SBP issues customers exchange rates for October 18, 2021

SBP issues customers exchange rates for October 18, 2021

Karachi, October 18, 2021 – The State Bank of Pakistan (SBP) has released the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR) on Monday, October 18, 2021.

These rates, based on the weighted average rates of commercial banks, offer valuable information for businesses and individuals involved in international transactions.

The SBP clarified that the data is compiled and disseminated solely for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients, providing reference points for commercial transactions.

Here are the buying and selling rates for major foreign currencies in PKR, as indicated by commercial banks:

• AED (United Arab Emirates Dirham):

• Buying: 46.8908 PKR

• Selling: 46.9874 PKR

• AUD (Australian Dollar):

• Buying: 127.3614 PKR

• Selling: 127.6239 PKR

• CAD (Canadian Dollar):

• Buying: 138.8325 PKR

• Selling: 139.1171 PKR

• CHF (Swiss Franc):

• Buying: 185.9845 PKR

• Selling: 186.3684 PKR

• CNY (Chinese Yuan):

• Buying: 26.7743 PKR

• Selling: 26.8257 PKR

• EUR (Euro):

• Buying: 199.3056 PKR

• Selling: 199.7250 PKR

• GBP (British Pound Sterling):

• Buying: 236.2809 PKR

• Selling: 236.7772 PKR

• JPY (Japanese Yen):

• Buying: 1.5055 PKR

• Selling: 1.5087 PKR

• SAR (Saudi Riyal):

• Buying: 45.8943 PKR

• Selling: 45.9876 PKR

• USD (United States Dollar):

• Buying: 172.1368 PKR

• Selling: 172.5067 PKR

The SBP emphasizes that these rates are indicative and subject to market fluctuations and external economic factors. Therefore, businesses and individuals involved in international transactions are encouraged to stay informed about these exchange rates to make well-informed financial decisions.

Furthermore, the central bank underscores the importance of transparency in foreign exchange dealings, urging commercial banks to adhere to the quoted rates for commercial transactions. This commitment aims to maintain a stable and efficient financial environment, fostering trust and confidence in the foreign exchange market.

As Pakistan navigates the global economic landscape, the SBP remains dedicated to providing accurate and timely information, supporting financial stability, and facilitating international trade for the benefit of the Pakistani economy. Stakeholders are advised to consult official channels and financial institutions for the most up-to-date exchange rate information.