KARACHI: The State Bank of Pakistan (SBP) on Monday released the official foreign exchange rates for January 30, 2023, based on the weighted average rates provided by commercial banks across the country.
These exchange rates reflect the buying and selling values of major foreign currencies against the Pakistani Rupee (PKR), and are updated daily to provide transparent and reliable information for businesses, traders, and the general public.
The SBP’s exchange rate mechanism is considered a critical tool in regulating currency markets, enhancing investor confidence, and aligning domestic rates with international market trends. As currency fluctuations have a significant impact on import-export pricing, inflation, and monetary policy, accurate exchange rates ensure financial stability and help guide economic planning.
Below are the updated exchange rates as released by the central bank for key foreign currencies:
| Currency | Buying (PKR) | Selling (PKR) |
| UAE Dirham (AED) | 73.3384 | 73.4480 |
| Australian Dollar (AUD) | 190.7118 | 191.0153 |
| Canadian Dollar (CAD) | 201.8631 | 202.1580 |
| Swiss Franc (CHF) | 292.1523 | 292.5966 |
| Chinese Yuan (CNY) | 39.8868 | 39.9431 |
| Euro (EUR) | 292.7287 | 293.1828 |
| UK Pound (GBP) | 333.5333 | 334.0490 |
| Japanese Yen (JPY) | 2.0747 | 2.0778 |
| Saudi Riyal (SAR) | 71.7117 | 71.8293 |
| US Dollar (USD) | 269.1881 | 269.6042 |
The SBP urged market participants to rely on these official rates and avoid speculative trading that may harm economic stability.