KARACHI: The State Bank of Pakistan (SBP) on Monday issued customers’ exchange rates on the basis of weighted average rates of commercial banks.
The SBP said that the data is compiled and disseminated for information only. These Exchange Rates are an estimate of the Exchange Rates quoted by various Commercial Banks to their clients.
They are compiled from the Exchange Rate sheets issued daily by various Commercial Banks providing their indicative Exchange Rates for commercial transactions with customers.
| CURRENCY | BUYING | SELLING |
| AED | 43.7932 | 43.8874 |
| AUD | 118.6202 | 118.8760 |
| CAD | 127.0745 | 127.3408 |
| CHF | 174.7586 | 175.1290 |
| CNY | 24.8315 | 24.8817 |
| EUR | 189.7139 | 190.1315 |
| GBP | 220.9921 | 221.4699 |
| JPY | 1.4616 | 1.4648 |
| SAR | 42.8562 | 42.9471 |
| USD | 160.7127 | 161.0759 |
Market analysts said the exchange rates issued by the State Bank of Pakistan serve as an important benchmark for businesses, importers, exporters, and overseas Pakistanis conducting foreign currency transactions. The movement in global currencies against the Pakistani Rupee is influenced by international trade activity, foreign exchange reserves, oil prices, and investor sentiment in global markets.
Currency experts noted that fluctuations in major currencies such as the US Dollar, Euro, and British Pound can directly impact Pakistan’s import bill and inflation outlook. Commercial banks update their indicative exchange rates daily in line with market demand and supply conditions prevailing in the interbank foreign exchange market.
