Karachi, November 16, 2023 – The State Bank of Pakistan (SBP) has released the foreign currency rates for November 16, 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 of foreign currency rates for key currencies:
• AED (United Arab Emirates Dirham):
• Buying: 78.1819 PKR
• Selling: 78.2921 PKR
• AUD (Australian Dollar):
• Buying: 185.8327 PKR
• Selling: 186.1185 PKR
• CAD (Canadian Dollar):
• Buying: 209.4642 PKR
• Selling: 209.7842 PKR
• CHF (Swiss Franc):
• Buying: 322.9548 PKR
• Selling: 323.4622 PKR
• CNY (Chinese Yuan):
• Buying: 39.5595 PKR
• Selling: 39.6133 PKR
• EUR (Euro):
• Buying: 311.0383 PKR
• Selling: 311.5217 PKR
• GBP (British Pound Sterling):
• Buying: 355.6155 PKR
• Selling: 356.1711 PKR
• JPY (Japanese Yen):
• Buying: 1.8961 PKR
• Selling: 1.8989 PKR
• SAR (Saudi Riyal):
• Buying: 76.5166 PKR
• Selling: 76.6290 PKR
• USD (United States Dollar):
• Buying: 286.9340 PKR
• Selling: 287.3738 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.
