Karachi, November 09, 2021 – The State Bank of Pakistan (SBP) has published the official exchange rates for customers as of November 09, 2021.
These rates are formulated based on the weighted average rates of commercial banks, providing a crucial reference point for currency transactions in the country.
In a statement issued on Tuesday, the SBP reiterated that the data is compiled and disseminated purely 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 determining these indicative exchange rates, which are essential for transparent and efficient commercial transactions between banks and their customers. These rates facilitate 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: 46.6478 PKR
• Selling: 46.7590 PKR
• AUD (Australian Dollar):
• Buying: 127.0286 PKR
• Selling: 127.3253 PKR
• CAD (Canadian Dollar):
• Buying: 137.6492 PKR
• Selling: 137.9745 PKR
• CHF (Swiss Franc):
• Buying: 187.7753 PKR
• Selling: 188.2109 PKR
• CNY (Chinese Yuan):
• Buying: 26.8118 PKR
• Selling: 26.8720 PKR
• EUR (Euro):
• Buying: 198.7010 PKR
• Selling: 199.1764 PKR
• GBP (British Pound Sterling):
• Buying: 232.4088 PKR
• Selling: 232.9619 PKR
• JPY (Japanese Yen):
• Buying: 1.5178 PKR
• Selling: 1.5214 PKR
• SAR (Saudi Riyal):
• Buying: 45.6605 PKR
• Selling: 45.7666 PKR
• USD (United States Dollar):
• Buying: 171.2156 PKR
• Selling: 171.6384 PKR
These exchange rates are vital 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.
