SBP issues customers exchange rates for October 26

SBP issues customers exchange rates for October 26

Karachi, October 26, 2021: The State Bank of Pakistan (SBP) has provided customers with the official exchange rates for Tuesday, October 26, 2021.

These rates are determined based on the weighted average rates of commercial banks. The SBP clarified that the data is compiled and disseminated solely for informational purposes.

The exchange rates presented by the SBP serve as essential indicators for businesses and individuals engaged in international trade and financial transactions. The rates are instrumental in facilitating transparent and efficient cross-border transactions.

Here are the exchange rates for major currencies as of October 26, 2021:

• United States Dollar (USD):

• Buying: PKR 174.6128

• Selling: PKR 174.9828

• Euro (EUR):

• Buying: PKR 202.6608

• Selling: PKR 203.0817

• British Pound (GBP):

• Buying: PKR 240.3683

• Selling: PKR 240.8605

• Canadian Dollar (CAD):

• Buying: PKR 141.0524

• Selling: PKR 141.3310

• Australian Dollar (AUD):

• Buying: PKR 131.1722

• Selling: PKR 131.4333

• Swiss Franc (CHF):

• Buying: PKR 189.7068

• Selling: PKR 190.0931

• Chinese Yuan (CNY):

• Buying: PKR 27.3951

• Selling: PKR 27.4466

• Japanese Yen (JPY):

• Buying: PKR 1.5327

• Selling: PKR 1.5359

• Saudi Riyal (SAR):

• Buying: PKR 46.5616

• Selling: PKR 46.6550

• UAE Dirham (AED):

• Buying: PKR 47.5704

• Selling: PKR 47.6675

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 prevailing 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 foreign exchange market is dynamic, and rates can fluctuate based on various factors, including economic conditions and geopolitical events.

As the global economic landscape continues to evolve, the exchange rates published by the State Bank of Pakistan play a crucial role in shaping trade dynamics and influencing economic indicators. The SBP remains committed to providing transparent and reliable information to the public, contributing to a stable and well-informed financial environment for businesses and individuals alike.