Karachi, October 21, 2021: The State Bank of Pakistan (SBP) has issued the official exchange rates for Thursday, October 21, 2021.
These rates are established on the basis of 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 fundamental to international trade and finance, influencing transactions and investments globally. The rates provided by the State Bank of Pakistan are crucial indicators for businesses and individuals engaged in cross-border activities.
Here are the exchange rates for major currencies as of October 21, 2021:
• United States Dollar (USD):
• Buying: PKR 173.0583
• Selling: PKR 173.4282
• Euro (EUR):
• Buying: PKR 201.7387
• Selling: PKR 202.1632
• British Pound (GBP):
• Buying: PKR 239.1146
• Selling: PKR 239.6058
• Canadian Dollar (CAD):
• Buying: PKR 140.4416
• Selling: PKR 140.7195
• Australian Dollar (AUD):
• Buying: PKR 129.9449
• Selling: PKR 130.1977
• Swiss Franc (CHF):
• Buying: PKR 188.3688
• Selling: PKR 188.7365
• Chinese Yuan (CNY):
• Buying: PKR 27.1008
• Selling: PKR 27.1516
• Japanese Yen (JPY):
• Buying: PKR 1.5171
• Selling: PKR 1.5202
• Saudi Riyal (SAR):
• Buying: PKR 46.1468
• Selling: PKR 46.2404
• UAE Dirham (AED):
• Buying: PKR 47.1482
• Selling: PKR 47.2452
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 fluctuating nature of the foreign exchange market means that rates can vary based on 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 reference 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.
