KARACHI: On June 22, 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, play a crucial role in facilitating international financial transactions for individuals and businesses.
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, serving as 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 22, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 57.5616
• Selling: PKR 57.6713
• AUD (Australian Dollar):
• Buying: PKR 146.1499
• Selling: PKR 146.4306
• CAD (Canadian Dollar):
• Buying: PKR 162.9071
• Selling: PKR 163.2232
• CHF (Swiss Franc):
• Buying: PKR 218.3241
• Selling: PKR 218.7518
• CNY (Chinese Yuan):
• Buying: PKR 31.4429
• Selling: PKR 31.5006
• EUR (Euro):
• Buying: PKR 221.8642
• Selling: PKR 222.2974
• GBP (British Pound):
• Buying: PKR 258.4466
• Selling: PKR 258.9637
• JPY (Japanese Yen):
• Buying: PKR 1.5491
• Selling: PKR 1.5521
• SAR (Saudi Riyal):
• Buying: PKR 56.3159
• Selling: PKR 56.4231
• USD (United States Dollar):
• Buying: PKR 211.2769
• Selling: PKR 211.6997
These rates provide valuable information for individuals and businesses involved in international financial activities. Foreign exchange rates are subject to market fluctuations, and individuals are encouraged 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.
