SBP issues customers exchange rates for November 18

SBP issues customers exchange rates for November 18

Karachi, November 18, 2021 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers, effective as of November 18, 2021.

These rates are determined based on the weighted average rates of commercial banks, serving as a key reference for currency transactions across the country.

In a statement issued on Thursday, the SBP highlighted that the data is compiled and disseminated purely for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients, offering insight into prevailing market conditions.

Commercial banks play a pivotal role in formulating these indicative exchange rates, providing benchmarks for commercial transactions between banks and their customers. These rates are essential for ensuring transparency and efficiency in 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: 47.3780 PKR

• Selling: 47.4885 PKR

• AUD (Australian Dollar):

• Buying: 126.5438 PKR

• Selling: 126.8479 PKR

• CAD (Canadian Dollar):

• Buying: 137.9093 PKR

• Selling: 138.2304 PKR

• CHF (Swiss Franc):

• Buying: 187.2905 PKR

• Selling: 187.7292 PKR

• CNY (Chinese Yuan):

• Buying: 27.3056 PKR

• Selling: 27.3656 PKR

• EUR (Euro):

• Buying: 196.8803 PKR

• Selling: 197.3453 PKR

• GBP (British Pound Sterling):

• Buying: 234.6094 PKR

• Selling: 235.1701 PKR

• JPY (Japanese Yen):

• Buying: 1.5228 PKR

• Selling: 1.5264 PKR

• SAR (Saudi Riyal):

• Buying: 46.3679 PKR

• Selling: 46.4754 PKR

• USD (United States Dollar):

• Buying: 173.8927 PKR

• Selling: 174.3155 PKR

These exchange rates serve as valuable information for businesses and individuals engaged in international transactions. It is important to note that exchange rates can be 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.