SBP issues customers exchange rates for September 16

SBP issues customers exchange rates for September 16

Karachi, September 16, 2021 – The State Bank of Pakistan (SBP) has released the exchange rates for customers on Thursday, September 16, 2021.

These rates, based on the weighted average rates of commercial banks, provide valuable information for individuals and businesses engaged in cross-border transactions.

In an official statement, the SBP emphasized that the data is compiled and disseminated exclusively for informational purposes. These exchange rates are estimates quoted by various commercial banks to their clients, offering insights into the current market conditions.

The indicative exchange rates for various currencies against the Pakistani Rupee (PKR) on September 16, 2021, are as follows:

• AED (United Arab Emirates Dirham):

• Buying: 45.6590 PKR

• Selling: 45.7541 PKR

• AUD (Australian Dollar):

• Buying: 122.6883 PKR

• Selling: 122.9390 PKR

• CAD (Canadian Dollar):

• Buying: 132.6068 PKR

• Selling: 132.8734 PKR

• CHF (Swiss Franc):

• Buying: 182.0049 PKR

• Selling: 182.3813 PKR

• CNY (Chinese Yuan):

• Buying: 26.0751 PKR

• Selling: 26.1258 PKR

• EUR (Euro):

• Buying: 197.8740 PKR

• Selling: 198.2942 PKR

• GBP (British Pound):

• Buying: 231.7262 PKR

• Selling: 232.2062 PKR

• JPY (Japanese Yen):

• Buying: 1.5331 PKR

• Selling: 1.5363 PKR

• SAR (Saudi Riyal):

• Buying: 44.6896 PKR

• Selling: 44.7812 PKR

• USD (United States Dollar):

• Buying: 167.5641 PKR

• Selling: 167.9274 PKR

These exchange rates play a crucial role for businesses and individuals, serving as a reference for commercial transactions. The rates are indicative and are utilized by banks for various types of financial dealings with their customers.

Given the dynamic nature of exchange rates, it is essential for stakeholders to stay informed about developments in the foreign exchange market to make well-informed financial decisions.

The State Bank of Pakistan remains committed to transparency, providing accurate and timely information to the public. These releases contribute to maintaining a stable and efficient financial environment in the country.