Karachi, February 12, 2025 – The State Bank of Pakistan (SBP) has released its official foreign exchange rates for February 12, 2025, providing vital information for individuals and businesses engaged in cross-border financial transactions. These rates, based on the weighted averages of commercial banks, act as an essential benchmark for the foreign currency market, offering transparency and stability in international trade and commerce.
Beyond simply converting currencies, the SBP’s foreign exchange rates serve as crucial indicators for businesses, investors, and individuals conducting foreign transactions. By offering a reliable and transparent benchmark, the SBP ensures that cross-border dealings are carried out in a structured manner, which builds confidence among all stakeholders. These rates are influenced by prevailing economic conditions and provide a snapshot of the market forces shaping currency exchanges in the global economy.
The SBP’s foreign exchange rates for prominent currencies on February 12, 2025, reflect the current dynamics in the market. For example, the buying rate for the UAE Dirham (AED) is 76.0257, and the selling rate stands at 76.1359. The Australian Dollar (AUD) has a buying rate of 175.6198 and a selling rate of 175.8917, while the Canadian Dollar (CAD) is priced at 195.2121 for buying and 195.5134 for selling. Similarly, the Swiss Franc (CHF) is available at 305.5863 for buying and 306.0555 for selling, and the Chinese Yuan (CNY) stands at 38.2170 for buying and 38.2683 for selling. Other major currencies, such as the Euro (EUR), British Pound (GBP), Japanese Yen (JPY), Saudi Riyal (SAR), and the US Dollar (USD), are also listed with their respective buying and selling rates, reflecting the diverse nature of international transactions.
These exchange rates play a pivotal role in the foreign exchange market as they guide commercial banks in determining the rates they offer to their customers for currency conversion. The rates released by the SBP are not only vital for facilitating day-to-day financial transactions but also support the broader framework that governs international trade, investment, and financial operations in Pakistan.
It is important to note that foreign exchange rates are highly dynamic and can fluctuate due to various factors, including changes in the global economy, market forces, and geopolitical events. Therefore, individuals and businesses involved in foreign currency transactions should regularly check for updates directly from the SBP or their financial institutions to ensure they are working with the most current rates available.
The SBP’s transparent approach to disclosing these forex rates is a testament to its commitment to fostering economic stability and promoting financial transparency in Pakistan. By providing accurate and timely information, the SBP empowers businesses and individuals to make well-informed decisions regarding their foreign exchange transactions. This is particularly essential for businesses that depend on cross-border trade and investment, where accurate exchange rates play a significant role in effective financial planning and risk management.
With the global economy becoming increasingly interconnected, the SBP’s role in maintaining transparent and reliable foreign exchange rates is crucial for ensuring Pakistan’s financial resilience and stability. These rates not only facilitate international trade and investment but also contribute to the larger goal of economic stability within the country. As markets continue to evolve, the SBP’s consistent updates and transparency in disclosing foreign exchange rates will remain a key factor in supporting Pakistan’s position on the global financial stage.