KARACHI, May 06, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Friday, May 06, 2022.
These rates are determined based on the weighted average rates provided by commercial banks and are disseminated for informational purposes only, according to a statement by the SBP.
The SBP reiterated that the data represents estimates quoted by various commercial banks to their clients and serves as indicative exchange rates for commercial transactions between banks and customers.
Here are the buying and selling rates for major foreign currencies in Pakistan Rupees (PKR) as of May 06, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 50.7505
• Selling: PKR 50.8614
• AUD (Australian Dollar):
• Buying: PKR 132.1971
• Selling: PKR 132.4840
• CAD (Canadian Dollar):
• Buying: PKR 145.0418
• Selling: PKR 145.3568
• CHF (Swiss Franc):
• Buying: PKR 188.7450
• Selling: PKR 189.1669
• CNY (Chinese Yuan):
• Buying: PKR 27.8973
• Selling: PKR 27.9569
• EUR (Euro):
• Buying: PKR 196.0417
• Selling: PKR 196.4741
• GBP (British Pound):
• Buying: PKR 230.1519
• Selling: PKR 230.6788
• JPY (Japanese Yen):
• Buying: PKR 1.4261
• Selling: PKR 1.4293
• SAR (Saudi Riyal):
• Buying: PKR 49.6713
• Selling: PKR 49.7785
• USD (United States Dollar):
• Buying: PKR 186.2731
• Selling: PKR 186.6959
The SBP’s provision of exchange rates is crucial for maintaining transparent and efficient foreign exchange transactions in Pakistan. These rates are significant benchmarks for businesses and individuals involved in international trade and finance.
Customers are advised to stay informed with their respective banks for real-time rates before engaging in any foreign currency transactions due to the dynamic nature of foreign exchange markets. The SBP remains committed to fostering stability and transparency in the foreign exchange market, ensuring a fair and reliable system for businesses and individuals participating in cross-border transactions.
