The State Bank of Pakistan (SBP) has announced the foreign exchange rates for customers on August 17, 2022. These rates are based on the weighted average rates of commercial banks, reflecting the buying and selling prices of various foreign currencies against the Pakistani Rupee (PKR).
The data, compiled and disseminated by the SBP, is intended for informational purposes only. These exchange rates represent estimates quoted by commercial banks to their clients and are indicative of the rates for commercial transactions with customers.
As of August 17, 2022, the buying and selling rates for major foreign currencies in PKR are as follows:
• AED (United Arab Emirates Dirham):
• Buying: 58.3548 PKR
• Selling: 58.4658 PKR
• AUD (Australian Dollar):
• Buying: 150.0307 PKR
• Selling: 150.3148 PKR
• CAD (Canadian Dollar):
• Buying: 166.7869 PKR
• Selling: 167.1039 PKR
• CHF (Swiss Franc):
• Buying: 225.3433 PKR
• Selling: 225.7712 PKR
• CNY (Chinese Yuan):
• Buying: 31.6393 PKR
• Selling: 31.6957 PKR
• EUR (Euro):
• Buying: 217.9161 PKR
• Selling: 218.3483 PKR
• GBP (British Pound Sterling):
• Buying: 259.3786 PKR
• Selling: 259.8875 PKR
• JPY (Japanese Yen):
• Buying: 1.5936 PKR
• Selling: 1.5967 PKR
• SAR (Saudi Riyal):
• Buying: 57.0558 PKR
• Selling: 57.1645 PKR
• USD (United States Dollar):
• Buying: 214.1920 PKR
• Selling: 214.6148 PKR
These rates are subject to change and are provided by commercial banks to facilitate foreign currency transactions. Customers engaging in international trade, travel, or financial transactions involving foreign currencies can use these indicative rates as a reference for their dealings with banks.
It is important to note that the SBP emphasizes that these rates are estimates and may vary slightly depending on the individual policies and practices of commercial banks. Individuals and businesses are advised to check with their respective banks for the most accurate and up-to-date foreign exchange rates before conducting any transactions.
The release of these exchange rates is part of the SBP’s ongoing efforts to promote transparency and provide timely information to the public, contributing to a more informed and efficient foreign exchange market in Pakistan.