KARACHI, April 20, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for April 20, 2022, based on the weighted average rates of commercial banks.
The central bank, in a statement on Wednesday, emphasized that the data provided is compiled and disseminated for informational purposes only.
According to the SBP, the exchange rates are estimates quoted by various commercial banks to their clients. These rates play a crucial role in facilitating international trade and financial transactions, providing a reference point for businesses and individuals engaging in cross-border activities.
Commercial banks in Pakistan offer indicative exchange rates for buying and selling foreign currencies in Pakistan Rupee (PKR) for commercial transactions with customers. The rates are influenced by various factors, including market demand and supply, economic indicators, and geopolitical events.
As of April 20, 2022, the buying and selling rates for selected foreign currencies against the Pakistan Rupee are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 50.6082
• Selling: PKR 50.7186
• AUD (Australian Dollar):
• Buying: PKR 137.8709
• Selling: PKR 138.1771
• CAD (Canadian Dollar):
• Buying: PKR 147.6110
• Selling: PKR 147.9272
• CHF (Swiss Franc):
• Buying: PKR 195.3761
• Selling: PKR 195.8063
• CNY (Chinese Yuan):
• Buying: PKR 29.0452
• Selling: PKR 29.1057
• EUR (Euro):
• Buying: PKR 200.9653
• Selling: PKR 201.4133
• GBP (British Pound):
• Buying: PKR 242.1157
• Selling: PKR 242.6597
• JPY (Japanese Yen):
• Buying: PKR 1.4441
• Selling: PKR 1.4473
• SAR (Saudi Riyal):
• Buying: PKR 49.5431
• Selling: PKR 49.5431
• USD (United States Dollar):
• Buying: PKR 185.7542
• Selling: PKR 186.1770
These rates are subject to fluctuations in the foreign exchange market and may vary slightly based on individual bank policies. Customers engaging in international trade, travel, or financial transactions are advised to check with their respective banks for the most up-to-date rates and any additional fees that may apply.
The SBP reiterated that the exchange rates provided are indicative and are meant for informational purposes, and users should exercise caution and verify rates with their banks before making any financial decisions. The central bank remains committed to ensuring transparency and stability in the foreign exchange market to support the overall economic well-being of the country.
