Karachi, November 25, 2022 – The State Bank of Pakistan (SBP) has issued the foreign exchange rates for today, providing valuable information about the buying and selling prices of various foreign currencies against the Pakistan Rupee (PKR).
These rates, based on the weighted average rates of commercial banks, play a crucial role in shaping international trade, investment, and financial transactions.
As of November 25, 2022, the exchange rates for different currencies are as follows:
• UAE Dirham (AED): Buying – 60.9631 PKR, Selling – 61.0705 PKR
• Australian Dollar (AUD): Buying – 151.4989 PKR, Selling – 151.7708 PKR
• Canadian Dollar (CAD): Buying – 167.9024 PKR, Selling – 168.2034 PKR
• Swiss Franc (CHF): Buying – 237.0565 PKR, Selling – 237.4868 PKR
• Chinese Yuan (CNY): Buying – 31.2648 PKR, Selling – 31.3191 PKR
• Euro (EUR): Buying – 233.1952 PKR, Selling – 233.6289 PKR
• UK Pound (GBP): Buying – 271.0481 PKR, Selling – 271.5410 PKR
• Japanese Yen (JPY): Buying – 1.6152 PKR, Selling – 1.6181 PKR
• Saudi Riyal (SAR): Buying – 59.5558 PKR, Selling – 59.6635 PKR
• US Dollar (USD): Buying – 223.7632 PKR, Selling – 224.1793 PKR
The US Dollar maintains its prominence in the foreign exchange market, with a buying rate of 223.7632 PKR and a selling rate of 224.1793 PKR. This underscores the consistent demand for the US Dollar in various economic transactions and trade activities.
The Euro, another major currency, stands at 233.1952 PKR (buying) and 233.6289 PKR (selling), while the UK Pound has a buying rate of 271.0481 PKR and a selling rate of 271.5410 PKR.
Exchange rate fluctuations have significant implications for the economy, influencing the cost of imports, exports, and overall economic stability. Businesses, investors, and individuals closely monitor these rates to make informed decisions and manage currency-related risks.
The State Bank of Pakistan, as the central bank, plays a crucial role in regulating and stabilizing the foreign exchange market. The timely release of exchange rates ensures transparency and provides valuable information for economic participants.
Market analysts suggest that various factors such as global economic conditions, geopolitical events, and market trends can influence exchange rate movements. Therefore, stakeholders are advised to stay informed and adapt their strategies accordingly.
In conclusion, the foreign exchange rates announced by the State Bank of Pakistan on November 25, 2022, offer valuable insights into the dynamics of the foreign exchange market. These rates serve as a reference point for businesses and individuals engaged in international transactions and contribute to the overall economic landscape of Pakistan.
