KARACHI: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Thursday, August 12, 2021.
These rates are based on the weighted average rates provided by commercial banks and are crucial indicators for individuals and businesses engaged in international transactions.
The SBP clarified that the data released is compiled and disseminated for informational purposes only. These exchange rates serve as estimates quoted by various commercial banks to their clients. It is important to note that these rates are indicative and may vary slightly depending on the specific terms and conditions set by each commercial bank.
The exchange rates cover a range of major currencies, reflecting the global nature of trade and financial transactions. Commercial banks provide these indicative rates for buying and selling currencies in commercial transactions with their customers.
Here are the exchange rates issued by the State Bank of Pakistan for August 12, 2021:
• AED (United Arab Emirates Dirham):
• Buying: 44.6109
• Selling: 44.7051
• AUD (Australian Dollar):
• Buying: 120.5737
• Selling: 120.8233
• CAD (Canadian Dollar):
• Buying: 130.9055
• Selling: 131.1750
• CHF (Swiss Franc):
• Buying: 177.6554
• Selling: 178.0312
• CNY (Chinese Yuan):
• Buying: 25.3150
• Selling: 25.3655
• EUR (Euro):
• Buying: 192.2632
• Selling: 192.6736
• GBP (British Pound Sterling):
• Buying: 227.0687
• Selling: 227.5507
• JPY (Japanese Yen):
• Buying: 1.4830
• Selling: 1.4862
• SAR (Saudi Riyal):
• Buying: 43.6642
• Selling: 43.7549
• USD (United States Dollar):
• Buying: 163.7157
• Selling: 164.0790
These rates play a pivotal role in international trade, travel, and financial investments. Businesses and individuals can use them as a reference point when engaging in cross-border transactions. It is essential to stay informed about these rates, as they can impact the cost of goods and services in the global market.
The SBP encourages market participants to use this information responsibly and emphasizes that these rates are subject to change based on market dynamics. The central bank remains committed to fostering a transparent and efficient foreign exchange market that supports the country’s economic growth and stability.
In conclusion, the release of the latest exchange rates by the State Bank of Pakistan underscores the importance of accurate and timely information in the dynamic world of international finance. Businesses and individuals are advised to stay updated on these rates to make informed decisions in their global financial dealings.
