Karachi: The State Bank of Pakistan has announced the latest weighted average customer exchange rates for various currencies as of March 19. The exchange rates, which are updated regularly, provide a snapshot of the currency market and are crucial for businesses and individuals engaged in foreign exchange transactions.
According to State Bank of Pakistan, the exchange rate for the United States Dollar is set at 278.9892 for buying and 279.4143 for selling. The Euro stands at 319.9032 for buying and 320.3838 for selling, while the British Pound is at 370.1636 for buying and 370.7355 for selling. Other notable currencies include the Canadian Dollar, which is priced at 203.2153 for buying and 203.5194 for selling, and the Australian Dollar at 196.3015 for buying and 196.6011 for selling.
These rates are determined by the Domestic Markets and Monetary Management Department of the State Bank and serve as a benchmark for financial institutions dealing with foreign exchange. The exchange rates also include currencies such as the Chinese Yuan, Swiss Franc, Japanese Yen, UAE Dirham, and the Saudi Riyal, reflecting the diverse range of Pakistan's trading partners.
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