KARACHI, May 25, 2022 — The State Bank of Pakistan (SBP) has released the foreign exchange rates for customers on Wednesday, May 25, 2022.
These rates are computed based on the weighted average rates of commercial banks, providing a crucial insight into the current dynamics of the foreign exchange market.
The SBP has clarified that the data is compiled and disseminated strictly for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients. Serving as benchmarks, these rates enable commercial banks to set indicative exchange rates for facilitating commercial transactions with their customers.
The buying and selling rates for various foreign currencies in Pakistani Rupee (PKR) as provided by the SBP are as follows:
• AED (United Arab Emirates Dirham):
• Buying Rate: 55.0376 PKR
• Selling Rate: 55.1497 PKR
• AUD (Australian Dollar):
• Buying Rate: 143.5594 PKR
• Selling Rate: 143.8413 PKR
• CAD (Canadian Dollar):
• Buying Rate: 157.4664 PKR
• Selling Rate: 157.7682 PKR
• CHF (Swiss Franc):
• Buying Rate: 209.9480 PKR
• Selling Rate: 210.3673 PKR
• CNY (Chinese Yuan):
• Buying Rate: 30.2949 PKR
• Selling Rate: 30.3565 PKR
• EUR (Euro):
• Buying Rate: 216.2492 PKR
• Selling Rate: 216.7034 PKR
• GBP (British Pound):
• Buying Rate: 253.2570 PKR
• Selling Rate: 253.7718 PKR
• JPY (Japanese Yen):
• Buying Rate: 1.5910 PKR
• Selling Rate: 1.5941 PKR
• SAR (Saudi Riyal):
• Buying Rate: 53.8652 PKR
• Selling Rate: 53.9727 PKR
• USD (United States Dollar):
• Buying Rate: 202.0177 PKR
• Selling Rate: 202.4405 PKR
Market participants and businesses engaged in foreign exchange transactions are advised to consider these indicative rates, recognizing that they are subject to market fluctuations. The SBP underscores that the rates are intended for informational purposes only, emphasizing the importance of staying informed for prudent financial decision-making.
