Karachi, November 15, 2023 – The State Bank of Pakistan (SBP) has released the foreign currency rates for November 15, 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: 78.4828 PKR
• Selling: 78.6000 PKR
• AUD (Australian Dollar):
• Buying: 187.3022 PKR
• Selling: 187.5889 PKR
• CAD (Canadian Dollar):
• Buying: 210.4733 PKR
• Selling: 210.7890 PKR
• CHF (Swiss Franc):
• Buying: 324.1111 PKR
• Selling: 324.6239 PKR
• CNY (Chinese Yuan):
• Buying: 39.8069 PKR
• Selling: 39.8612 PKR
• EUR (Euro):
• Buying: 313.3139 PKR
• Selling: 313.7899 PKR
• GBP (British Pound Sterling):
• Buying: 359.6660 PKR
• Selling: 360.2095 PKR
• JPY (Japanese Yen):
• Buying: 1.9124 PKR
• Selling: 1.9152 PKR
• SAR (Saudi Riyal):
• Buying: 76.8064 PKR
• Selling: 76.9203 PKR
• USD (United States Dollar):
• Buying: 288.0458 PKR
• Selling: 288.4856 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.
