SBP issues customers exchange rates for November 08

SBP issues customers exchange rates for November 08

Karachi, November 08, 2021 – The State Bank of Pakistan (SBP) has unveiled the official exchange rates for customers as of November 08, 2021.

These rates are computed based on the weighted average rates of commercial banks, providing a significant benchmark for currency transactions in the country.

In a statement released on Monday, the SBP reiterated that the data is compiled and disseminated strictly 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 critical role in determining these indicative exchange rates, which are fundamental for transparent and efficient commercial transactions between banks and their customers. These rates facilitate 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: 46.3200 PKR

• Selling: 46.4305 PKR

• AUD (Australian Dollar):

• Buying: 125.8871 PKR

• Selling: 126.1822 PKR

• CAD (Canadian Dollar):

• Buying: 136.5970 PKR

• Selling: 136.9167 PKR

• CHF (Swiss Franc):

• Buying: 186.2035 PKR

• Selling: 186.6516 PKR

• CNY (Chinese Yuan):

• Buying: 26.6061 PKR

• Selling: 26.6695 PKR

• EUR (Euro):

• Buying: 196.6472 PKR

• Selling: 197.1268 PKR

• GBP (British Pound Sterling):

• Buying: 229.2884 PKR

• Selling: 229.8486 PKR

• JPY (Japanese Yen):

• Buying: 1.4967 PKR

• Selling: 1.5003 PKR

• SAR (Saudi Riyal):

• Buying: 45.3347 PKR

• Selling: 45.4428 PKR

• USD (United States Dollar):

• Buying: 170.0118 PKR

• Selling: 170.4346 PKR

These exchange rates provide essential information for businesses and individuals engaged in international transactions. It’s crucial to note that exchange rates are 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.