KARACHI: The State Bank of Pakistan (SBP) unveiled the foreign exchange rates for December 15, 2022, providing a crucial insight into the value of the Pakistani Rupee (PKR) against various global currencies.
These rates, based on the weighted average rates reported by commercial banks, play a significant role in shaping the economic landscape and influencing financial decisions.
Here is a detailed breakdown of the buying and selling rates for major foreign currencies in PKR on December 15, 2022:
• UAE Dirham (AED):
• Buying: 61.1755 PKR
• Selling: 61.2851 PKR
• Australian Dollar (AUD):
• Buying: 153.2680 PKR
• Selling: 153.5416 PKR
• Canadian Dollar (CAD):
• Buying: 165.5627 PKR
• Selling: 165.8597 PKR
• Swiss Franc (CHF):
• Buying: 242.4627 PKR
• Selling: 242.8878 PKR
• Chinese Yuan (CNY):
• Buying: 32.2746 PKR
• Selling: 32.3284 PKR
• Euro (EUR):
• Buying: 239.2473 PKR
• Selling: 239.6898 PKR
• UK Pound (GBP):
• Buying: 278.1831 PKR
• Selling: 278.6944 PKR
• Japanese Yen (JPY):
• Buying: 1.6547 PKR
• Selling: 1.6576 PKR
• Saudi Riyal (SAR):
• Buying: 59.7328 PKR
• Selling: 59.8398 PKR
• US Dollar (USD):
• Buying: 224.5427 PKR
• Selling: 224.9588 PKR
These rates reflect the relative strength or weakness of the PKR against major global currencies, impacting a wide range of economic activities and financial decisions.
For businesses engaged in trade with the Middle East, the buying and selling rates for the UAE Dirham (AED) and the Saudi Riyal (SAR) are particularly relevant. The AED is quoted at 61.1755 PKR (buying) and 61.2851 PKR (selling), while the SAR is at 59.7328 PKR (buying) and 59.8398 PKR (selling).
The USD to PKR exchange rate, a key indicator for economic activities, stands at 224.5427 PKR for buying and 224.9588 PKR for selling. This rate has implications for trade balances, inflation, and overall economic stability, making it a closely monitored metric by businesses and policymakers alike.
The Euro (EUR) is listed at 239.2473 PKR for buying and 239.6898 PKR for selling, while the UK Pound (GBP) is valued at 278.1831 PKR (buying) and 278.6944 PKR (selling). These rates provide insights into the relative strength or weakness of the Pakistani Rupee against major European currencies.
As businesses navigate the complexities of the global economy, these exchange rates serve as essential benchmarks for evaluating the cost of imports, the value of exports, and overall economic stability. Fluctuations in these rates can influence investment decisions and financial planning.
The State Bank of Pakistan’s regular release of these exchange rates enhances transparency and serves as a valuable resource for those navigating the intricacies of international trade. These rates will continue to be a critical reference point for financial decisions and strategic planning as economic conditions evolve.
