SBP issues customers exchange rates for September 24

SBP issues customers exchange rates for September 24

Karachi, September 24, 2021 – The State Bank of Pakistan (SBP) has released the exchange rates for customers on Friday, September 24, 2021.

These rates, formulated based on the weighted average rates of commercial banks, provide valuable information about the currency exchange landscape.

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

The indicative exchange rates for various currencies against the Pakistani Rupee (PKR) on September 24, 2021, are as follows:

• AED (United Arab Emirates Dirham):

• Buying: 46.0436 PKR

• Selling: 46.1388 PKR

• AUD (Australian Dollar):

• Buying: 123.2897 PKR

• Selling: 123.5398 PKR

• CAD (Canadian Dollar):

• Buying: 133.3672 PKR

• Selling: 133.6407 PKR

• CHF (Swiss Franc):

• Buying: 182.6353 PKR

• Selling: 183.0034 PKR

• CNY (Chinese Yuan):

• Buying: 26.1925 PKR

• Selling: 26.2431 PKR

• EUR (Euro):

• Buying: 198.3648 PKR

• Selling: 198.7840 PKR

• GBP (British Pound):

• Buying: 231.8452 PKR

• Selling: 232.3239 PKR

• JPY (Japanese Yen):

• Buying: 1.5292 PKR

• Selling: 1.5324 PKR

• SAR (Saudi Riyal):

• Buying: 45.0629 PKR

• Selling: 45.1526 PKR

• USD (United States Dollar):

• Buying: 168.9715 PKR

• Selling: 169.3348 PKR

These exchange rates serve as crucial references for businesses, travelers, and individuals involved in cross-border transactions. The rates are indicative and guide commercial transactions between banks and their customers.

Fluctuations in exchange rates can impact the cost of imported goods and services, making these releases essential for businesses and consumers to make informed financial decisions.

It’s important to note that exchange rates are subject to market dynamics, and individuals and businesses are advised to stay updated on the latest developments in the foreign exchange market.

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