Karachi, July 4, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign exchange rates for July 4, 2023.
The exchange rate is on the basis of weighted average rates of commercial banks.
Following are the buying and selling of foreign currencies in Pakistan Rupee (PKR):
| CURRENCY | BUYING | SELLING |
| UAE Dirham (AED) | 74.6989 | 74.8042 |
| Australian Dollar (AUD) | 183.5022 | 183.7675 |
| Canadian Dollar (CAD) | 207.8103 | 208.1150 |
| Swiss Franc (CHF) | 307.0580 | 307.5150 |
| Chinese Yuan (CNY) | 38.1243 | 38.1734 |
| Euro (EUR) | 300.1437 | 300.5998 |
| UK Pound (GBP) | 349.4328 | 349.9593 |
| Japanese Yen (JPY) | 1.9044 | 1.9072 |
| Saudi Riyal (SAR) | 73.3761 | 73.4838 |
| US Dollar (USD) | 275.1378 | 275.5539 |
These SBP-issued weighted average exchange rates provide a reliable benchmark for assessing currency movements in Pakistan’s interbank market. They are widely used by financial institutions, corporates, and policymakers to evaluate trade settlements, import-export transactions, and foreign remittance flows.
Exchange rate fluctuations are influenced by multiple factors, including foreign reserves position, inflation trends, global commodity prices, and overall macroeconomic stability. Businesses engaged in international trade closely monitor these rates to manage currency risk and optimize pricing strategies. For individuals receiving remittances or making foreign payments, even small changes in exchange rates can significantly impact overall value.
Analysts suggest that monitoring SBP data regularly helps improve transparency, supports informed decision-making, and provides insight into broader economic conditions affecting the Pakistani rupee.
READ MORE: SBP’s weighted average customer exchange rates on June 27, 2023