KARACHI: On June 10, 2022, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for customers, based on the weighted average rates of commercial banks.
These rates are crucial for individuals and businesses engaged in international transactions, providing a benchmark for various financial dealings.
The SBP emphasized that the data is compiled and disseminated for informational purposes only. These exchange rates are indicative estimates provided by various commercial banks to their clients. Banks utilize these rates as a reference for determining their own exchange rates in commercial transactions with customers.
As of June 10, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 54.9794
• Selling: PKR 55.0905
• AUD (Australian Dollar):
• Buying: PKR 143.6184
• Selling: PKR 143.9064
• CAD (Canadian Dollar):
• Buying: PKR 158.9582
• Selling: PKR 159.2715
• CHF (Swiss Franc):
• Buying: PKR 206.2000
• Selling: PKR 206.6186
• CNY (Chinese Yuan):
• Buying: PKR 30.1983
• Selling: PKR 30.2562
• EUR (Euro):
• Buying: PKR 214.5461
• Selling: PKR 214.9871
• GBP (British Pound):
• Buying: PKR 252.1473
• Selling: PKR 252.6824
• JPY (Japanese Yen):
• Buying: PKR 1.5069
• Selling: PKR 1.5100
• SAR (Saudi Riyal):
• Buying: PKR 53.7994
• Selling: PKR 53.9067
• USD (United States Dollar):
• Buying: PKR 201.7984
• Selling: PKR 202.2212
These rates serve as essential information for individuals and businesses participating 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, enabling stakeholders to make informed decisions for their financial activities.
