KARACHI, May 12, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, May 12, 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 12, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 52.1511
• Selling: PKR 52.2624
• AUD (Australian Dollar):
• Buying: PKR 131.9777
• Selling: PKR 132.2568
• CAD (Canadian Dollar):
• Buying: PKR 147.0379
• Selling: PKR 147.3431
• CHF (Swiss Franc):
• Buying: PKR 192.3500
• Selling: PKR 192.7490
• CNY (Chinese Yuan):
• Buying: PKR 28.2833
• Selling: PKR 28.3412
• EUR (Euro):
• Buying: PKR 200.9381
• Selling: PKR 201.3804
• GBP (British Pound):
• Buying: PKR 233.6569
• Selling: PKR 234.1633
• JPY (Japanese Yen):
• Buying: PKR 1.4807
• Selling: PKR 1.4839
• SAR (Saudi Riyal):
• Buying: PKR 51.0395
• Selling: PKR 51.1467
• USD (United States Dollar):
• Buying: PKR 191.4204
• Selling: PKR 191.8432
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.
