SBP’s customer forex rates – July 18, 2022 have been issued by the State Bank of Pakistan to provide a reference for buying and selling foreign currencies.
The State Bank of Pakistan (SBP) has issued the foreign exchange rates for customers, effective from July 18, 2022. These rates, compiled on the basis of the weighted average rates of commercial banks, provide a reference for buying and selling foreign currencies in Pakistan Rupee (PKR).
The SBP clarified that the data is compiled and disseminated for informational purposes only. The exchange rates represent estimates quoted by various commercial banks to their clients and serve as indicative values for commercial transactions.
Here is a summary of the buying and selling rates for selected foreign currencies in Pakistan Rupee (PKR):
1. AED (United Arab Emirates Dirham):
• Buying: PKR 57.7194
• Selling: PKR 57.8164
2. AUD (Australian Dollar):
• Buying: PKR 144.0471
• Selling: PKR 144.3162
3. CAD (Canadian Dollar):
• Buying: PKR 163.0329
• Selling: PKR 163.3388
4. CHF (Swiss Franc):
• Buying: PKR 217.0826
• Selling: PKR 217.4959
5. CNY (Chinese Yuan):
• Buying: PKR 31.4151
• Selling: PKR 31.4714
6. EUR (Euro):
• Buying: PKR 213.7606
• Selling: PKR 214.1906
7. GBP (British Pound):
• Buying: PKR 251.7864
• Selling: PKR 252.2876
8. JPY (Japanese Yen):
• Buying: PKR 1.5320
• Selling: PKR 1.5350
9. SAR (Saudi Riyal):
• Buying: PKR 56.4253
• Selling: PKR 56.5325
10. USD (United States Dollar):
• Buying: PKR 211.8621
• Selling: PKR 212.2849
These rates provide valuable information for individuals and businesses engaged in international trade, travel, and financial transactions. The SBP encourages users to consider these rates as indicative and seek real-time rates from their respective banks for precise and up-to-date transactions.
This release follows the central bank’s commitment to transparency in the foreign exchange market, allowing stakeholders to make informed decisions in a dynamic economic environment. It is important for customers and businesses involved in cross-border transactions to stay informed about currency exchange rates to optimize financial decisions.
