SBP Releases Foreign Exchange Rates for December 5, 2023

SBP Releases Foreign Exchange Rates for December 5, 2023

KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on December 5, 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 5, 2023, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:

AED (United Arab Emirates Dirham):

• Buying: PKR 77.4656

• Selling: PKR 77.5825

AUD (Australian Dollar):

• Buying: PKR 187.0993

• Selling: PKR 187.3900

CAD (Canadian Dollar):

• Buying: PKR 209.6187

• Selling: PKR 209.9436

CHF (Swiss Franc):

• Buying: PKR 325.8786

• Selling: PKR 326.4013

CNY (Chinese Yuan):

• Buying: PKR 39.8067

• Selling: PKR 39.8605

EUR (Euro):

• Buying: PKR 308.1477

• Selling: PKR 308.6310

GBP (British Pound):

• Buying: PKR 359.1458

• Selling: PKR 359.7135

JPY (Japanese Yen):

• Buying: PKR 1.9354

• Selling: PKR 1.9382

SAR (Saudi Riyal):

• Buying: PKR 75.7886

• Selling: PKR 75.9018

USD (United States Dollar):

• Buying: PKR 284.2667

• Selling: PKR 284.7065

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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