KARACHI: The State Bank of Pakistan (SBP) on Monday issued foreign exchange rates for May 08, 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) | 77.2776 | 77.3880 |
| Australian Dollar (AUD) | 192.3335 | 192.6077 |
| Canadian Dollar (CAD) | 212.2610 | 212.5557 |
| Swiss Franc (CHF) | 319.3191 | 319.7639 |
| Chinese Yuan (CNY) | 41.0307 | 41.0822 |
| Euro (EUR) | 313.2931 | 313.7559 |
| UK Pound (GBP) | 358.7486 | 359.2749 |
| Japanese Yen (JPY) | 2.1037 | 2.1067 |
| Saudi Riyal (SAR) | 75.5987 | 75.7066 |
| US Dollar (USD) | 283.5816 | 283.9977 |
The foreign exchange rates issued by the State Bank of Pakistan are compiled from the weighted average rates submitted by commercial banks and are intended solely for informational purposes.
Actual buying and selling rates offered to customers may vary from one bank to another depending on market conditions, transaction volume, and customer arrangements. Businesses involved in imports and exports, overseas remittance recipients, and individuals planning foreign travel should verify the latest exchange rates with their respective banks before conducting transactions.
As global financial markets, monetary policy decisions, and currency demand continue to influence exchange rates, the values may change during the trading day, making regular verification essential for accurate financial planning and foreign currency transactions.