KARACHI, August 27, 2021: The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for customers on Friday, August 27, 2021.
The exchange rates, determined on the basis of the weighted average rates of commercial banks, play a crucial role in shaping the dynamics of international transactions.
The SBP clarified that the data provided is compiled and disseminated solely for informational purposes, reinforcing its commitment to transparency in the financial sector. These exchange rates are indicative estimates quoted by various commercial banks to their clients, serving as a reference point for businesses and individuals engaged in cross-border trade.
Commercial banks, in line with market conditions, provide indicative exchange rates for both buying and selling transactions. These rates are fundamental for facilitating commercial transactions, guiding financial decisions, and influencing the overall economic landscape.
The exchange rates issued by the SBP on August 27, 2021, are as follows:
• AED (United Arab Emirates Dirham):
• Buying: 45.0957
• Selling: 45.1899
• AUD (Australian Dollar):
• Buying: 120.0829
• Selling: 120.3318
• CAD (Canadian Dollar):
• Buying: 130.7142
• Selling: 130.9821
• CHF (Swiss Franc):
• Buying: 180.7719
• Selling: 181.1376
• CNY (Chinese Yuan):
• Buying: 25.5485
• Selling: 25.5991
• EUR (Euro):
• Buying: 194.8603
• Selling: 195.2771
• GBP (British Pound):
• Buying: 226.9777
• Selling: 227.4545
• JPY (Japanese Yen):
• Buying: 1.5059
• Selling: 1.5092
• SAR (Saudi Riyal):
• Buying: 44.1670
• Selling: 44.2579
• USD (United States Dollar):
• Buying: 165.6353
• Selling: 165.9986
These rates reflect the ongoing fluctuations in the foreign exchange market, influenced by global economic factors. Businesses and individuals are advised to stay informed about these rates as they are subject to change 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 release of exchange rates by the State Bank of Pakistan underscores its commitment to transparency and providing stakeholders with essential information. As the global economic landscape continues to evolve, these exchange rates serve as a valuable tool for businesses and individuals navigating the complexities of international trade and finance.
