KARACHI: The State Bank of Pakistan (SBP) has released the foreign exchange rates for customers on July 07, 2022. These rates, based on the weighted average rates of commercial banks, provide valuable information for individuals and businesses involved in international trade and financial transactions.
The data issued by the SBP is compiled and disseminated for informational purposes only. These exchange rates are estimates quoted by various commercial banks to their clients, serving as indicative values in the foreign exchange market. Commercial banks use these rates as guidelines for their commercial transactions with customers.
As of July 07, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 56.6296
• Selling: PKR 56.7414
• AUD (Australian Dollar):
• Buying: PKR 141.7630
• Selling: PKR 142.0292
• CAD (Canadian Dollar):
• Buying: PKR 159.7382
• Selling: PKR 160.0365
• CHF (Swiss Franc):
• Buying: PKR 214.4911
• Selling: PKR 214.9077
• CNY (Chinese Yuan):
• Buying: PKR 31.0369
• Selling: PKR 31.0952
• EUR (Euro):
• Buying: PKR 212.2509
• Selling: PKR 212.6739
• GBP (British Pound):
• Buying: PKR 248.3661
• Selling: PKR 248.8581
• JPY (Japanese Yen):
• Buying: PKR 1.5305
• Selling: PKR 1.5335
• SAR (Saudi Riyal):
• Buying: PKR 55.3860
• Selling: PKR 55.4934
• USD (United States Dollar):
• Buying: PKR 207.8603
• Selling: PKR 208.2831
These rates serve as a reference for individuals and businesses engaged in international financial activities. It’s important to note that foreign exchange rates are subject to market fluctuations, and individuals are advised to check with their respective banks or financial institutions for the most accurate and up-to-date rates. The SBP’s customer forex rates contribute to transparency in the foreign exchange market, aiding stakeholders in making informed decisions for their financial dealings.
