SBP issues customers exchange rates for October 27

SBP issues customers exchange rates for October 27

Karachi, October 27, 2021: The State Bank of Pakistan (SBP) has unveiled the official exchange rates for customers on this Wednesday, October 27, 2021.

These rates are established on the basis of weighted average rates provided by various commercial banks. The SBP emphasized that the data is compiled and disseminated exclusively for informational purposes.

Commercial banks continue to play a pivotal role in shaping these exchange rates, offering indicative values for commercial transactions with customers. These rates are estimates quoted by banks to their clients, reflecting the prevailing market conditions.

Here are the exchange rates for major currencies as of October 27, 2021:

• United States Dollar (USD):

• Buying: PKR 173.8318

• Selling: PKR 174.2017

• Euro (EUR):

• Buying: PKR 201.7396

• Selling: PKR 202.1641

• British Pound (GBP):

• Buying: PKR 239.3431

• Selling: PKR 239.8335

• Canadian Dollar (CAD):

• Buying: PKR 140.3421

• Selling: PKR 140.6234

• Australian Dollar (AUD):

• Buying: PKR 130.6918

• Selling: PKR 130.9566

• Swiss Franc (CHF):

• Buying: PKR 189.0907

• Selling: PKR 189.4770

• Chinese Yuan (CNY):

• Buying: PKR 27.2606

• Selling: PKR 27.3114

• Japanese Yen (JPY):

• Buying: PKR 1.5243

• Selling: PKR 1.5275

• Saudi Riyal (SAR):

• Buying: PKR 46.3566

• Selling: PKR 46.4491

• UAE Dirham (AED):

• Buying: PKR 47.3589

• Selling: PKR 47.4543

The SBP reiterated that these exchange rates serve as reference points for businesses and individuals engaged in international trade and financial transactions. It is crucial to note that these rates are subject to market fluctuations, and customers are advised to check with their respective banks for the most accurate and up-to-date rates before conducting any financial transactions.

The transparency maintained by the State Bank of Pakistan in releasing exchange rates contributes to a stable and informed financial environment, aiding businesses and individuals in making well-informed decisions amid the dynamic global economic landscape.