KARACHI, May 16, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Monday, May 16, 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 16, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 52.6826
• Selling: PKR 52.7935
• AUD (Australian Dollar):
• Buying: PKR 133.1827
• Selling: PKR 133.4579
• CAD (Canadian Dollar):
• Buying: PKR 149.1772
• Selling: PKR 149.4835
• CHF (Swiss Franc):
• Buying: PKR 192.7727
• Selling: PKR 193.1683
• CNY (Chinese Yuan):
• Buying: PKR 28.4783
• Selling: PKR 28.5373
• EUR (Euro):
• Buying: PKR 201.1589
• Selling: PKR 201.5983
• GBP (British Pound):
• Buying: PKR 236.6517
• Selling: PKR 237.1536
• JPY (Japanese Yen):
• Buying: PKR 1.4992
• Selling: PKR 1.5023
• SAR (Saudi Riyal):
• Buying: PKR 51.5553
• Selling: PKR 51.6625
• USD (United States Dollar):
• Buying: PKR 193.3695
• Selling: PKR 193.7923
The exchange rates provided by the SBP play a crucial role in facilitating transparent and efficient foreign exchange transactions in Pakistan. These rates are vital benchmarks for businesses and individuals involved in international trade and finance.
Given the dynamic nature of foreign exchange markets, customers are advised to stay informed with their respective banks for real-time rates before engaging in any foreign currency transactions. The SBP remains committed to promoting stability and transparency in the foreign exchange market, ensuring a fair and reliable system for businesses and individuals participating in cross-border transactions.
