Karachi, November 23, 2021 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers, effective as of November 23, 2021.
These rates are calculated based on the weighted averages of commercial banks, providing a benchmark for currency transactions in the country.
In a statement released on Tuesday, the SBP emphasized that the provided data is compiled and disseminated for informational purposes only. The exchange rates serve as estimates quoted by various commercial banks to their respective clients, reflecting the prevailing market conditions.
Commercial banks play a pivotal role in determining these indicative exchange rates, which are utilized for commercial transactions between banks and customers. The rates provided by the banks are crucial in facilitating 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 on November 23, 2021:
• AED (United Arab Emirates Dirham):
• Buying: 47.4234 PKR
• Selling: 47.5349 PKR
• AUD (Australian Dollar):
• Buying: 125.6655 PKR
• Selling: 125.9454 PKR
• CAD (Canadian Dollar):
• Buying: 136.9772 PKR
• Selling: 137.2844 PKR
• CHF (Swiss Franc):
• Buying: 186.6588 PKR
• Selling: 187.0773 PKR
• CNY (Chinese Yuan):
• Buying: 27.2919 PKR
• Selling: 27.3511 PKR
• EUR (Euro):
• Buying: 195.6183 PKR
• Selling: 196.0881 PKR
• GBP (British Pound Sterling):
• Buying: 233.0625 PKR
• Selling: 233.6201 PKR
• JPY (Japanese Yen):
• Buying: 1.5123 PKR
• Selling: 1.5158 PKR
• SAR (Saudi Riyal):
• Buying: 46.4057 PKR
• Selling: 46.5144 PKR
• USD (United States Dollar):
• Buying: 174.0622 PKR
• Selling: 174.4850 PKR
These rates provide a snapshot of the currency exchange landscape, influencing trade and financial decisions for businesses and individuals alike. It is important to note that exchange rates can fluctuate based on various economic factors, and market participants should stay informed about the latest developments.
The SBP encourages individuals and businesses to refer to these rates for their informational value and to consult with their respective banks for specific transaction details. The transparent disclosure of exchange rates enhances the overall integrity and efficiency of the financial system, fostering trust among market participants.
As global economic conditions continue to evolve, the State Bank of Pakistan remains committed to providing timely and accurate information to facilitate smooth currency transactions within the country.
