Karachi, November 07, 2023: The State Bank of Pakistan (SBP) on Tuesday issued foreign currency rates for November 07, 2023.

The exchange rate is on the basis of weighted average rates of commercial banks. Following are the buying and selling of foreign currencies in Pakistan Rupee (PKR):

CURRENCY	BUYING	SELLING
AED – UAE Dirham	78.0615	78.1732
AUD – Australian Dollar	184.2303	184.5277
CAD – Canadian Dollar	208.7021	209.0171
CHF – Swiss Franc	318.0915	318.5750
CNY – Chinese Yuan	39.3681	39.4194
EUR – Euro	306.7124	307.1806
GBP – British Pound	353.0994	353.6354
JPY – Japanese Yen	1.9056	1.9084
SAR – Saudi Riyal	76.3739	76.4871
USD – US Dollar	286.4918	286.9316

The foreign exchange rates released by the State Bank of Pakistan are compiled using the weighted average buying and selling rates submitted by commercial banks.

These indicative rates are published for informational purposes and may differ from the rates offered to customers for actual transactions. Currency values are influenced by international market movements, foreign exchange demand and supply, monetary policy, and global economic developments. Importers, exporters, overseas Pakistanis, businesses, and travelers should verify the latest exchange rates with their respective banks before carrying out foreign currency transactions.

Regular monitoring of exchange rate movements can help individuals and businesses make informed financial, trade, and investment decisions while managing foreign exchange risks effectively.