The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for September 06, 2022, offering a comprehensive overview of the buying and selling prices of various foreign currencies in Pakistani Rupees (PKR).
Based on the weighted average rates of commercial banks, these rates are instrumental for businesses, investors, and individuals involved in international trade and financial transactions.
The SBP clarified that the data is compiled and disseminated exclusively for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients, serving as a foundation for commercial transactions. In turn, commercial banks furnish indicative exchange rates to facilitate seamless financial dealings with their customers.
As of September 06, 2022, the buying and selling rates for select foreign currencies against the Pakistani Rupee are as follows:
1. UAE Dirham (AED)
• Buying: 60.2263 PKR
• Selling: 60.3359 PKR
2. Australian Dollar (AUD)
• Buying: 149.8531 PKR
• Selling: 150.1239 PKR
3. Canadian Dollar (CAD)
• Buying: 168.4198 PKR
• Selling: 168.7258 PKR
4. Swiss Franc (CHF)
• Buying: 225.5885 PKR
• Selling: 225.9941 PKR
5. Chinese Yuan (CNY)
• Buying: 31.8318 PKR
• Selling: 31.8860 PKR
6. Euro (EUR)
• Buying: 220.0931 PKR
• Selling: 220.5090 PKR
7. UK Pound (GBP)
• Buying: 255.7925 PKR
• Selling: 256.2717 PKR
8. Japanese Yen (JPY)
• Buying: 1.5626 PKR
• Selling: 1.5655 PKR
9. Saudi Riyal (SAR)
• Buying: 58.8284 PKR
• Selling: 58.9365 PKR
10. US Dollar (USD)
• Buying: 221.0624 PKR
• Selling: 221.4784 PKR
These exchange rates play a pivotal role for businesses engaged in international trade, influencing the cost of imported goods and the revenue generated from exports. Individuals involved in foreign investments and travel also rely on these rates to make informed financial decisions.
The SBP encourages market participants to exercise caution and stay informed about the latest developments in the foreign exchange market. As the global economic landscape continues to evolve, the central bank remains dedicated to ensuring transparency and providing timely information to support the stability of the national currency and foster economic growth.
Market participants are urged to regularly monitor these rates, as they are subject to fluctuations based on international economic trends and geopolitical events. The SBP will continue to closely observe market conditions and make necessary adjustments to promote a resilient and robust foreign exchange market in Pakistan.
