KARACHI, May 09, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Monday, May 09, 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 emphasized 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 09, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 51.0851
• Selling: PKR 51.1960
• AUD (Australian Dollar):
• Buying: PKR 131.3217
• Selling: PKR 131.6051
• CAD (Canadian Dollar):
• Buying: PKR 144.8684
• Selling: PKR 145.1821
• CHF (Swiss Franc):
• Buying: PKR 188.7391
• Selling: PKR 189.1509
• CNY (Chinese Yuan):
• Buying: PKR 27.9153
• Selling: PKR 27.9747
• EUR (Euro):
• Buying: PKR 197.0639
• Selling: PKR 197.5073
• GBP (British Pound):
• Buying: PKR 230.2063
• Selling: PKR 230.7201
• JPY (Japanese Yen):
• Buying: PKR 1.4305
• Selling: PKR 1.4337
• SAR (Saudi Riyal):
• Buying: PKR 49.9968
• Selling: PKR 50.1034
• USD (United States Dollar):
• Buying: PKR 187.5069
• Selling: PKR 187.9297
The SBP’s provision of exchange rates is integral to ensuring 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.