KARACHI, August 26, 2021: The State Bank of Pakistan (SBP) has released the most recent exchange rates for customers on Thursday, August 26, 2021.
These rates, established on the weighted average rates of commercial banks, play a crucial role in guiding international transactions.
The SBP clarified that the data provided is compiled and disseminated exclusively for informational purposes. This commitment to transparency is in line with the SBP’s ongoing efforts to keep stakeholders informed about the financial landscape. The exchange rates represent estimates quoted by various commercial banks to their clients, serving as a reference for businesses and individuals involved in cross-border transactions.
Commercial banks provide indicative exchange rates for both buying and selling transactions, catering to the needs of their customers engaged in commercial dealings. The rates issued by the SBP serve as a benchmark for businesses and individuals, helping them make informed financial decisions in a dynamic market.
The exchange rates issued by the SBP on August 26, 2021, are as follows:
• AED (United Arab Emirates Dirham):
• Buying: 45.2011
• Selling: 45.2960
• AUD (Australian Dollar):
• Buying: 120.4204
• Selling: 120.6666
• CAD (Canadian Dollar):
• Buying: 131.4553
• Selling: 131.7295
• CHF (Swiss Franc):
• Buying: 181.3574
• Selling: 181.7365
• CNY (Chinese Yuan):
• Buying: 25.6221
• Selling: 25.6755
• EUR (Euro):
• Buying: 195.1870
• Selling: 195.6068
• GBP (British Pound):
• Buying: 228.0882
• Selling: 228.5662
• JPY (Japanese Yen):
• Buying: 1.5078
• Selling: 1.5111
• SAR (Saudi Riyal):
• Buying: 44.2406
• Selling: 44.3313
• USD (United States Dollar):
• Buying: 165.8793
• Selling: 166.2426
These rates reflect the ever-changing nature of the foreign exchange market, influenced by global economic factors. Businesses and individuals are urged to stay informed about these rates as they are subject to fluctuation based on market dynamics.
It is essential 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 crucial for accurate financial planning and decision-making.
In conclusion, the State Bank of Pakistan’s release of exchange rates reinforces its commitment to transparency and equipping stakeholders with essential financial information. As businesses and individuals navigate the intricacies of international trade and finance, these exchange rates provide valuable insights for making informed decisions.
