KARACHI: On Thursday, the State Bank of Pakistan (SBP) disclosed the foreign exchange rates for December 22, 2022.
These rates, determined through the weighted average rates from commercial banks, provide valuable insights into 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 22, 2022:
• UAE Dirham (AED):
• Buying: 61.3780 PKR
• Selling: 61.4876 PKR
• Australian Dollar (AUD):
• Buying: 152.2650 PKR
• Selling: 152.5321 PKR
• Canadian Dollar (CAD):
• Buying: 165.8468 PKR
• Selling: 166.1372 PKR
• Swiss Franc (CHF):
• Buying: 243.7950 PKR
• Selling: 244.2214 PKR
• Chinese Yuan (CNY):
• Buying: 32.2887 PKR
• Selling: 32.3402 PKR
• Euro (EUR):
• Buying: 239.7745 PKR
• Selling: 240.2175 PKR
• UK Pound (GBP):
• Buying: 272.9686 PKR
• Selling: 273.4814 PKR
• Japanese Yen (JPY):
• Buying: 1.7081 PKR
• Selling: 1.7111 PKR
• Saudi Riyal (SAR):
• Buying: 59.8996 PKR
• Selling: 60.0085 PKR
• US Dollar (USD):
• Buying: 225.2538 PKR
• Selling: 225.6699 PKR
These exchange rates are instrumental for businesses and individuals engaged in international trade, providing a benchmark to gauge the value of the PKR against major global currencies. The rates are computed from the weighted average rates of commercial banks, offering an accurate reflection of the ongoing market dynamics.
The USD to PKR exchange rate, a pivotal metric for economic activities, stands at 225.2538 PKR for buying and 225.6699 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 239.7745 PKR for buying and 240.2175 PKR for selling, while the UK Pound (GBP) is valued at 272.9686 PKR (buying) and 273.4814 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 61.3780 PKR (buying) and 61.4876 PKR (selling), while the SAR is at 59.8996 PKR (buying) and 60.0085 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.
