KARACHI: On June 13, 2022, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for customers, based on the weighted average rates of commercial banks.
These rates play a crucial role in facilitating international transactions for individuals and businesses, serving as reference points for various financial dealings.
The SBP clarified that the data is compiled and disseminated solely for informational purposes. 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 13, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 55.4401
• Selling: PKR 55.5512
• AUD (Australian Dollar):
• Buying: PKR 142.8794
• Selling: PKR 143.1635
• CAD (Canadian Dollar):
• Buying: PKR 158.7619
• Selling: PKR 159.0788
• CHF (Swiss Franc):
• Buying: PKR 205.7226
• Selling: PKR 206.1365
• CNY (Chinese Yuan):
• Buying: PKR 30.2234
• Selling: PKR 30.2807
• EUR (Euro):
• Buying: PKR 213.3852
• Selling: PKR 213.8161
• GBP (British Pound):
• Buying: PKR 249.6184
• Selling: PKR 250.1213
• JPY (Japanese Yen):
• Buying: PKR 1.5095
• Selling: PKR 1.5126
• SAR (Saudi Riyal):
• Buying: PKR 54.2551
• Selling: PKR 54.3612
• USD (United States Dollar):
• Buying: PKR 203.4938
• Selling: PKR 203.9166
These rates provide valuable 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, allowing stakeholders to make informed decisions for their financial activities.
