Karachi, October 28, 2021: The State Bank of Pakistan (SBP) has released the official exchange rates for customers on this Thursday, October 28, 2021.
These rates are determined based on the weighted average rates provided by various commercial banks. The SBP emphasized that the data is compiled and disseminated solely for informational purposes.
Commercial banks play a pivotal role in shaping these exchange rates, offering their indicative values for commercial transactions with customers. The 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 28, 2021:
• United States Dollar (USD):
• Buying: PKR 171.8900
• Selling: PKR 172.2599
• Euro (EUR):
• Buying: PKR 199.4890
• Selling: PKR 199.9063
• British Pound (GBP):
• Buying: PKR 236.2461
• Selling: PKR 236.7435
• Canadian Dollar (CAD):
• Buying: PKR 138.9261
• Selling: PKR 139.2112
• Australian Dollar (AUD):
• Buying: PKR 129.0988
• Selling: PKR 129.3586
• Swiss Franc (CHF):
• Buying: PKR 187.1362
• Selling: PKR 187.5229
• Chinese Yuan (CNY):
• Buying: PKR 26.8999
• Selling: PKR 26.9513
• Japanese Yen (JPY):
• Buying: PKR 1.5139
• Selling: PKR 1.5170
• Saudi Riyal (SAR):
• Buying: PKR 45.8348
• Selling: PKR 45.9275
• UAE Dirham (AED):
• Buying: PKR 46.8294
• Selling: PKR 46.9262
The SBP reiterated that these exchange rates serve as reference points for businesses and individuals involved in international trade and financial transactions. However, it’s important to note that these rates are subject to market fluctuations and may vary slightly based on individual bank policies.
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 SBP remains committed to ensuring transparency in the foreign exchange market, providing valuable information to the public to facilitate informed decision-making.
As the global economic landscape continues to evolve, these exchange rates play a crucial role in shaping trade dynamics and influencing economic indicators. The State Bank of Pakistan’s efforts in maintaining transparency contribute to a stable and well-informed financial environment for businesses and individuals alike.
