SBP Update: REER Index and Currency Exchange Rates

REER Index Update:

• The Real Effective Exchange Rate (REER) index appreciated to 101.5 in July 2024, up from 100.1 in June 2024, according to the State Bank of Pakistan (SBP).

Currency Exchange Rates as of 19-Aug-2024:

• USD/PKR:
  • 1-week: 279.0876
  • 1-month: 281.3104
  • 6-month: 289.9788
  • 1-year: 302.2286
• EUR/PKR:
  • 1-week: 308.3095
  • 1-month: 311.1427
  • 6-month: 322.4834
  • 1-year: 338.8322
• GBP/PKR:
  • 1-week: 361.9653
  • 1-month: 364.9505
  • 6-month: 376.3409
  • 1-year: 391.6773
• JPY/PKR:
  • 1-week: 1.9127
  • 1-month: 1.9356
  • 6-month: 2.0280
  • 1-year: 2.1613
• Other currencies like AED, SAR, SGD, and MYR are also listed with their respective exchange rates for different tenors, including 1-week, 1-month, and 1-year.

Key Notes:

• These exchange rates are issued by the SBP for authorized dealers to revalue their books daily on a Mark-to-Market basis.
• The rates are compiled based on data from brokerage houses and the exchange rate of other currencies against USD quoted on Reuters Eikon Terminal.