SBP’s customer forex rates – June 16, 2022

SBP’s customer forex rates – June 16, 2022

KARACHI: On June 16, 2022, the State Bank of Pakistan (SBP) released the foreign exchange rates for customers.

These rates, based on the weighted average rates of commercial banks, are fundamental for individuals and businesses participating in international financial transactions.

The SBP emphasizes that the data is compiled and disseminated for informational purposes only. These exchange rates are estimates quoted by various commercial banks to their clients, providing indicative values in the foreign exchange market. Commercial banks utilize these rates as a reference for determining their indicative exchange rates in commercial transactions with customers.

As of June 16, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:

• AED (United Arab Emirates Dirham):

• Buying: PKR 56.2425

• Selling: PKR 56.3546

• AUD (Australian Dollar):

• Buying: PKR 144.6030

• Selling: PKR 144.8767

• CAD (Canadian Dollar):

• Buying: PKR 160.0212

• Selling: PKR 160.3289

• CHF (Swiss Franc):

• Buying: PKR 207.4155

• Selling: PKR 207.8197

• CNY (Chinese Yuan):

• Buying: PKR 30.8152

• Selling: PKR 30.8757

• EUR (Euro):

• Buying: PKR 215.4511

• Selling: PKR 215.8949

• GBP (British Pound):

• Buying: PKR 250.7995

• Selling: PKR 251.2993

• JPY (Japanese Yen):

• Buying: PKR 1.5373

• Selling: PKR 1.5403

• SAR (Saudi Riyal):

• Buying: PKR 55.0265

• Selling: PKR 55.1340

• USD (United States Dollar):

• Buying: PKR 206.4404

• Selling: PKR 206.8632

These rates are vital for individuals and businesses engaging in international financial activities. It is crucial to note that foreign exchange rates are subject to market fluctuations, and individuals are advised to verify the latest rates with their respective banks or financial institutions for accurate and up-to-date information. The SBP’s customer forex rates contribute to transparency in the foreign exchange market, assisting stakeholders in making informed decisions for their financial transactions.