Karachi, November 01, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers as of November 01, 2021.
These rates are determined based on the weighted average rates of commercial banks, providing a crucial benchmark for currency transactions within the country.
In a statement issued on Monday, the SBP emphasized that the data is compiled and disseminated exclusively for informational purposes. The exchange rates presented are estimates quoted by various commercial banks to their clients, offering valuable insights into the current market conditions.
Commercial banks play a pivotal role in establishing these indicative exchange rates, which are fundamental for transparent and efficient commercial transactions between banks and their customers. These rates contribute to the smooth flow of cross-border trade, investment, and financial activities.
Here are the exchange rates for major currencies against the Pakistani Rupee (PKR) as per the State Bank of Pakistan:
• AED (United Arab Emirates Dirham):
• Buying: 46.6596 PKR
• Selling: 46.7574 PKR
• AUD (Australian Dollar):
• Buying: 128.5870 PKR
• Selling: 128.8397 PKR
• CAD (Canadian Dollar):
• Buying: 138.2997 PKR
• Selling: 138.5710 PKR
• CHF (Swiss Franc):
• Buying: 186.8793 PKR
• Selling: 187.2477 PKR
• CNY (Chinese Yuan):
• Buying: 26.7851 PKR
• Selling: 26.8360 PKR
• EUR (Euro):
• Buying: 197.9571 PKR
• Selling: 198.3805 PKR
• GBP (British Pound Sterling):
• Buying: 234.2919 PKR
• Selling: 234.7783 PKR
• JPY (Japanese Yen):
• Buying: 1.4990 PKR
• Selling: 1.5021 PKR
• SAR (Saudi Riyal):
• Buying: 45.6654 PKR
• Selling: 45.7597 PKR
• USD (United States Dollar):
• Buying: 171.2660 PKR
• Selling: 171.6360 PKR
These exchange rates are crucial information for businesses and individuals engaged in international transactions. It’s essential to note that exchange rates can be subject to fluctuations based on economic factors, and market participants are encouraged to stay informed about the latest developments.
The SBP encourages market participants to refer to these rates for informational purposes and to consult with their respective banks for specific transaction details. The transparent disclosure of exchange rates contributes to the overall trust and efficiency of the financial system, ensuring a smooth flow of currency transactions within the country. As economic dynamics evolve, the State Bank of Pakistan remains committed to providing accurate and timely information to facilitate seamless financial activities.
