are indicative and are used for commercial transactions with customers. The rates are subject to market fluctuations and may vary based on the specific terms of each transaction.
Here are the buying and selling rates for major currencies against the Pakistani Rupee as of March 11, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.6055
• Selling: PKR 48.7166
• AUD (Australian Dollar):
• Buying: PKR 131.0488
• Selling: PKR 131.3416
• CAD (Canadian Dollar):
• Buying: PKR 139.6374
• Selling: PKR 139.9491
• CHF (Swiss Franc):
• Buying: PKR 191.7513
• Selling: PKR 192.1904
• CNY (Chinese Yuan):
• Buying: PKR 28.2297
• Selling: PKR 28.2902
• EUR (Euro):
• Buying: PKR 196.3334
• Selling: PKR 196.7955
• GBP (British Pound Sterling):
• Buying: PKR 233.4507
• Selling: PKR 233.9854
• JPY (Japanese Yen):
• Buying: PKR 1.5294
• Selling: PKR 1.5330
• SAR (Saudi Riyal):
• Buying: PKR 47.5639
• Selling: PKR 47.6706
• USD (United States Dollar):
• Buying: PKR 178.4057
• Selling: PKR 178.8285
These rates provide insights into the current value of major currencies in the Pakistani market. Importers, exporters, and individuals engaging in cross-border transactions can use this information to make informed decisions about their currency exchanges.
It’s important to note that exchange rates are influenced by various factors, including global economic conditions, geopolitical events, and market demand. As such, these rates are subject to change, and individuals or businesses dealing with foreign currencies should stay updated with the latest information from reliable sources.
The State Bank of Pakistan continues to play a crucial role in maintaining stability in the foreign exchange market, and the release of these exchange rates is part of its efforts to ensure transparency and provide useful data to market participants.
