KARACHI, March 17, 2022 – The State Bank of Pakistan (SBP) has released the exchange rates for Thursday, March 17, 2022. These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only, according to the SBP.
The SBP clarified that the data represents estimates quoted by various commercial banks to their clients, serving as indicative exchange rates for commercial transactions between banks and customers.
Here are the buying and selling rates for major foreign currencies in Pakistan Rupees (PKR) as of March 17, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 48.9538
• Selling: PKR 49.0649
• AUD (Australian Dollar):
• Buying: PKR 131.3565
• Selling: PKR 131.6517
• CAD (Canadian Dollar):
• Buying: PKR 141.7275
• Selling: PKR 142.0411
• CHF (Swiss Franc):
• Buying: PKR 191.1142
• Selling: PKR 191.5569
• CNY (Chinese Yuan):
• Buying: PKR 28.3085
• Selling: PKR 28.3717
• EUR (Euro):
• Buying: PKR 198.1989
• Selling: PKR 198.6618
• GBP (British Pound):
• Buying: PKR 236.4356
• Selling: PKR 236.9969
• JPY (Japanese Yen):
• Buying: PKR 1.5128
• Selling: PKR 1.5163
• SAR (Saudi Riyal):
• Buying: PKR 47.9004
• Selling: PKR 48.0067
• USD (United States Dollar):
• Buying: PKR 179.6841
• Selling: PKR 180.1069
The SBP’s provision of exchange rates plays a crucial role in ensuring transparent and efficient foreign exchange transactions in Pakistan. These rates are fundamental benchmarks for businesses and individuals involved in international trade and finance.
Customers are advised to stay informed with their respective banks for real-time rates before engaging in any foreign currency transactions due to the dynamic nature of foreign exchange markets. The SBP remains committed to fostering stability and transparency in the foreign exchange market, ensuring a fair and reliable system for businesses and individuals participating in cross-border transactions.
