KARACHI, May 18, 2022 – The State Bank of Pakistan (SBP) has released the official exchange rates for customers on Wednesday, May 18, 2022. These rates are determined based on the weighted average rates provided by commercial banks and are intended 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 18, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 53.8366
• Selling: PKR 53.9476
• AUD (Australian Dollar):
• Buying: PKR 138.7710
• Selling: PKR 139.0561
• CAD (Canadian Dollar):
• Buying: PKR 154.1413
• Selling: PKR 154.4514
• CHF (Swiss Franc):
• Buying: PKR 198.6984
• Selling: PKR 199.1107
• CNY (Chinese Yuan):
• Buying: PKR 29.3061
• Selling: PKR 29.3639
• EUR (Euro):
• Buying: PKR 208.1495
• Selling: PKR 208.5950
• GBP (British Pound):
• Buying: PKR 246.3695
• Selling: PKR 246.8907
• JPY (Japanese Yen):
• Buying: PKR 1.5302
• Selling: PKR 1.5334
• SAR (Saudi Riyal):
• Buying: PKR 52.6897
• Selling: PKR 52.7969
• USD (United States Dollar):
• Buying: PKR 197.6082
• Selling: PKR 198.0310
Exchange rates play a pivotal role in international trade and finance, and the rates provided by the SBP serve as benchmarks for businesses and individuals involved in foreign currency transactions in Pakistan.
As foreign exchange markets are subject to constant fluctuations, 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 ensuring transparency and stability in the foreign exchange market, fostering a fair and efficient system for businesses and individuals participating in cross-border transactions.
