SBP’s customer exchange rates – April 16, 2022

SBP’s customer exchange rates – April 16, 2022

Karachi, April 16, 2022 – The State Bank of Pakistan (SBP) has unveiled the latest exchange rates for various foreign currencies against the Pakistani Rupee (PKR), based on the weighted average rates of commercial banks.

The rates, released on Saturday, April 16, 2022, serve as estimates quoted by commercial banks for their clients, providing essential information for businesses and individuals engaged in international transactions.

According to the SBP, the exchange rates are compiled and disseminated for informational purposes only. These rates represent the indicative figures quoted by commercial banks to their clients and play a crucial role in facilitating commercial transactions with customers. The following is a breakdown of the buying and selling rates for major foreign currencies in PKR:

• AED (United Arab Emirates Dirham):

• Buying: 49.4222 PKR

• Selling: 49.5332 PKR

• AUD (Australian Dollar):

• Buying: 134.2177 PKR

• Selling: 134.5104 PKR

• CAD (Canadian Dollar):

• Buying: 143.8377 PKR

• Selling: 144.1520 PKR

• CHF (Swiss Franc):

• Buying: 192.4500 PKR

• Selling: 192.8769 PKR

• CNY (Chinese Yuan):

• Buying: 28.5081 PKR

• Selling: 28.5677 PKR

• EUR (Euro):

• Buying: 196.0925 PKR

• Selling: 196.5493 PKR

• GBP (British Pound Sterling):

• Buying: 236.9243 PKR

• Selling: 237.4700 PKR

• JPY (Japanese Yen):

• Buying: 1.4355 PKR

• Selling: 1.4387 PKR

• SAR (Saudi Riyal):

• Buying: 48.3769 PKR

• Selling: 48.4853 PKR

• USD (United States Dollar):

• Buying: 181.4038 PKR

• Selling: 181.8266 PKR

These rates reflect the current market conditions and provide stakeholders with essential information for conducting cross-border transactions. The SBP emphasizes that these rates are subject to change based on market fluctuations and external economic factors.

Market analysts suggest that individuals and businesses engaged in international trade closely monitor these exchange rates to make informed decisions. Additionally, the SBP encourages transparency in foreign exchange dealings and adherence to the quoted rates by commercial banks to ensure a smooth and efficient financial environment.

As the global economic landscape continues to evolve, the SBP remains committed to providing timely and accurate information, fostering financial stability and facilitating international trade for the benefit of the Pakistani economy. Stakeholders are advised to stay updated on the latest exchange rates through official channels and financial institutions to make informed decisions in their financial activities.

Pakistan