KARACHI, August 13, 2021 — The State Bank of Pakistan (SBP) has released the latest exchange rates for various currencies, based on the weighted average rates of commercial banks.
The data, made public on Friday, August 13, 2021, is compiled by the SBP and is intended for informational purposes only.
According to the SBP, these exchange rates are estimates provided by different commercial banks to their clients. The figures represent the indicative exchange rates that banks offer for commercial transactions with their customers. The exchange rates are subject to change and are influenced by various economic factors and market dynamics.
Here is a snapshot of the exchange rates for some major currencies against the Pakistani Rupee:
• United States Dollar (USD)
• Buying: PKR 163.8715
• Selling: PKR 164.2348
• Euro (EUR)
• Buying: PKR 192.3944
• Selling: PKR 192.8047
• British Pound (GBP)
• Buying: PKR 226.2590
• Selling: PKR 226.7420
• Japanese Yen (JPY)
• Buying: PKR 1.4845
• Selling: PKR 1.4877
• Canadian Dollar (CAD)
• Buying: PKR 130.8852
• Selling: PKR 131.1600
• Swiss Franc (CHF)
• Buying: PKR 177.4840
• Selling: PKR 177.8593
• Australian Dollar (AUD)
• Buying: PKR 120.2804
• Selling: PKR 120.5301
• Chinese Yuan (CNY)
• Buying: PKR 25.3354
• Selling: PKR 25.3858
• Saudi Riyal (SAR)
• Buying: PKR 43.7054
• Selling: PKR 43.7970
• UAE Dirham (AED)
• Buying: PKR 44.6533
• Selling: PKR 44.7475
The SBP emphasizes that these rates are subject to market fluctuations and are meant to serve as a reference for informational purposes only. Commercial banks use these indicative rates to facilitate transactions with their clients, and the actual rates may vary at the time of the transaction.
Exchange rates play a crucial role in international trade and finance, impacting the cost of imported goods and influencing the competitiveness of exports. Traders, businesses, and individuals involved in cross-border transactions closely monitor these rates to make informed decisions.
The SBP encourages market participants and the general public to stay informed about the latest developments in the foreign exchange market. The central bank remains committed to maintaining stability in the currency market and ensuring a transparent and efficient exchange rate mechanism.
Market participants are advised to consult with their respective banks for the most up-to-date and accurate exchange rates before engaging in any currency-related transactions. The SBP will continue to provide regular updates to keep the public informed about the latest developments in the foreign exchange market.