KARACHI: In its latest announcement, the State Bank of Pakistan (SBP) disclosed the official exchange rates for customers, effective April 19, 2022.
These rates, derived from the weighted averages of commercial banks, provide a comprehensive overview of the foreign currency market.
Karachi, April 19, 2022 – The State Bank of Pakistan (SBP) unveiled the exchange rates for customers on Tuesday, April 19, 2022. The rates are formulated based on the weighted averages of commercial banks, serving as a crucial indicator for the foreign currency market.
In a statement, the SBP clarified that the provided data is compiled and disseminated for informational purposes only. These exchange rates are estimates that various commercial banks quote to their clients. The indicative rates are integral for commercial transactions conducted by customers dealing with foreign currencies.
Here is a breakdown of the buying and selling rates for different foreign currencies in Pakistani Rupees (PKR) as of April 19, 2022:
Currency Buying Rate Selling Rate
• AED 49.9323 50.0434
• AUD 135.0960 135.3939
• CAD 145.6912 146.0134
• CHF 193.8276 194.2481
• CNY 28.7764 28.8371
• EUR 197.5132 197.9657
• GBP 238.2202 238.7630
• JPY 1.4310 1.4342
• SAR 48.8794 48.9862
• USD 183.2860 183.6963
The SBP emphasized that these rates are indicative and serve as a reference for customers engaging in commercial transactions with foreign currencies. It is essential for businesses and individuals involved in international trade to stay informed about the latest exchange rates to make informed financial decisions.
The SBP encourages the public to regularly check for updates on exchange rates, as fluctuations in the global market can impact the rates provided by commercial banks. For further details and updates, customers are advised to consult their respective banks or visit the official website of the State Bank of Pakistan. Stay tuned for the latest developments in the dynamic foreign exchange landscape.
