KARACHI, May 19, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Thursday, May 19, 2022. These rates are derived from the weighted average rates provided by commercial banks and are disseminated for informational purposes only, according to an official statement by the SBP.
The SBP clarified that the data comprises 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 19, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 54.4576
• Selling: PKR 54.5687
• AUD (Australian Dollar):
• Buying: PKR 139.7821
• Selling: PKR 140.0658
• CAD (Canadian Dollar):
• Buying: PKR 155.6900
• Selling: PKR 156.0064
• CHF (Swiss Franc):
• Buying: PKR 202.7083
• Selling: PKR 203.1243
• CNY (Chinese Yuan):
• Buying: PKR 29.5715
• Selling: PKR 29.6283
• EUR (Euro):
• Buying: PKR 209.6843
• Selling: PKR 210.1268
• GBP (British Pound):
• Buying: PKR 247.2174
• Selling: PKR 247.7245
• JPY (Japanese Yen):
• Buying: PKR 1.5534
• Selling: PKR 1.5566
• SAR (Saudi Riyal):
• Buying: PKR 53.2962
• Selling: PKR 53.4028
• USD (United States Dollar):
• Buying: PKR 199.8849
• Selling: PKR 200.3077
The exchange rates provided by the SBP are crucial for businesses and individuals involved in international trade and finance, serving as a reference point for commercial transactions involving foreign currencies in Pakistan.
Given the dynamic nature of foreign exchange markets, customers are advised to stay updated with their respective banks for real-time rates before initiating any foreign currency transactions. The SBP continues to uphold its role in promoting transparency and stability in the foreign exchange market, ensuring a fair and efficient system for the benefit of businesses and individuals engaged in cross-border transactions.
