Karachi, November 10, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers as of November 10, 2021.
These rates are based on the weighted average rates of commercial banks, serving as a crucial benchmark for currency transactions within the country.
In a statement issued on Wednesday, the SBP clarified that the provided data is compiled and disseminated solely for informational purposes. These exchange rates are estimates quoted by various commercial banks to their clients, offering valuable insights into the prevailing market conditions.
Commercial banks play a key role in establishing indicative exchange rates, which are essential 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: 46.9830 PKR
• Selling: 47.0935 PKR
• AUD (Australian Dollar):
• Buying: 126.9163 PKR
• Selling: 127.2128 PKR
• CAD (Canadian Dollar):
• Buying: 138.6721 PKR
• Selling: 138.9922 PKR
• CHF (Swiss Franc):
• Buying: 188.9613 PKR
• Selling: 189.4081 PKR
• CNY (Chinese Yuan):
• Buying: 27.0031 PKR
• Selling: 27.0630 PKR
• EUR (Euro):
• Buying: 199.7245 PKR
• Selling: 200.1986 PKR
• GBP (British Pound Sterling):
• Buying: 233.7185 PKR
• Selling: 234.2710 PKR
• JPY (Japanese Yen):
• Buying: 1.5276 PKR
• Selling: 1.5312 PKR
• SAR (Saudi Riyal):
• Buying: 45.9869 PKR
• Selling: 46.0951 PKR
• USD (United States Dollar):
• Buying: 172.4463 PKR
• Selling: 172.8691 PKR
These exchange rates serve as crucial information for businesses and individuals participating in international transactions. It is important to note that exchange rates can fluctuate based on economic factors, and market participants are advised 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.
