Karachi, August 30, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign exchange rates for August 30, 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 |
| AED– UAE Dirham | 82.8850 | 82.9956 |
| AUD– Australian Dollar | 196.8014 | 197.0638 |
| CAD– Canadian Dollar | 224.2226 | 224.5224 |
| CHF– Swiss Franc | 346.0777 | 346.5486 |
| CNY– Chinese Yuan | 41.7446 | 41.7948 |
| EUR– Euro | 330.6922 | 331.1485 |
| GBP– British Pound | 384.3149 | 384.8457 |
| JPY– Japanese Yen | 2.0792 | 2.0820 |
| SAR– Saudi Riyal | 81.1040 | 81.2110 |
| USD– US Dollar | 304.2233 | 304.6394 |
The exchange rates issued by the State Bank of Pakistan serve as an important benchmark for financial institutions, importers, exporters, and investors engaged in international trade. These rates reflect interbank market trends and may differ slightly from open market rates offered by exchange companies.
Fluctuations in currency values are influenced by global economic conditions, geopolitical developments, and domestic monetary policies. Businesses dealing in foreign currencies closely track these movements to manage risks and plan transactions effectively. Individuals sending remittances or planning overseas travel are also advised to monitor daily updates to make informed financial decisions and minimize potential exchange losses.
Disclaimer: The rates mentioned are indicative and subject to change without notice. Actual transaction rates may vary depending on the financial institution and market conditions at the time of exchange.
