KARACHI: The State Bank of Pakistan (SBP) on Thursday issued foreign exchange rates for March 02, 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) | 76.7614 | 76.8710 |
| Australian Dollar (AUD) | 189.8796 | 190.1511 |
| Canadian Dollar (CAD) | 206.9902 | 207.2889 |
| Swiss Franc (CHF) | 298.8944 | 299.3293 |
| Chinese Yuan (CNY | 40.8552 | 40.9112 |
| Euro (EUR) | 299.8915 | 300.3280 |
| Euro (EUR) | 337.7598 | 338.2589 |
| Japanese Yen (JPY) | 2.0617 | 2.0646 |
| Saudi Riyal (SAR) | 75.0885 | 75.1946 |
| US Dollar (USD) | 281.7574 | 282.1735 |
The exchange rates issued by the State Bank of Pakistan are based on the weighted average rates submitted by commercial banks and are published for informational purposes.
The actual rates offered to customers may vary depending on the bank, transaction size, and prevailing market conditions. Businesses engaged in international trade, overseas Pakistanis sending remittances, and individuals planning foreign travel should confirm the latest buying and selling rates with their respective banks before carrying out any transaction.
As currency values are influenced by global economic developments, monetary policy decisions, and foreign exchange market activity, exchange rates may change throughout the trading day, making regular verification essential for accurate financial planning and currency conversions.