Karachi, November 30, 2022 – The State Bank of Pakistan (SBP) has published the foreign exchange rates for today, offering a glimpse into 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 30, 2022, the exchange rates for different currencies are as follows:
• UAE Dirham (AED): Buying – 60.9615 PKR, Selling – 61.0689 PKR
• Australian Dollar (AUD): Buying – 149.9177 PKR, Selling – 150.1937 PKR
• Canadian Dollar (CAD): Buying – 164.8907 PKR, Selling – 165.1855 PKR
• Swiss Franc (CHF): Buying – 234.6874 PKR, Selling – 235.1205 PKR
• Chinese Yuan (CNY): Buying – 31.3178 PKR, Selling – 31.3729 PKR
• Euro (EUR): Buying – 231.5374 PKR, Selling – 231.9562 PKR
• UK Pound (GBP): Buying – 267.6991 PKR, Selling – 268.2045 PKR
• Japanese Yen (JPY): Buying – 1.6149 PKR, Selling – 1.6178 PKR
• Saudi Riyal (SAR): Buying – 59.5362 PKR, Selling – 59.6438 PKR
• US Dollar (USD): Buying – 223.7539 PKR, Selling – 224.1700 PKR
The US Dollar remains a key player in the foreign exchange market, with a buying rate of 223.7539 PKR and a selling rate of 224.1700 PKR. This indicates the persistent demand for the US Dollar in various economic transactions and trade activities.
The Euro, another major currency, stands at 231.5374 PKR (buying) and 231.9562 PKR (selling), while the UK Pound has a buying rate of 267.6991 PKR and a selling rate of 268.2045 PKR.
Fluctuations in exchange rates can 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 vital 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 30, 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.
