KARACHI, May 20, 2022 – The State Bank of Pakistan (SBP) has issued the official exchange rates for customers on Friday, May 20, 2022. These rates are based on the weighted average rates provided by commercial banks and are meant for informational purposes only, according to an official statement by the SBP.
The data released by the SBP reflects the exchange rates quoted by various commercial banks to their clients. These rates are indicative and are primarily used for commercial transactions between the banks and their customers. It’s important to note that these rates are estimates and may vary slightly depending on the bank and specific transaction details.
Here are the buying and selling rates for major foreign currencies in Pakistan Rupees (PKR) as of May 20, 2022:
• AED (United Arab Emirates Dirham):
• Buying: PKR 54.5670
• Selling: PKR 54.6781
• AUD (Australian Dollar):
• Buying: PKR 140.9844
• Selling: PKR 141.2662
• CAD (Canadian Dollar):
• Buying: PKR 156.4368
• Selling: PKR 156.7461
• CHF (Swiss Franc):
• Buying: PKR 206.3113
• Selling: PKR 206.7338
• CNY (Chinese Yuan):
• Buying: PKR 29.9190
• Selling: PKR 29.9825
• EUR (Euro):
• Buying: PKR 211.9919
• Selling: PKR 212.4373
• GBP (British Pound):
• Buying: PKR 249.8244
• Selling: PKR 250.3392
• JPY (Japanese Yen):
• Buying: PKR 1.5675
• Selling: PKR 1.5706
• SAR (Saudi Riyal):
• Buying: PKR 53.4045
• Selling: PKR 53.5099
• USD (United States Dollar):
• Buying: PKR 200.2885
• Selling: PKR 200.7113
The exchange rates provided by the SBP serve as a benchmark for commercial transactions involving foreign currencies in Pakistan. Individuals and businesses engaging in international trade and finance often refer to these rates for their transactions.
It’s worth emphasizing that exchange rates are subject to market fluctuations and may change throughout the day. Customers are advised to check with their respective banks for the most up-to-date rates before conducting any foreign currency transactions.
The SBP continues to play a crucial role in maintaining stability and transparency in the foreign exchange market, ensuring a fair and efficient system for businesses and individuals engaged in cross-border transactions.
