SBP Releases Foreign Exchange Rates for November 24, 2023

SBP Releases Foreign Exchange Rates for November 24, 2023

KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on November 24, 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 November 24, 2023, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:

• AED (United Arab Emirates Dirham):

• Buying: PKR 77.7356

• Selling: PKR 77.8534

• AUD (Australian Dollar):

• Buying: PKR 187.2160

• Selling: PKR 187.5018

• CAD (Canadian Dollar):

• Buying: PKR 208.2093

• Selling: PKR 208.5248

• CHF (Swiss Franc):

• Buying: PKR 322.7193

• Selling: PKR 323.2121

• CNY (Chinese Yuan):

• Buying: PKR 39.9208

• Selling: PKR 39.9744

• EUR (Euro):

• Buying: PKR 311.1360

• Selling: PKR 311.6194

• GBP (British Pound):

• Buying: PKR 357.6669

• Selling: PKR 358.2206

• JPY (Japanese Yen):

• Buying: PKR 1.9101

• Selling: PKR 1.9130

• SAR (Saudi Riyal):

• Buying: PKR 76.0686

• Selling: PKR 76.1819

• USD (United States Dollar):

• Buying: PKR 285.2810

• Selling: PKR 285.7208

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.