SBP issues customers exchange rates for September 08

SBP issues customers exchange rates for September 08

Karachi, September 08, 2021 – The State Bank of Pakistan (SBP) has issued the exchange rates for customers on Wednesday, September 08, 2021.

These rates, established on the weighted average rates of commercial banks, provide key insights for businesses and individuals involved in international transactions.

In an official statement, the SBP clarified that the data is compiled and disseminated solely for informational purposes. These exchange rates are estimates provided by various commercial banks to their clients, serving as benchmarks for commercial transactions.

The indicative exchange rates for various currencies against the Pakistani Rupee (PKR) on September 08, 2021, are as follows:

• AED (United Arab Emirates Dirham):

• Buying: 45.5547 PKR

• Selling: 45.6498 PKR

• AUD (Australian Dollar):

• Buying: 123.4865 PKR

• Selling: 123.7389 PKR

• CAD (Canadian Dollar):

• Buying: 132.3308 PKR

• Selling: 132.6030 PKR

• CHF (Swiss Franc):

• Buying: 181.9061 PKR

• Selling: 182.2795 PKR

• CNY (Chinese Yuan):

• Buying: 25.9091 PKR

• Selling: 25.9596 PKR

• EUR (Euro):

• Buying: 198.0045 PKR

• Selling: 198.4272 PKR

• GBP (British Pound):

• Buying: 230.3217 PKR

• Selling: 230.8003 PKR

• JPY (Japanese Yen):

• Buying: 1.5156 PKR

• Selling: 1.5188 PKR

• SAR (Saudi Riyal):

• Buying: 44.5844 PKR

• Selling: 44.6753 PKR

• USD (United States Dollar):

• Buying: 167.1764 PKR

• Selling: 167.5397 PKR

These exchange rates are vital for businesses and individuals engaged in international trade, providing a point of reference for various financial transactions. The rates are indicative and are used by banks for commercial dealings with their customers.

In a dynamic global economic environment, staying informed about changes in exchange rates is crucial for making well-informed financial decisions. The State Bank of Pakistan remains dedicated to transparency, providing timely and accurate information to the public, contributing to a stable and efficient financial environment in the country.

It is advisable for individuals and businesses to stay updated on the latest developments in the foreign exchange market, as fluctuations in exchange rates can have significant implications for international trade and finance. The SBP’s regular disclosures contribute to maintaining a transparent and stable financial system in Pakistan.