SBP’s customer exchange rates – April 18, 2022

SBP’s customer exchange rates – April 18, 2022

KARACHI: The State Bank of Pakistan (SBP) has announced the latest exchange rates for customers, effective April 18, 2022, based on the weighted average rates of commercial banks.

These indicative rates are provided for informational purposes, reflecting estimates quoted by various commercial banks to their clients.

Karachi, April 16, 2022 – In its ongoing commitment to transparency, the State Bank of Pakistan (SBP) released the exchange rates for customers on Monday, April 18, 2022. These rates, calculated on the basis of weighted average rates of commercial banks, serve as a key reference for individuals and businesses engaged in foreign currency transactions.

The SBP clarified that the data is compiled and disseminated solely for informational purposes. These exchange rates are indicative estimates quoted by various commercial banks to their clients, guiding them in commercial transactions involving foreign currencies.

Here is a breakdown of the buying and selling rates for different foreign currencies in Pakistani Rupees (PKR) as of April 18, 2022:

Currency Buying Rate Selling Rate

• AED 49.4787 49.5882

• AUD 133.5848 133.8886

• CAD 143.7027 144.0171

• CHF 192.3438 192.7773

• CNY 28.5072 28.5674

• EUR 196.0415 196.4956

• GBP 236.5760 237.1300

• JPY 1.4340 1.4372

• SAR 48.4374 48.5442

• USD 181.6052 182.0280

The SBP emphasized that these rates are indicative and provided for informational purposes, guiding customers in their commercial transactions involving foreign currencies. It is essential for businesses and individuals to stay informed about these rates, as they can impact the cost of international trade and transactions.

To stay updated on the latest developments in the foreign exchange market, customers are encouraged to regularly check for updates from their respective banks or visit the official website of the State Bank of Pakistan. The SBP remains dedicated to fostering a transparent and well-informed financial environment for all stakeholders.