KARACHI: On Tuesday, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for December 20, 2022.
These rates, calculated based on the weighted average rates from commercial banks, provide crucial information about 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 20, 2022:
• UAE Dirham (AED):
• Buying: 61.2948 PKR
• Selling: 61.4039 PKR
• Australian Dollar (AUD):
• Buying: 149.7964 PKR
• Selling: 150.0714 PKR
• Canadian Dollar (CAD):
• Buying: 164.5598 PKR
• Selling: 164.8530 PKR
• Swiss Franc (CHF):
• Buying: 242.2691 PKR
• Selling: 242.7064 PKR
• Chinese Yuan (CNY):
• Buying: 32.2373 PKR
• Selling: 32.2956 PKR
• Euro (EUR):
• Buying: 238.5164 PKR
• Selling: 238.9454 PKR
• UK Pound (GBP):
• Buying: 273.1399 PKR
• Selling: 273.6565 PKR
• Japanese Yen (JPY):
• Buying: 1.6902 PKR
• Selling: 1.6932 PKR
• Saudi Riyal (SAR):
• Buying: 59.8190 PKR
• Selling: 59.9286 PKR
• US Dollar (USD):
• Buying: 224.9583 PKR
• Selling: 225.3743 PKR
These exchange rates are essential for businesses and individuals involved in international trade, offering a benchmark to assess the value of the PKR against major global currencies. The rates are determined from the weighted average rates of commercial banks, providing an accurate reflection of the ongoing market dynamics.
The USD to PKR exchange rate, a critical metric for economic activities, stands at 224.9583 PKR for buying and 225.3743 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 238.5164 PKR for buying and 238.9454 PKR for selling, while the UK Pound (GBP) is valued at 273.1399 PKR (buying) and 273.6565 PKR (selling). These rates offer valuable insights into the relative strength or weakness of the Pakistani Rupee against major European currencies.
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 crucial indicators. The AED is quoted at 61.2948 PKR (buying) and 61.4039 PKR (selling), while the SAR is at 59.8190 PKR (buying) and 59.9286 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.
