Karachi, October 04, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for Monday, October 04, 2021.
These rates are determined based on the weighted average rates provided by commercial banks. The SBP clarified that the data is compiled and disseminated exclusively for informational purposes.
Exchange rates serve as critical indicators in the global financial system, influencing international trade and financial transactions. The rates provided by the State Bank of Pakistan are vital for businesses and individuals participating in cross-border activities.
Here are the exchange rates for major currencies as of October 04, 2021:
• United States Dollar (USD):
• Buying: PKR 170.5024
• Selling: PKR 170.8657
• Euro (EUR):
• Buying: PKR 197.8325
• Selling: PKR 198.2386
• British Pound (GBP):
• Buying: PKR 230.9900
• Selling: PKR 231.4614
• Canadian Dollar (CAD):
• Buying: PKR 135.0075
• Selling: PKR 135.2800
• Australian Dollar (AUD):
• Buying: PKR 123.9240
• Selling: PKR 124.1735
• Swiss Franc (CHF):
• Buying: PKR 183.2758
• Selling: PKR 183.6487
• Chinese Yuan (CNY):
• Buying: PKR 26.4855
• Selling: PKR 26.5378
• Japanese Yen (JPY):
• Buying: PKR 1.5358
• Selling: PKR 1.5390
• Saudi Riyal (SAR):
• Buying: PKR 45.4737
• Selling: PKR 45.5645
• UAE Dirham (AED):
• Buying: PKR 46.4593
• Selling: PKR 46.5536
The SBP reiterated that these rates are indicative and are compiled based on information provided by commercial banks. Banks quote these estimates to their clients, reflecting the current market conditions.
Customers are advised to consult with their respective banks for the most accurate and up-to-date exchange rates before engaging in any financial transactions. The dynamic nature of the foreign exchange market means that rates can fluctuate based on various factors, including economic indicators and geopolitical events.
As businesses and individuals navigate the complexities of the international financial landscape, the exchange rates provided by the State Bank of Pakistan serve as a valuable tool for making informed decisions and conducting transactions in the global marketplace. The SBP’s commitment to transparency contributes to a stable and well-informed financial environment, fostering confidence in the broader economic landscape.