KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on July 14, 2022. These rates, based on the weighted average rates of commercial banks, play a crucial role in guiding transactions involving foreign currencies.
The data released by the SBP is compiled and shared for informational purposes only. These exchange rates are estimates provided by various commercial banks to their clients and serve as indicative values in the foreign exchange market. Commercial banks use these rates as guidelines for commercial transactions with their customers.
As of July 14, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 57.0225
• Selling: PKR 57.1319
• AUD (Australian Dollar):
• Buying: PKR 141.5489
• Selling: PKR 141.8228
• CAD (Canadian Dollar):
• Buying: PKR 160.9495
• Selling: PKR 161.2624
• CHF (Swiss Franc):
• Buying: PKR 212.9458
• Selling: PKR 213.3593
• CNY (Chinese Yuan):
• Buying: PKR 31.0934
• Selling: PKR 31.1505
• EUR (Euro):
• Buying: PKR 209.8803
• Selling: PKR 210.3057
• GBP (British Pound):
• Buying: PKR 248.0725
• Selling: PKR 248.5712
• JPY (Japanese Yen):
• Buying: PKR 1.5096
• Selling: PKR 1.5125
• SAR (Saudi Riyal):
• Buying: PKR 55.7592
• Selling: PKR 55.8663
• USD (United States Dollar):
• Buying: PKR 209.3023
• Selling: PKR 209.7251
These rates provide valuable information for individuals and businesses engaged in international trade, travel, and other cross-border transactions. The foreign exchange market is influenced by various factors, and these rates reflect the current market conditions.
As a reminder, foreign exchange rates are subject to fluctuations, and market participants 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 activities.
