Karachi, November 14, 2023 – The State Bank of Pakistan (SBP) has released the foreign currency rates for November 14, 2023, providing insight into the exchange rates against the Pakistan Rupee (PKR).
The rates, based on the weighted average rates of commercial banks, reflect the buying and selling prices for various foreign currencies.
Here is the breakdown of the buying and selling rates for key currencies:
• AED (United Arab Emirates Dirham):
• Buying: 78.4001 PKR
• Selling: 78.5157 PKR
• AUD (Australian Dollar):
• Buying: 183.2708 PKR
• Selling: 183.5475 PKR
• CAD (Canadian Dollar):
• Buying: 208.2593 PKR
• Selling: 208.5719 PKR
• CHF (Swiss Franc):
• Buying: 318.9206 PKR
• Selling: 319.4142 PKR
• CNY (Chinese Yuan):
• Buying: 39.4698 PKR
• Selling: 39.5220 PKR
• EUR (Euro):
• Buying: 307.8756 PKR
• Selling: 308.3523 PKR
• GBP (British Pound Sterling):
• Buying: 353.2427 PKR
• Selling: 353.7814 PKR
• JPY (Japanese Yen):
• Buying: 1.8969 PKR
• Selling: 1.8997 PKR
• SAR (Saudi Riyal):
• Buying: 76.7222 PKR
• Selling: 76.8353 PKR
• USD (United States Dollar):
• Buying: 287.7289 PKR
• Selling: 288.1686 PKR
The release of these rates plays a crucial role in facilitating international trade, investments, and financial transactions. The exchange rates provided by the SBP are indicative of the value of the Pakistani Rupee against major global currencies. Businesses, traders, and individuals can use this information to make informed decisions regarding currency exchanges and financial transactions in the global market.
It is essential for the public and stakeholders to stay updated on these currency rates, as they can have a significant impact on various economic activities and individual financial planning. The SBP regularly updates and publishes these rates to ensure transparency and accessibility of information in the foreign exchange market.
