KARACHI, August 15, 2022 — The State Bank of Pakistan (SBP) has released the foreign exchange rates for customers on this Monday, based on the weighted average rates of commercial banks.
This information is crucial for businesses and individuals engaged in international trade, investments, and other financial activities, providing a snapshot of the current currency exchange landscape.
The foreign exchange rates released by the SBP are indicative and rely on the weighted average rates of commercial banks. The data is compiled and disseminated by the SBP for informational purposes only, aiming to keep market participants informed about the prevailing rates.
As part of the routine practice, commercial banks quote their indicative exchange rates for commercial transactions with customers. These rates serve as an estimate and are subject to change based on market conditions, economic indicators, and other relevant factors. The SBP emphasizes that these rates are provided by commercial banks and are meant for informational purposes, offering customers a reference point for their foreign exchange dealings.
As of August 15, 2022, the buying and selling rates for various foreign currencies in Pakistan Rupee (PKR) are as follows:
• AED (United Arab Emirates Dirham):
• Buying: PKR 58.2618
• Selling: PKR 58.3728
• AUD (Australian Dollar):
• Buying: PKR 151.5166
• Selling: PKR 151.8002
• CAD (Canadian Dollar):
• Buying: PKR 167.0686
• Selling: PKR 167.3782
• CHF (Swiss Franc):
• Buying: PKR 226.9012
• Selling: PKR 227.3379
• CNY (Chinese Yuan):
• Buying: PKR 31.6428
• Selling: PKR 31.6996
• EUR (Euro):
• Buying: PKR 219.0729
• Selling: PKR 219.5073
• GBP (British Pound Sterling):
• Buying: PKR 259.0003
• Selling: PKR 259.5093
• JPY (Japanese Yen):
• Buying: PKR 1.6050
• Selling: PKR 1.6082
• SAR (Saudi Riyal):
• Buying: PKR 56.9524
• Selling: PKR 57.0649
• USD (United States Dollar):
• Buying: PKR 213.8490
• Selling: PKR 214.2718
The SBP reiterates that these rates are indicative and may vary based on market fluctuations. Customers and businesses are advised to stay updated on the latest exchange rates, as they play a crucial role in determining the cost of international transactions and investments.
The foreign exchange market remains dynamic, influenced by global economic trends, geopolitical events, and market sentiment. The SBP continues to uphold transparency and efficiency in the foreign exchange market, contributing to the stability and resilience of the Pakistani economy. Market participants are encouraged to exercise diligence and stay informed to make well-informed decisions in the realm of international finance.
