KARACHI: On Monday, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for December 19, 2022.
These rates, computed based on the weighted average rates from commercial banks, provide a comprehensive overview of the current valuation of the Pakistani Rupee (PKR) against various foreign currencies.
Here’s a detailed breakdown of the buying and selling rates for key foreign currencies in PKR on December 19, 2022:
• UAE Dirham (AED):
• Buying: 61.2397 PKR
• Selling: 61.3487 PKR
• Australian Dollar (AUD):
• Buying: 150.8185 PKR
• Selling: 151.0874 PKR
• Canadian Dollar (CAD):
• Buying: 164.4844 PKR
• Selling: 164.7776 PKR
• Swiss Franc (CHF):
• Buying: 241.2316 PKR
• Selling: 241.6597 PKR
• Chinese Yuan (CNY):
• Buying: 32.2199 PKR
• Selling: 32.2741 PKR
• Euro (EUR):
• Buying: 238.8483 PKR
• Selling: 239.2900 PKR
• UK Pound (GBP):
• Buying: 273.8713 PKR
• Selling: 274.3892 PKR
• Japanese Yen (JPY):
• Buying: 1.6530 PKR
• Selling: 1.6559 PKR
• Saudi Riyal (SAR):
• Buying: 59.7738 PKR
• Selling: 59.8807 PKR
• US Dollar (USD):
• Buying: 224.7701 PKR
• Selling: 225.1862 PKR
These exchange rates are pivotal for businesses and individuals engaged in international trade, providing a benchmark to evaluate the value of the PKR against major global currencies. The rates are determined from the weighted average rates of commercial banks, offering an accurate reflection of the ongoing market dynamics.
The USD to PKR exchange rate, a vital metric for economic activities, stands at 224.7701 PKR for buying and 225.1862 PKR for selling. This exchange rate is closely monitored by various stakeholders, including businesses, investors, and policymakers, as it holds significant implications for trade balances, inflation, and overall economic stability.
The Euro (EUR) is listed at 238.8483 PKR for buying and 239.2900 PKR for selling, while the UK Pound (GBP) is valued at 273.8713 PKR (buying) and 274.3892 PKR (selling). These rates offer valuable insights into the relative strength or weakness of the Pakistani Rupee against major European currencies.
For businesses involved in trade with the Middle East, the buying and selling rates for the UAE Dirham (AED) and the Saudi Riyal (SAR) are crucial indicators. The AED is quoted at 61.2397 PKR (buying) and 61.3487 PKR (selling), while the SAR is at 59.7738 PKR (buying) and 59.8807 PKR (selling).
It is imperative for businesses and individuals participating in international transactions to stay informed about these exchange rates, as they directly influence the cost of imports, the value of exports, and overall economic stability. Fluctuations in these rates can also impact investment decisions and financial planning.
The regular release of these exchange rates by the State Bank of Pakistan enhances transparency and provides a valuable resource for those navigating the intricacies of the global economy. As economic conditions evolve, these rates will continue to be a critical reference point for financial decisions and strategic planning.
