SBP issues customers exchange rates on September 01

SBP issues customers exchange rates on September 01

Karachi, September 01, 2021 – The State Bank of Pakistan (SBP) has published the exchange rates for customers on Wednesday, September 01, 2021.

These rates, based on the weighted average rates of commercial banks, offer essential information for individuals and businesses engaged in international transactions.

In an official statement, the SBP emphasized that the data is compiled and disseminated solely for informational purposes. These exchange rates are estimates provided by various commercial banks to their clients, serving as benchmarks for commercial transactions.

The indicative exchange rates for various currencies against the Pakistani Rupee (PKR) on September 01, 2021, are as follows:

• AED (United Arab Emirates Dirham):

• Buying: 45.4131 PKR

• Selling: 45.5082 PKR

• AUD (Australian Dollar):

• Buying: 122.1111 PKR

• Selling: 122.3648 PKR

• CAD (Canadian Dollar):

• Buying: 132.1549 PKR

• Selling: 132.4219 PKR

• CHF (Swiss Franc):

• Buying: 181.4979 PKR

• Selling: 181.8647 PKR

• CNY (Chinese Yuan):

• Buying: 25.8337 PKR

• Selling: 25.8843 PKR

• EUR (Euro):

• Buying: 196.6730 PKR

• Selling: 197.0870 PKR

• GBP (British Pound):

• Buying: 229.0975 PKR

• Selling: 229.5748 PKR

• JPY (Japanese Yen):

• Buying: 1.5121 PKR

• Selling: 1.5154 PKR

• SAR (Saudi Riyal):

• Buying: 44.4395 PKR

• Selling: 44.5311 PKR

• USD (United States Dollar):

• Buying: 166.6618 PKR

• Selling: 167.0251 PKR

These exchange rates are crucial for businesses and individuals involved in international trade, providing a reference point for various financial transactions. The rates are indicative and are utilized by banks for commercial dealings with their customers.

In a constantly changing global economic environment, staying informed about changes in exchange rates is crucial for making well-informed financial decisions. The State Bank of Pakistan remains dedicated to transparency, providing timely and accurate information to the public, contributing to a stable and efficient financial environment in the country.

It is advisable for individuals and businesses to stay updated on the latest developments in the foreign exchange market, as fluctuations in exchange rates can have significant implications for international trade and finance. The SBP’s regular disclosures contribute to maintaining a transparent and stable financial system in Pakistan.