State Bank’s foreign exchange rates – September 27, 2022

State Bank’s foreign exchange rates – September 27, 2022

KARACHI – The State Bank of Pakistan (SBP) has published the foreign exchange rates for customers on September 27, 2022.

These rates, based on the weighted average rates of commercial banks, provide valuable information for individuals and businesses engaged in international transactions.

The exchange rates serve as a reference for the buying and selling of various foreign currencies in Pakistan Rupees (PKR). The data, compiled and disseminated by the SBP, reflects the weighted averages quoted by commercial banks to their clients. These indicative rates are crucial for customers involved in commercial transactions, offering insights into the current market conditions.

The buying and selling rates for a range of foreign currencies against the Pakistani Rupee as of September 27, 2022 are as follows:

• UAE Dirham (AED):

• Buying: 63.6279 PKR

• Selling: 63.7347 PKR

• Australian Dollar (AUD):

• Buying: 151.7098 PKR

• Selling: 151.9673 PKR

• Canadian Dollar (CAD):

• Buying: 170.8565 PKR

• Selling: 171.1499 PKR

• Swiss Franc (CHF):

• Buying: 236.0686 PKR

• Selling: 236.4790 PKR

• Chinese Yuan (CNY):

• Buying: 32.6467 PKR

• Selling: 32.7019 PKR

• Euro (EUR):

• Buying: 225.2781 PKR

• Selling: 225.6751 PKR

• UK Pound (GBP):

• Buying: 251.7861 PKR

• Selling: 252.2268 PKR

• Japanese Yen (JPY):

• Buying: 1.6182 PKR

• Selling: 1.6210 PKR

• Saudi Riyal (SAR):

• Buying: 62.1019 PKR

• Selling: 62.2117 PKR

• US Dollar (USD):

• Buying: 233.5347 PKR

• Selling: 233.9508 PKR

The SBP emphasizes that these rates are provided for informational purposes only and represent estimates quoted by commercial banks. The indicative exchange rates are intended to guide customers engaged in commercial transactions, allowing them to make informed decisions based on the prevailing market conditions.

It’s essential to note that foreign exchange rates are subject to fluctuations influenced by global economic trends, geopolitical events, and market dynamics. Customers are advised to stay informed and adapt their strategies as needed to navigate the ever-changing landscape of the foreign exchange market.

As the SBP continues to provide transparent and up-to-date information, market participants can utilize these exchange rates as a valuable resource in conducting their financial transactions. The central bank’s commitment to disseminating accurate and timely data contributes to the overall stability and efficiency of Pakistan’s financial markets.