SBP issues customers exchange rates for November 11

SBP issues customers exchange rates for November 11

Karachi, November 11, 2021 – The State Bank of Pakistan (SBP) has unveiled the official exchange rates for customers, applicable as of November 11, 2021.

These rates are established on the basis of weighted average rates provided by commercial banks, offering a crucial benchmark for currency transactions in the country.

In a statement released on Thursday, the SBP emphasized that the data is compiled and disseminated for informational purposes only. The exchange rates presented are estimates quoted by various commercial banks to their clients, providing valuable insights into the prevailing market conditions.

Commercial banks play a significant role in formulating these indicative exchange rates, which are fundamental for facilitating transparent and efficient commercial transactions between banks and their customers. The 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: 47.2176 PKR

• Selling: 47.3279 PKR

• AUD (Australian Dollar):

• Buying: 126.9022 PKR

• Selling: 127.1938 PKR

• CAD (Canadian Dollar):

• Buying: 138.8203 PKR

• Selling: 139.1372 PKR

• CHF (Swiss Franc):

• Buying: 188.9921 PKR

• Selling: 189.4365 PKR

• CNY (Chinese Yuan):

• Buying: 27.1392 PKR

• Selling: 27.1991 PKR

• EUR (Euro):

• Buying: 199.3329 PKR

• Selling: 199.8039 PKR

• GBP (British Pound Sterling):

• Buying: 232.9451 PKR

• Selling: 233.5062 PKR

• JPY (Japanese Yen):

• Buying: 1.5234 PKR

• Selling: 1.5270 PKR

• SAR (Saudi Riyal):

• Buying: 46.2940 PKR

• Selling: 46.4019 PKR

• USD (United States Dollar):

• Buying: 173.6001 PKR

• Selling: 174.0229 PKR

These exchange rates offer crucial information for businesses and individuals involved in international transactions. It is important to note that exchange rates are subject to fluctuations 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.