SBP issues customers exchange rates on September 06

SBP issues customers exchange rates on September 06

Karachi, September 06, 2021 – The State Bank of Pakistan (SBP) has released the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR) on Monday, September 06, 2021.

These rates, determined by the weighted average rates of commercial banks, offer valuable insights for businesses and individuals involved in international transactions.

The SBP clarified that the data is compiled and disseminated exclusively for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients, providing reference points for commercial transactions.

Here are the buying and selling rates for major foreign currencies in PKR, as indicated by commercial banks:

• AED (United Arab Emirates Dirham):

• Buying: 45.4720 PKR

• Selling: 45.5672 PKR

• AUD (Australian Dollar):

• Buying: 124.1222 PKR

• Selling: 124.3746 PKR

• CAD (Canadian Dollar):

• Buying: 133.1530 PKR

• Selling: 133.4270 PKR

• CHF (Swiss Franc):

• Buying: 182.4495 PKR

• Selling: 182.8279 PKR

• CNY (Chinese Yuan):

• Buying: 25.9022 PKR

• Selling: 25.9529 PKR

• EUR (Euro):

• Buying: 198.1576 PKR

• Selling: 198.5811 PKR

• GBP (British Pound Sterling):

• Buying: 231.1019 PKR

• Selling: 231.5922 PKR

• JPY (Japanese Yen):

• Buying: 1.5198 PKR

• Selling: 1.5231 PKR

• SAR (Saudi Riyal):

• Buying: 44.5035 PKR

• Selling: 44.5935 PKR

• USD (United States Dollar):

• Buying: 166.8790 PKR

• Selling: 167.2423 PKR

The SBP emphasized that these rates are indicative and subject to market fluctuations and external economic factors. Therefore, businesses and individuals involved in international transactions are encouraged to stay informed about these exchange rates to make well-informed financial decisions.

Furthermore, the central bank underscores the importance of transparency in foreign exchange dealings, urging commercial banks to adhere to the quoted rates for commercial transactions. This commitment aims to maintain a stable and efficient financial environment, fostering trust and confidence in the foreign exchange market.

As Pakistan navigates the global economic landscape, the SBP remains dedicated to providing accurate and timely information, supporting financial stability, and facilitating international trade for the benefit of the Pakistani economy. Stakeholders are advised to consult official channels and financial institutions for the most up-to-date exchange rate information.