SBP issues customers exchange rates for November 05

SBP issues customers exchange rates for November 05

Karachi, November 05, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers as of November 05, 2021.

These rates are calculated based on the weighted average rates of commercial banks, offering a vital benchmark for currency transactions within the country.

In a statement issued on Friday, the SBP reiterated that the data is compiled and disseminated exclusively for informational purposes. The exchange rates provided are estimates quoted by various commercial banks to their clients, serving as valuable indicators of the prevailing market conditions.

Commercial banks play a crucial role in determining these indicative exchange rates, fundamental for transparent and efficient commercial transactions between banks and their customers. These rates contribute to the seamless 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: 46.2746 PKR

• Selling: 46.3869 PKR

• AUD (Australian Dollar):

• Buying: 125.5506 PKR

• Selling: 125.8383 PKR

• CAD (Canadian Dollar):

• Buying: 136.3158 PKR

• Selling: 136.6282 PKR

• CHF (Swiss Franc):

• Buying: 186.1344 PKR

• Selling: 186.5626 PKR

• CNY (Chinese Yuan):

• Buying: 26.5689 PKR

• Selling: 26.6282 PKR

• EUR (Euro):

• Buying: 196.2847 PKR

• Selling: 196.7592 PKR

• GBP (British Pound Sterling):

• Buying: 229.2321 PKR

• Selling: 229.7938 PKR

• JPY (Japanese Yen):

• Buying: 1.4943 PKR

• Selling: 1.4979 PKR

• SAR (Saudi Riyal):

• Buying: 45.2928 PKR

• Selling: 45.4005 PKR

• USD (United States Dollar):

• Buying: 169.8564 PKR

• Selling: 170.2792 PKR

These exchange rates offer essential information for businesses and individuals engaged in international transactions. It’s important 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.