KARACHI, August 25, 2021: The State Bank of Pakistan (SBP) has issued the latest exchange rates for customers on Wednesday, August 25, 2021.
These rates, determined based on the weighted average rates of commercial banks, play a significant role in guiding international transactions and financial decision-making.
The SBP reiterated that the data provided is compiled and disseminated solely for informational purposes, aligning with the central bank’s commitment to transparency in the financial sector. These exchange rates are estimates quoted by various commercial banks to their clients, acting as a crucial reference for businesses and individuals engaged in cross-border transactions.
Commercial banks play a pivotal role by providing indicative exchange rates for both buying and selling transactions, catering to the diverse needs of their customers involved in commercial dealings. The rates released by the SBP serve as a benchmark for the market, facilitating smooth and transparent transactions in the global financial landscape.
The exchange rates issued by the SBP on August 25, 2021, are as follows:
• AED (United Arab Emirates Dirham):
• Buying: 45.0644
• Selling: 45.1586
• AUD (Australian Dollar):
• Buying: 119.7729
• Selling: 120.0274
• CAD (Canadian Dollar):
• Buying: 131.0817
• Selling: 131.3541
• CHF (Swiss Franc):
• Buying: 180.9170
• Selling: 181.2936
• CNY (Chinese Yuan):
• Buying: 25.5744
• Selling: 25.6246
• EUR (Euro):
• Buying: 194.2345
• Selling: 194.6500
• GBP (British Pound):
• Buying: 226.8885
• Selling: 227.3686
• JPY (Japanese Yen):
• Buying: 1.5073
• Selling: 1.5106
• SAR (Saudi Riyal):
• Buying: 44.1090
• Selling: 44.2000
• USD (United States Dollar):
• Buying: 165.3801
• Selling: 165.7433
These rates reflect the continuous fluctuations in the foreign exchange market, influenced by various economic factors. Businesses and individuals are encouraged to stay informed about these rates as they are subject to change based on market dynamics.
It is crucial for customers to be aware that the exchange rates provided by commercial banks may include additional margins or service charges. Verifying these details with respective banks is essential for accurate financial planning and decision-making.
In conclusion, the release of exchange rates by the State Bank of Pakistan underscores its dedication to transparency and providing stakeholders with essential financial information. As businesses and individuals navigate the complexities of international trade and finance, these exchange rates offer valuable insights for making informed decisions.
