KARACHI, May 11, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Wednesday, May 11, 2022.
These rates are established 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 11, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 51.6807
• Selling: PKR 51.7916
• AUD (Australian Dollar):
• Buying: PKR 132.1192
• Selling: PKR 132.3974
• CAD (Canadian Dollar):
• Buying: PKR 145.8882
• Selling: PKR 146.2001
• CHF (Swiss Franc):
• Buying: PKR 190.7877
• Selling: PKR 191.1908
• CNY (Chinese Yuan):
• Buying: PKR 28.2198
• Selling: PKR 28.2780
• EUR (Euro):
• Buying: PKR 200.0575
• Selling: PKR 200.4973
• GBP (British Pound):
• Buying: PKR 234.0465
• Selling: PKR 234.5640
• JPY (Japanese Yen):
• Buying: PKR 1.4559
• Selling: PKR 1.4590
• SAR (Saudi Riyal):
• Buying: PKR 50.5787
• Selling: PKR 50.6853
• USD (United States Dollar):
• Buying: PKR 189.6891
• Selling: PKR 190.1119
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.