KARACHI, August 30, 2021: The State Bank of Pakistan (SBP) has released the latest exchange rates for customers, providing valuable insights into the currency landscape.
The rates, based on the weighted average rates of commercial banks, were issued on Monday, August 30, 2021, and are crucial for businesses and individuals engaged in international transactions.
The SBP clarified that the data compiled and disseminated is intended for informational purposes only, emphasizing transparency in the financial sector. These exchange rates represent estimates quoted by various commercial banks to their clients, playing a pivotal role in facilitating commercial transactions on a global scale.
At the heart of these rates are the indicative values provided by commercial banks for both buying and selling transactions. Such rates are integral for businesses involved in cross-border trade, providing a foundation for financial decision-making.
The exchange rates issued by the SBP on August 30, 2021, are as follows:
• AED (United Arab Emirates Dirham):
• Buying: 45.1323
• Selling: 45.2266
• AUD (Australian Dollar):
• Buying: 120.8673
• Selling: 121.1144
• CAD (Canadian Dollar):
• Buying: 131.1974
• Selling: 131.4642
• CHF (Swiss Franc):
• Buying: 181.7289
• Selling: 182.0995
• CNY (Chinese Yuan):
• Buying: 25.6431
• Selling: 25.6933
• EUR (Euro):
• Buying: 195.5103
• Selling: 195.9319
• GBP (British Pound):
• Buying: 228.0859
• Selling: 228.5643
• JPY (Japanese Yen):
• Buying: 1.5090
• Selling: 1.5123
• SAR (Saudi Riyal):
• Buying: 44.1690
• Selling: 44.2590
• USD (United States Dollar):
• Buying: 165.6282
• Selling: 165.9915
These rates reflect the dynamic nature of 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 conditions.
It is worth noting that the exchange rates provided by commercial banks may include additional margins or service charges. Customers are advised to verify these details with their respective banks to ensure accurate financial planning.
In conclusion, the State Bank of Pakistan’s release of exchange rates underscores its commitment to transparency in the financial sector. As businesses navigate the complexities of international trade, these exchange rates serve as a vital tool for making informed decisions in a rapidly changing global economy.
