KARACHI: The State Bank of Pakistan (SBP) published the foreign exchange rates for customers on June 08, 2022, based on the weighted average rates of commercial banks.
These rates are fundamental for individuals and businesses engaged in international transactions, providing a snapshot of the prevailing currency values.
The SBP clarified that the data is compiled and shared for informational purposes only. These exchange rates serve as indicative estimates quoted by various commercial banks to their clients. Banks use these rates as benchmarks for determining their own exchange rates in various commercial transactions with customers.
As of June 08, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 54.8885
• Selling: PKR 54.9996
• AUD (Australian Dollar):
• Buying: PKR 145.1027
• Selling: PKR 145.3906
• CAD (Canadian Dollar):
• Buying: PKR 160.6493
• Selling: PKR 160.9655
• CHF (Swiss Franc):
• Buying: PKR 206.7950
• Selling: PKR 207.2040
• CNY (Chinese Yuan):
• Buying: PKR 30.2118
• Selling: PKR 30.2718
• EUR (Euro):
• Buying: PKR 215.4082
• Selling: PKR 215.8588
• GBP (British Pound):
• Buying: PKR 253.1988
• Selling: PKR 253.7127
• JPY (Japanese Yen):
• Buying: PKR 1.5130
• Selling: PKR 1.5161
• SAR (Saudi Riyal):
• Buying: PKR 53.7148
• Selling: PKR 53.8209
• USD (United States Dollar):
• Buying: PKR 201.4693
• Selling: PKR 201.8921
These rates offer crucial information for individuals and businesses involved in international financial transactions. It’s important to note that foreign exchange rates are subject to market fluctuations, and individuals should verify the latest rates with their respective banks or financial institutions for the most accurate and up-to-date information. The SBP’s release of customer forex rates contributes to transparency in the foreign exchange market, aiding informed decision-making for financial activities.
