KARACHI: On June 14, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers.
These rates, computed based on the weighted average rates of commercial banks, are crucial for facilitating international transactions for individuals and businesses.
The SBP clarified that the data is compiled and disseminated solely for informational purposes. These exchange rates are approximations provided by various commercial banks to their clients. Commercial banks use these indicative rates for determining their exchange rates in commercial transactions with customers.
As of June 14, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 55.8434
• Selling: PKR 55.9545
• AUD (Australian Dollar):
• Buying: PKR 142.7043
• Selling: PKR 142.9859
• CAD (Canadian Dollar):
• Buying: PKR 159.2124
• Selling: PKR 159.5307
• CHF (Swiss Franc):
• Buying: PKR 205.9152
• Selling: PKR 206.3272
• CNY (Chinese Yuan):
• Buying: PKR 30.4888
• Selling: PKR 30.5470
• EUR (Euro):
• Buying: PKR 213.9258
• Selling: PKR 214.3682
• GBP (British Pound):
• Buying: PKR 249.7416
• Selling: PKR 250.2519
• JPY (Japanese Yen):
• Buying: PKR 1.5230
• Selling: PKR 1.5261
• SAR (Saudi Riyal):
• Buying: PKR 54.6471
• Selling: PKR 54.7536
• USD (United States Dollar):
• Buying: PKR 204.9744
• Selling: PKR 205.3972
These rates are essential 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 stakeholders in making informed decisions for their financial activities.