SBP’s customer forex rates – July 20, 2022

SBP’s customer forex rates – July 20, 2022

On Wednesday, July 20, 2022, the State Bank of Pakistan (SBP) issued the foreign exchange rates for customers, disclosing the buying and selling prices of various currencies against the Pakistani Rupee (PKR).

These rates, calculated based on the weighted average rates of commercial banks, are essential for individuals and businesses engaged in international trade and financial transactions.

The SBP clarified that the data is compiled and disseminated for informational purposes only. These exchange rates are estimates provided by various commercial banks to their clients, serving as an indicative reference for commercial transactions involving foreign currencies.

As of July 20, 2022, the buying and selling rates for major foreign currencies in PKR are as follows:

• AED (United Arab Emirates Dirham):

• Buying: 61.2777 PKR

• Selling: 61.3897 PKR

• AUD (Australian Dollar):

• Buying: 155.4213 PKR

• Selling: 155.7082 PKR

• CAD (Canadian Dollar):

• Buying: 174.7891 PKR

• Selling: 175.0982 PKR

• CHF (Swiss Franc):

• Buying: 232.1493 PKR

• Selling: 232.5663 PKR

• CNY (Chinese Yuan):

• Buying: 33.3326 PKR

• Selling: 33.3884 PKR

• EUR (Euro):

• Buying: 230.3291 PKR

• Selling: 230.7535 PKR

• GBP (British Pound Sterling):

• Buying: 270.1511 PKR

• Selling: 270.6627 PKR

• JPY (Japanese Yen):

• Buying: 1.6281 PKR

• Selling: 1.6310 PKR

• SAR (Saudi Riyal):

• Buying: 59.9009 PKR

• Selling: 60.0109 PKR

• USD (United States Dollar):

• Buying: 224.9207 PKR

• Selling: 225.3435 PKR

Commercial banks play a crucial role in facilitating international transactions by providing indicative exchange rates for commercial dealings. These rates serve as benchmarks for individuals and businesses involved in cross-border trade, travel, and financial transactions with foreign entities.

Stakeholders participating in foreign transactions are encouraged to stay informed about currency fluctuations. Individuals and businesses are advised to verify the latest and most accurate exchange rates with their respective banks before undertaking any financial activities involving foreign currencies.

The SBP’s regular disclosure of exchange rates is part of its commitment to transparency, contributing to a more informed and stable foreign exchange market in Pakistan. This initiative aligns with broader efforts to support the country’s economic stability and growth.