The State Bank of Pakistan (SBP) on Wednesday released the official foreign currency exchange rates for September 13, 2023, reflecting the weighted average rates provided by commercial banks across the country.
As per the SBP’s latest notification, the exchange rates indicate a largely stable trend in the currency market, with the Pakistani Rupee (PKR) maintaining its ground against major global currencies. Currency analysts noted that the current rates show minor fluctuations, pointing toward an overall stable sentiment amid ongoing economic adjustments and policy efforts by the SBP to preserve exchange rate stability.
The SBP plays a central role in monitoring the foreign currency market in Pakistan, regularly publishing indicative exchange rates to help maintain transparency and provide guidance to businesses, banks, and currency dealers.
The following table shows the buying and selling rates of major foreign currencies as issued by the SBP:
| Currency | Buying (PKR) | Selling (PKR) |
| AED – UAE Dirham | 81.3477 | 81.4542 |
| AUD – Australian Dollar | 191.3551 | 191.6150 |
| CAD – Canadian Dollar | 220.1637 | 220.4545 |
| CHF – Swiss Franc | 334.8418 | 335.2857 |
| CNY – Chinese Yuan | 41.0172 | 41.0670 |
| EUR – Euro | 320.8118 | 321.2570 |
| GBP – British Pound | 372.1780 | 372.7018 |
| JPY – Japanese Yen | 2.0269 | 2.0297 |
| SAR – Saudi Riyal | 79.6058 | 79.7102 |
| USD – US Dollar | 298.5816 | 298.9977 |
The SBP emphasized that these currency rates are based on actual interbank transactions reported by commercial banks. Market watchers believe that SBP’s regular disclosures help stabilize currency expectations and reduce speculation in the forex market. The central bank is expected to continue monitoring currency trends closely to guard against volatility and support a sustainable foreign exchange policy.