KARACHI: The State Bank of Pakistan (SBP) has disclosed the foreign exchange rates for December 14, 2022, shedding light on the strength of the Pakistani Rupee (PKR) against various international currencies.
These rates, established on the basis of the weighted average rates reported by commercial banks, provide a comprehensive overview of the economic landscape and influence financial decisions.
Here is a detailed breakdown of the buying and selling rates for major foreign currencies in PKR on December 14, 2022:
• UAE Dirham (AED):
• Buying: 61.1673 PKR
• Selling: 61.2764 PKR
• Australian Dollar (AUD):
• Buying: 153.7183 PKR
• Selling: 153.9893 PKR
• Canadian Dollar (CAD):
• Buying: 165.5640 PKR
• Selling: 165.8590 PKR
• Swiss Franc (CHF):
• Buying: 241.7417 PKR
• Selling: 242.1783 PKR
• Chinese Yuan (CNY):
• Buying: 32.2792 PKR
• Selling: 32.3313 PKR
• Euro (EUR):
• Buying: 238.7620 PKR
• Selling: 239.2039 PKR
• UK Pound (GBP):
• Buying: 277.5081 PKR
• Selling: 278.0177 PKR
• Japanese Yen (JPY):
• Buying: 1.6579 PKR
• Selling: 1.6608 PKR
• Saudi Riyal (SAR):
• Buying: 59.7203 PKR
• Selling: 59.8266 PKR
• US Dollar (USD):
• Buying: 224.5125 PKR
• Selling: 224.9286 PKR
These rates serve as a vital benchmark for businesses, investors, and policymakers, guiding financial decisions and shaping economic strategies. The buying and selling rates for the UAE Dirham (AED) and Saudi Riyal (SAR) are particularly significant for businesses engaged in trade with the Middle East, standing at 61.1673 PKR and 61.2764 PKR for AED and 59.7203 PKR and 59.8266 PKR for SAR, respectively.
The USD to PKR exchange rate, a key indicator for economic activities, is at 224.5125 PKR for buying and 224.9286 PKR for selling. This rate plays a crucial role in determining trade balances, inflation, and overall economic stability. As a closely monitored metric, it influences various sectors and financial markets.
The Euro (EUR) is quoted at 238.7620 PKR for buying and 239.2039 PKR for selling, while the UK Pound (GBP) stands at 277.5081 PKR for buying and 278.0177 PKR for selling. These rates provide insights into the performance of the Pakistani Rupee against major European currencies.
As businesses and investors navigate the complexities of the global economy, these exchange rates act as indispensable tools for evaluating the cost of imports, the value of exports, and overall economic stability. Fluctuations in these rates can impact investment decisions and financial planning, making them a critical reference for strategic decision-making.
The State Bank of Pakistan’s regular release of foreign exchange rates enhances transparency and serves as a valuable resource for those involved in international trade. These rates will continue to be instrumental in financial decision-making and strategic planning as economic conditions evolve.
