KARACHI: On Tuesday, the State Bank of Pakistan (SBP) released the foreign exchange rates for December 27, 2022.
These rates, established on the basis of weighted average rates from commercial banks, provide a comprehensive view 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 27, 2022:
• UAE Dirham (AED):
• Buying: 61.5668 PKR
• Selling: 61.6765 PKR
• Australian Dollar (AUD):
• Buying: 152.8454 PKR
• Selling: 153.1170 PKR
• Canadian Dollar (CAD):
• Buying: 166.8331 PKR
• Selling: 167.1284 PKR
• Swiss Franc (CHF):
• Buying: 242.9733 PKR
• Selling: 243.4109 PKR
• Chinese Yuan (CNY):
• Buying: 32.4843 PKR
• Selling: 32.5362 PKR
• Euro (EUR):
• Buying: 240.9170 PKR
• Selling: 241.3497 PKR
• UK Pound (GBP):
• Buying: 273.4304 PKR
• Selling: 273.9312 PKR
• Japanese Yen (JPY):
• Buying: 1.7011 PKR
• Selling: 1.7041 PKR
• Saudi Riyal (SAR):
• Buying: 60.0846 PKR
• Selling: 60.1949 PKR
• US Dollar (USD):
• Buying: 225.9702 PKR
• Selling: 226.3863 PKR
These exchange rates are crucial for businesses and individuals involved in international trade, serving as a reference point to understand the value of the PKR against major global currencies. The rates are derived from the weighted average rates of commercial banks, providing an accurate reflection of the ongoing market dynamics.
The USD to PKR exchange rate, a key metric for economic activities, stands at 225.9702 PKR for buying and 226.3863 PKR for selling. This exchange rate is closely monitored by various stakeholders, including businesses, investors, and policymakers, as it has significant implications for trade balances, inflation, and overall economic stability.
The Euro (EUR) is trading at 240.9170 PKR for buying and 241.3497 PKR for selling, while the UK Pound (GBP) is valued at 273.4304 PKR (buying) and 273.9312 PKR (selling). These rates provide 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 61.5668 PKR (buying) and 61.6765 PKR (selling), while the SAR is at 60.0846 PKR (buying) and 60.1949 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.
