Karachi, November 04, 2021 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers as of November 04, 2021.
These rates are determined based on the weighted average rates of commercial banks, providing a critical benchmark for currency transactions within the country.
In a statement released on Thursday, 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 essential 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: 46.2480 PKR
• Selling: 46.3585 PKR
• AUD (Australian Dollar):
• Buying: 126.2796 PKR
• Selling: 126.5784 PKR
• CAD (Canadian Dollar):
• Buying: 136.8600 PKR
• Selling: 137.1871 PKR
• CHF (Swiss Franc):
• Buying: 186.0274 PKR
• Selling: 186.4640 PKR
• CNY (Chinese Yuan):
• Buying: 26.5812 PKR
• Selling: 26.6411 PKR
• EUR (Euro):
• Buying: 196.7253 PKR
• Selling: 197.2100 PKR
• GBP (British Pound Sterling):
• Buying: 231.8616 PKR
• Selling: 232.4212 PKR
• JPY (Japanese Yen):
• Buying: 1.4867 PKR
• Selling: 1.4903 PKR
• SAR (Saudi Riyal):
• Buying: 45.2633 PKR
• Selling: 45.3696 PKR
• USD (United States Dollar):
• Buying: 169.7546 PKR
• Selling: 170.1774 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.
