SBP’s customer forex rates – June 01, 2022

SBP’s customer forex rates – June 01, 2022

KARACHI: The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on June 01, 2022.

These rates are based on the weighted average rates of commercial banks and are provided for informational purposes only. Commercial banks utilize these estimates when quoting rates to their clients for commercial transactions.

The SBP clarified that the data is compiled and shared for informational purposes only. These exchange rates are indicative estimates presented by various commercial banks to their clients. Commercial banks utilize these rates as reference points for determining their own exchange rates in various commercial transactions with customers.

The indicative exchange rates for commercial transactions with customers are as follows:

• AED (United Arab Emirates Dirham):

• Buying: PKR 53.8211

• Selling: PKR 53.9324

• AUD (Australian Dollar):

• Buying: PKR 141.6498

• Selling: PKR 141.9405

• CAD (Canadian Dollar):

• Buying: PKR 155.9897

• Selling: PKR 156.3035

• CHF (Swiss Franc):

• Buying: PKR 205.6920

• Selling: PKR 206.1186

• CNY (Chinese Yuan):

• Buying: PKR 29.5258

• Selling: PKR 29.5842

• EUR (Euro):

• Buying: PKR 211.6879

• Selling: PKR 212.1282

• GBP (British Pound):

• Buying: PKR 248.6462

• Selling: PKR 249.1617

• JPY (Japanese Yen):

• Buying: PKR 1.5285

• Selling: PKR 1.5317

• SAR (Saudi Riyal):

• Buying: PKR 52.6770

• Selling: PKR 52.7842

• USD (United States Dollar):

• Buying: PKR 197.5548

• Selling: PKR 197.9776

These rates are vital for businesses and individuals engaged in international transactions, providing guidance for their financial activities. Since foreign exchange rates are subject to market fluctuations, individuals are advised to confirm the latest rates with their respective banks or financial institutions for the most accurate and up-to-date information. The SBP’s consistent release of customer forex rates contributes to transparency in the foreign exchange market, facilitating informed decision-making.