Karachi, November 08, 2023: The State Bank of Pakistan (SBP) on Wednesday issued foreign currency rates for November 08, 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 | 78.1205 | 78.2383 |
| AUD – Australian Dollar | 184.5045 | 184.7848 |
| CAD – Canadian Dollar | 208.1535 | 208.4677 |
| CHF – Swiss Franc | 318.1873 | 318.6920 |
| CNY – Chinese Yuan | 39.4297 | 39.4824 |
| EUR – Euro | 306.4615 | 306.9392 |
| GBP – British Pound | 352.0083 | 352.5428 |
| JPY – Japanese Yen | 1.9035 | 1.9063 |
| SAR – Saudi Riyal | 76.4342 | 76.5473 |
| USD – US Dollar | 286.7119 | 287.1517 |
The foreign exchange rates issued by the State Bank of Pakistan are based on the weighted average rates submitted by commercial banks and are intended for informational purposes. The actual exchange rates offered to customers may differ depending on the bank, transaction volume, and prevailing market conditions. Exchange rate movements are influenced by global economic trends, international currency markets, foreign exchange demand and supply, and domestic monetary policy. Importers, exporters, overseas Pakistanis, investors, and travelers are advised to check the latest buying and selling rates with their banks before carrying out foreign currency transactions. Regular monitoring of exchange rate fluctuations can help individuals and businesses make informed financial and trade-related decisions.