Karachi, October 15, 2021: The State Bank of Pakistan (SBP) has issued the official exchange rates for Friday, October 15, 2021.
These rates are formulated based on the weighted average rates provided by commercial banks. The SBP clarified that the data is compiled and disseminated for informational purposes only.
Exchange rates are vital components of the global financial system, influencing international trade and financial transactions. The rates provided by the State Bank of Pakistan serve as crucial indicators for businesses and individuals engaged in cross-border activities.
Here are the exchange rates for major currencies as of October 15, 2021:
• United States Dollar (USD):
• Buying: PKR 170.9998
• Selling: PKR 171.3631
• Euro (EUR):
• Buying: PKR 198.5537
• Selling: PKR 198.9643
• British Pound (GBP):
• Buying: PKR 234.0162
• Selling: PKR 234.4921
• Canadian Dollar (CAD):
• Buying: PKR 138.4049
• Selling: PKR 138.6713
• Australian Dollar (AUD):
• Buying: PKR 126.9402
• Selling: PKR 127.1887
• Swiss Franc (CHF):
• Buying: PKR 185.3091
• Selling: PKR 185.6680
• Chinese Yuan (CNY):
• Buying: PKR 26.6155
• Selling: PKR 26.6655
• Japanese Yen (JPY):
• Buying: PKR 1.5001
• Selling: PKR 1.5031
• Saudi Riyal (SAR):
• Buying: PKR 45.6017
• Selling: PKR 45.6935
• UAE Dirham (AED):
• Buying: PKR 46.5952
• Selling: PKR 46.6903
The SBP emphasized that these rates are indicative and are based on the 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.
