SBP issues customers exchange rates for November 22

SBP issues customers exchange rates for November 22

Karachi, November 22, 2021 – The State Bank of Pakistan (SBP) has announced the official exchange rates for customers, effective as of November 22, 2021.

These rates are determined based on the weighted average rates of commercial banks, providing a reference point for currency transactions in the country.

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

Commercial banks play a crucial role in establishing these indicative exchange rates, which serve as benchmarks for commercial transactions between banks and their customers. These rates are essential for ensuring transparent and efficient 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 for November 22, 2021:

• AED (United Arab Emirates Dirham):

• Buying: 47.5770 PKR

• Selling: 47.6880 PKR

• AUD (Australian Dollar):

• Buying: 126.6730 PKR

• Selling: 126.9663 PKR

• CAD (Canadian Dollar):

• Buying: 138.2073 PKR

• Selling: 138.5216 PKR

• CHF (Swiss Franc):

• Buying: 187.9648 PKR

• Selling: 188.3923 PKR

• CNY (Chinese Yuan):

• Buying: 27.3943 PKR

• Selling: 27.4541 PKR

• EUR (Euro):

• Buying: 197.0110 PKR

• Selling: 197.4829 PKR

• GBP (British Pound Sterling):

• Buying: 234.7912 PKR

• Selling: 235.3470 PKR

• JPY (Japanese Yen):

• Buying: 1.5295 PKR

• Selling: 1.5332 PKR

• SAR (Saudi Riyal):

• Buying: 46.5591 PKR

• Selling: 46.6666 PKR

• USD (United States Dollar):

• Buying: 174.6305 PKR

• Selling: 175.0533 PKR

These exchange rates offer valuable information to 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 abreast of 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.