State Bank of Pakistan sets forex rates; Australian dollar trades at Rs 194.50
What happened
The State Bank of Pakistan announced new foreign exchange rates for authorized dealers on October 30, 2026. The dollar was fixed at Rs 276.7522, while the Australian dollar finished the week at Rs 194.5015. The rates for the Saudi Riyal and UAE dirham were also published for revaluation purposes.
From arynews.tv
Why it matters
These rates are compiled for authorized dealers to revalue their foreign exchange books on a daily mark-to-market basis. The State Bank of Pakistan calculates the USD/PKR rate as a weighted average of closing interbank rates, which influences the national currency's value.
From arynews.tv
Who's involved
- State Bank of PakistanCentral bank that announced the official foreign exchange rates.
- PakistanThe sovereign state whose currency value is set by the State Bank of Pakistan.
- Australian dollarOfficial currency of Australia whose exchange rate was published.
- United Arab EmiratesCountry whose currency (dirham) rate was published.
- Saudi ArabiaCountry whose currency (Riyal) rate was published.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Australian dollarSpeculative
The market price of the Australian dollar against the Pakistani Rupee could be affected by the official rate setting.
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The entities involved
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Pakistan
sovereign state in South Asia
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State Bank of Pakistan
central bank of Pakistan
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UAE
computer emulator which emulates the hardware of Commodore International's Amiga range of computers
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Saudi Arabia
country in West Asia