KARACHI, November 29, 2021 – The State Bank of Pakistan (SBP) has published the official exchange rates for November 29, 2021, based on the weighted average rates of commercial banks.
These rates, indicative of the market trends, provide crucial insights into the value of the Pakistani Rupee against various foreign currencies.
In a statement issued on Monday, the SBP emphasized that the provided data is compiled and disseminated for informational purposes only. These exchange rates are estimates quoted by commercial banks to their clients, and they serve as a reference point for commercial transactions.
The following are the buying and selling rates of some major currencies against the Pakistani Rupee, as quoted by commercial banks:
• AED (United Arab Emirates Dirham):
• Buying: 47.9338 PKR
• Selling: 48.0446 PKR
• AUD (Australian Dollar):
• Buying: 125.5956 PKR
• Selling: 125.8802 PKR
• CAD (Canadian Dollar):
• Buying: 137.9921 PKR
• Selling: 138.3094 PKR
• CHF (Swiss Franc):
• Buying: 190.1040 PKR
• Selling: 190.5447 PKR
• CNY (Chinese Yuan):
• Buying: 27.5927 PKR
• Selling: 27.6528 PKR
• EUR (Euro):
• Buying: 198.4769 PKR
• Selling: 198.9456 PKR
• GBP (British Pound):
• Buying: 234.6159 PKR
• Selling: 235.1599 PKR
• JPY (Japanese Yen):
• Buying: 1.5542 PKR
• Selling: 1.5578 PKR
• SAR (Saudi Riyal):
• Buying: 46.9047 PKR
• Selling: 47.0110 PKR
• USD (United States Dollar):
• Buying: 175.9387 PKR
• Selling: 176.3615 PKR
These rates provide valuable information to businesses and individuals engaged in international trade, investment, and travel. The fluctuation in exchange rates reflects the dynamic nature of the global economy and can impact the cost of imported goods, overseas investments, and travel expenses.
The SBP has clarified that these rates are indicative and subject to change based on market dynamics. Commercial banks provide their indicative exchange rates to facilitate seamless transactions for their customers, and the actual rates at the time of the transaction may vary.
Market participants and observers are advised to stay updated on these exchange rates to make informed decisions. As global economic conditions continue to evolve, the SBP remains committed to ensuring transparency in the foreign exchange market and facilitating smooth cross-border transactions.
In conclusion, the release of exchange rates by the State Bank of Pakistan is a crucial step in maintaining financial transparency and aiding economic stakeholders in making well-informed decisions in the ever-changing landscape of international trade and finance.
