The State Bank of Pakistan (SBP) has unveiled the foreign exchange rates for September 15, 2022, providing valuable information on the buying and selling prices of various foreign currencies in Pakistani Rupees (PKR).
Based on the weighted average rates of commercial banks, these rates play a crucial role for businesses, investors, and individuals involved in international trade and financial transactions.
The SBP emphasized that the data is compiled and disseminated solely for informational purposes. These exchange rates represent estimates quoted by various commercial banks to their clients, establishing a foundation for commercial transactions. In return, commercial banks furnish indicative exchange rates to facilitate seamless financial dealings with their customers.
As of September 15, 2022, the buying and selling rates for select foreign currencies against the Pakistani Rupee are as follows:
1. UAE Dirham (AED)
• Buying: 64.2464 PKR
• Selling: 64.3480 PKR
2. Australian Dollar (AUD)
• Buying: 159.3041 PKR
• Selling: 159.5582 PKR
3. Canadian Dollar (CAD)
• Buying: 178.9754 PKR
• Selling: 179.2654 PKR
4. Swiss Franc (CHF)
• Buying: 244.8073 PKR
• Selling: 245.2030 PKR
5. Chinese Yuan (CNY)
• Buying: 33.8519 PKR
• Selling: 33.9016 PKR
6. Euro (EUR)
• Buying: 234.9836 PKR
• Selling: 235.3794 PKR
7. UK Pound (GBP)
• Buying: 271.6911 PKR
• Selling: 272.1416 PKR
8. Japanese Yen (JPY)
• Buying: 1.6413 PKR
• Selling: 1.6440 PKR
9. Saudi Riyal (SAR)
• Buying: 62.6675 PKR
• Selling: 62.7845 PKR
10. US Dollar (USD)
• Buying: 235.8071 PKR
• Selling: 236.2018 PKR
These exchange rates are pivotal 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.
