Karachi, November 17, 2021 – The State Bank of Pakistan (SBP) has released the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR) on Wednesday, November 17, 2021.
These rates, based on the weighted average rates of commercial banks, provide crucial information for businesses and individuals engaged in international transactions.
The SBP clarified that the data is compiled and disseminated exclusively for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients, serving as reference points for commercial transactions.
Here are the buying and selling rates for major foreign currencies in PKR, as indicated by commercial banks:
• AED (United Arab Emirates Dirham):
• Buying: 47.4456 PKR
• Selling: 47.5561 PKR
• AUD (Australian Dollar):
• Buying: 126.9118 PKR
• Selling: 127.2027 PKR
• CAD (Canadian Dollar):
• Buying: 138.6052 PKR
• Selling: 138.9210 PKR
• CHF (Swiss Franc):
• Buying: 186.8849 PKR
• Selling: 187.3243 PKR
• CNY (Chinese Yuan):
• Buying: 27.3009 PKR
• Selling: 27.3611 PKR
• EUR (Euro):
• Buying: 196.8283 PKR
• Selling: 197.3009 PKR
• GBP (British Pound Sterling):
• Buying: 233.8268 PKR
• Selling: 234.3837 PKR
• JPY (Japanese Yen):
• Buying: 1.5163 PKR
• Selling: 1.5198 PKR
• SAR (Saudi Riyal):
• Buying: 46.4355 PKR
• Selling: 46.5429 PKR
• USD (United States Dollar):
• Buying: 174.1443 PKR
• Selling: 174.5671 PKR
The SBP emphasized that these rates are indicative and subject to market fluctuations and external economic factors. Therefore, businesses and individuals involved in international transactions are encouraged to stay informed about these exchange rates to make well-informed financial decisions.
Furthermore, the central bank underscores the importance of transparency in foreign exchange dealings, urging commercial banks to adhere to the quoted rates for commercial transactions. This commitment aims to maintain a stable and efficient financial environment, fostering trust and confidence in the foreign exchange market.
As Pakistan navigates the global economic landscape, the SBP remains dedicated to providing accurate and timely information, supporting financial stability, and facilitating international trade for the benefit of the Pakistani economy. Stakeholders are advised to consult official channels and financial institutions for the most up-to-date exchange rate information.
