Karachi, September 27, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for September 27, 2023.
The exchange rate is on the basis of weighted average rates of commercial banks. Following are the buying and selling of foreign currencies in Pakistan Rupee (PKR):
| CURRENCY | BUYING | SELLING |
| AED– UAE Dirham | 78.6149 | 78.7253 |
| AUD– Australian Dollar | 184.0985 | 184.3717 |
| CAD– Canadian Dollar | 213.4193 | 213.7188 |
| CHF– Swiss Franc | 314.6916 | 315.1392 |
| CNY– Chinese Yuan | 39.5251 | 39.5751 |
| EUR– Euro | 304.9023 | 305.3459 |
| GBP– British Pound | 350.5679 | 351.0758 |
| JPY– Japanese Yen | 1.9356 | 1.9383 |
| SAR– Saudi Riyal | 76.9294 | 77.0359 |
| USD– US Dollar | 288.5604 | 288.9765 |
The foreign exchange rates issued by the SBP serve as a benchmark for commercial banks and are widely used in trade, remittance, and financial transactions across the country. Currency market participants closely monitor fluctuations in major currencies, particularly the US dollar, due to their impact on import costs, inflation, and external debt servicing. Analysts noted that exchange rate movements remain influenced by global economic conditions, foreign exchange reserves, and domestic demand for foreign currency. The latest rates reflect interbank market trends and provide guidance to businesses, investors, and individuals engaged in international transactions and cross-border payments.
Check latest update on currency market at Pakistan Revenue.
SBP Releases Foreign Currency Rates in Pakistan for September 26, 2023
