KARACHI, September 9, 2022 – The State Bank of Pakistan (SBP) has issued the foreign exchange rates for customers on Friday, September 09, 2022.
These rates, based on the weighted average rates of commercial banks, serve as a crucial reference for individuals and businesses engaged in foreign transactions.
The SBP clarified that the data provided is compiled and disseminated for informational purposes only. The exchange rates are estimates quoted by various commercial banks to their clients, reflecting the indicative rates for commercial transactions.
The buying and selling rates for a range of foreign currencies against the Pakistani Rupee (PKR) are as follows:
• UAE Dirham (AED):
• Buying: PKR 62.1723
• Selling: PKR 62.2796
• Australian Dollar (AUD):
• Buying: PKR 156.1198
• Selling: PKR 156.4023
• Canadian Dollar (CAD):
• Buying: PKR 175.2813
• Selling: PKR 175.5887
• Swiss Franc (CHF):
• Buying: PKR 237.0417
• Selling: PKR 237.4635
• Chinese Yuan (CNY):
• Buying: PKR 32.9418
• Selling: PKR 32.9975
• Euro (EUR):
• Buying: PKR 229.9638
• Selling: PKR 230.3727
• UK Pound (GBP):
• Buying: PKR 264.7442
• Selling: PKR 265.2252
• Japanese Yen (JPY):
• Buying: PKR 1.6001
• Selling: PKR 1.6030
• Saudi Riyal (SAR):
• Buying: PKR 60.7240
• Selling: PKR 60.8302
• US Dollar (USD):
• Buying: PKR 228.1957
• Selling: PKR 228.6118
The exchange rates are pivotal for individuals and businesses engaged in international trade, travel, and other cross-border financial transactions. Commercial banks play a crucial role by providing indicative rates to their clients, and these rates are subject to market fluctuations.
It’s worth noting that exchange rates can be influenced by various factors, including global economic conditions, geopolitical events, and market sentiment. Businesses and individuals are advised to stay informed about these rates, especially when engaging in foreign transactions, to make informed financial decisions.
The SBP’s issuance of these exchange rates reflects the central bank’s commitment to transparency and providing accurate information to the public. As the economic landscape evolves, these rates serve as valuable tools for market participants to navigate the complexities of the foreign exchange market.
