SBP’s customer exchange rates – May 17, 2022

SBP’s customer exchange rates – May 17, 2022

KARACHI, May 17, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Tuesday, May 17, 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 clarified 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 17, 2022:

• AED (United Arab Emirates Dirham):

• Buying: PKR 53.2637

• Selling: PKR 53.3747

• AUD (Australian Dollar):

• Buying: PKR 137.0508

• Selling: PKR 137.3429

• CAD (Canadian Dollar):

• Buying: PKR 152.5156

• Selling: PKR 152.8257

• CHF (Swiss Franc):

• Buying: PKR 195.3578

• Selling: PKR 195.7665

• CNY (Chinese Yuan):

• Buying: PKR 28.9033

• Selling: PKR 28.9609

• EUR (Euro):

• Buying: PKR 204.4064

• Selling: PKR 204.8369

• GBP (British Pound):

• Buying: PKR 241.6716

• Selling: PKR 242.1896

• JPY (Japanese Yen):

• Buying: PKR 1.5119

• Selling: PKR 1.5151

• SAR (Saudi Riyal):

• Buying: PKR 52.1269

• Selling: PKR 52.2334

• USD (United States Dollar):

• Buying: PKR 195.5035

• Selling: PKR 195.9263

The SBP’s provision of exchange rates is integral to facilitating transparent and efficient foreign exchange transactions in Pakistan. These rates serve as important benchmarks for businesses and individuals engaged 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 fostering stability and transparency in the foreign exchange market, ensuring a fair and reliable system for businesses and individuals involved in cross-border transactions.