KARACHI: On Friday, the State Bank of Pakistan (SBP) unveiled the foreign exchange rates for December 23, 2022.
These rates, determined by the weighted average rates from commercial banks, shed light on 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 23, 2022:
• UAE Dirham (AED):
• Buying: 61.4416 PKR
• Selling: 61.5512 PKR
• Australian Dollar (AUD):
• Buying: 150.9149 PKR
• Selling: 151.1915 PKR
• Canadian Dollar (CAD):
• Buying: 165.4937 PKR
• Selling: 165.7897 PKR
• Swiss Franc (CHF):
• Buying: 242.1071 PKR
• Selling: 242.5523 PKR
• Chinese Yuan (CNY):
• Buying: 32.2948 PKR
• Selling: 32.3477 PKR
• Euro (EUR):
• Buying: 239.3529 PKR
• Selling: 239.7821 PKR
• UK Pound (GBP):
• Buying: 271.6190 PKR
• Selling: 272.1207 PKR
• Japanese Yen (JPY):
• Buying: 1.7007 PKR
• Selling: 1.7037 PKR
• Saudi Riyal (SAR):
• Buying: 59.9658 PKR
• Selling: 60.0761 PKR
• US Dollar (USD):
• Buying: 225.4999 PKR
• Selling: 225.9160 PKR
These exchange rates are crucial for businesses and individuals involved in international trade, providing a reference point to understand 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 key metric for economic activities, stands at 225.4999 PKR for buying and 225.9160 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 239.3529 PKR for buying and 239.7821 PKR for selling, while the UK Pound (GBP) is valued at 271.6190 PKR (buying) and 272.1207 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 61.4416 PKR (buying) and 61.5512 PKR (selling), while the SAR is at 59.9658 PKR (buying) and 60.0761 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 State Bank of Pakistan’s regular release of these exchange rates 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.
