SBP Releases Foreign Exchange Rates for December 4, 2023

SBP Releases Foreign Exchange Rates for December 4, 2023

KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on December 4, 2023.

These rates, based on the weighted average rates of commercial banks, play a crucial role in guiding transactions involving foreign currencies and are essential for individuals and businesses engaged in international trade.

The data shared by the SBP is compiled and disseminated for informational purposes only. These exchange rates are estimates quoted by various commercial banks to their clients, serving as indicative values in the foreign exchange market. Commercial banks use these rates as benchmarks for commercial transactions with customers.

As of December 4, 2023, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:

AED (United Arab Emirates Dirham):

• Buying: PKR 77.5219

• Selling: PKR 77.6389

AUD (Australian Dollar):

• Buying: PKR 189.2209

• Selling: PKR 189.5105

CAD (Canadian Dollar):

• Buying: PKR 210.3568

• Selling: PKR 210.6896

CHF (Swiss Franc):

• Buying: PKR 326.5777

• Selling: PKR 327.0953

CNY (Chinese Yuan):

• Buying: PKR 39.8792

• Selling: PKR 39.9335

EUR (Euro):

• Buying: PKR 309.2024

• Selling: PKR 309.6866

GBP (British Pound):

• Buying: PKR 360.5824

• Selling: PKR 361.1459

JPY (Japanese Yen):

• Buying: PKR 1.9387

• Selling: PKR 1.9416

SAR (Saudi Riyal):

• Buying: PKR 75.8374

• Selling: PKR 75.9505

USD (United States Dollar):

• Buying: PKR 284.4635

• Selling: PKR 284.9033

These rates provide valuable information for individuals and businesses engaged in international financial activities. Foreign exchange rates are subject to market fluctuations, and individuals are encouraged to verify the latest rates with their respective banks or financial institutions for accurate and up-to-date information. The SBP’s customer forex rates contribute to transparency in the foreign exchange market, assisting stakeholders in making well-informed decisions for their financial dealings.

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