AsiaNet-Pakistan Premier Editorial Content and Press Release Distribution Service
Karachi: The State Bank of Pakistan released its latest report on exchange rates, highlighting the buying and selling rates for various currencies against the Pakistani Rupee. The report provides insights into the weighted average customer exchange rates, revealing the costs of buying and selling different foreign currencies.
According to the data, the highest buying rate was observed for the British Pound, which stood at 374.2124, while the selling rate was slightly higher at 374.8059. The Euro followed with a buying rate of 328.6395 and a selling rate of 329.1308.
The exchange rate for the US Dollar was reported at 280.0800 for buying and 280.5051 for selling, indicating a relatively stable rate compared to other currencies.
Rates for the Canadian Dollar and Swiss Franc were also included, with the CAD buying rate at 203.4494 and selling at 203.7600, while the CHF buying rate was 351.8072 and selling at 352.3372.
The report also listed rates for currencies from the Gulf region. The UAE Dirham had a buying rate of 76.2557 and a selling rate of 76.3630, whereas the Saudi Riyal was slightly lower, with buying and selling rates at 74.6437 and 74.7513, respectively.
The Australian Dollar was reported at 186.1104 for buying and 186.4032 for selling. Meanwhile, the Japanese Yen and Chinese Yuan had lower exchange rates, with the JPY buying at 1.8048 and selling at 1.8074, and the CNY buying at 39.7352 and selling at 39.7861.
The report serves as a critical resource for businesses and individuals engaging in international transactions, providing them with the necessary information to make informed financial decisions.