SBP’s customer forex rates – June 23, 2022

SBP’s customer forex rates – June 23, 2022

KARACHI: On June 23, 2022, the State Bank of Pakistan (SBP) issued the foreign exchange rates for customers.

These rates are based on the weighted average rates of commercial banks and are crucial for individuals and businesses engaged 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, serving as indicative values in the foreign exchange market. Commercial banks use these rates as a reference for determining their indicative exchange rates in commercial transactions with customers.

As of June 23, 2022, the buying and selling rates for various foreign currencies in Pakistani Rupees (PKR) are as follows:

• AED (United Arab Emirates Dirham):

• Buying: PKR 56.7874

• Selling: PKR 56.8983

• AUD (Australian Dollar):

• Buying: PKR 143.7204

• Selling: PKR 144.0089

• CAD (Canadian Dollar):

• Buying: PKR 160.8719

• Selling: PKR 161.1881

• CHF (Swiss Franc):

• Buying: PKR 216.7668

• Selling: PKR 217.2026

• CNY (Chinese Yuan):

• Buying: PKR 31.0956

• Selling: PKR 31.1537

• EUR (Euro):

• Buying: PKR 220.2372

• Selling: PKR 220.6835

• GBP (British Pound):

• Buying: PKR 255.2917

• Selling: PKR 255.7981

• JPY (Japanese Yen):

• Buying: PKR 1.5353

• Selling: PKR 1.5384

• SAR (Saudi Riyal):

• Buying: PKR 55.5565

• Selling: PKR 55.6637

• USD (United States Dollar):

• Buying: PKR 208.4411

• Selling: PKR 208.8639

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.