SBP customers’ exchange rates on December 01, 2021

SBP customers’ exchange rates on December 01, 2021

Karachi, Pakistan – The State Bank of Pakistan (SBP) has published the exchange rates for December 01, 2021, providing a comprehensive overview based on the weighted average rates of commercial banks.

These rates play a pivotal role in guiding businesses and individuals engaged in international transactions.

The SBP emphasizes that the exchange rate data is compiled and disseminated solely for informational purposes. These rates are indicative and are quoted by various commercial banks to their clients, serving as a reference for commercial transactions.

As of December 01, 2021, the indicative exchange rates for selected currencies are as follows:

• AED (United Arab Emirates Dirham): Buying 47.6814, Selling 47.7922

• AUD (Australian Dollar): Buying 125.4865, Selling 125.7739

• CAD (Canadian Dollar): Buying 137.4702, Selling 137.7889

• CHF (Swiss Franc): Buying 190.1878, Selling 190.6238

• CNY (Chinese Yuan): Buying 27.5266, Selling 27.5868

• EUR (Euro): Buying 198.4054, Selling 198.8804

• GBP (British Pound): Buying 233.2310, Selling 233.7782

• JPY (Japanese Yen): Buying 1.5418, Selling 1.5454

• SAR (Saudi Riyal): Buying 46.6557, Selling 46.7631

• USD (United States Dollar): Buying 175.0121, Selling 175.4349

It is important for customers to note that these exchange rates are subject to variation among commercial banks, and they should verify the rates directly with their respective banks before engaging in any currency transactions.

Exchange rates are instrumental in facilitating international trade and financial transactions, providing a basis for pricing goods and services across borders. The SBP’s commitment to transparency ensures that customers have access to accurate and timely information, enabling them to make informed decisions in the realm of global finance.

The dynamics of exchange rates are influenced by a multitude of economic factors, including interest rates, inflation, and geopolitical events. Staying abreast of these rates empowers businesses and individuals to navigate the complexities of international finance with greater confidence.

In a rapidly evolving global economic landscape, the SBP continues to fulfill its mandate of providing reliable and transparent financial data. The release of exchange rates underscores the SBP’s dedication to supporting a resilient financial environment and ensuring the stability of the Pakistani economy. Customers are encouraged to stay informed and leverage these rates as valuable tools in their financial decision-making processes.