The current exchange rate between the United Arab Emirates Dirham (AED) and the Pakistani Rupee (PKR) is 1 AED = 75.9 PKR for both buying and selling, according to the Pakistan Open Market. This means that you would get approximately 75.9 Pakistani Rupees for every 1 U.A.E Dirham you exchange, regardless of whether you’re buying or selling.
Different Currency Exchange Rates in Pakistan
Here’s a table showing the exchange rates of other major currencies in Pakistani Rupee (PKR):
| Currency | Symbol | Rate | Inverse |
|---|---|---|---|
| China Yuan | CNY | 0.0257 | 38.84 |
| Euro | EUR | 0.0034 | 296 |
| Japanese Yen | JPY | 0.5155 | 1.94 |
| Saudi Riyal | SAR | 0.0135 | 74.05 |
| UK Pound Sterling | GBP | 0.0029 | 345.65 |
| US Dollar | USD | 0.0036 | 280.35 |
The table provides the exchange rates of several major currencies in Pakistani Rupees (PKR) as per the latest data.
For instance, 1 Chinese Yuan (CNY) is equivalent to 0.0257 PKR, or conversely, 1 PKR is worth 38.84 CNY.
Similarly, 1 Euro (EUR) is valued at 0.0034 PKR, or 1 PKR equals 296 EUR. The Japanese Yen (JPY) exchange rate stands at 0.5155 PKR, indicating that 1 JPY is equivalent to 0.5155 PKR, or conversely, 1 PKR equals 1.94 JPY.
The Saudi Riyal (SAR) exchange rate is 0.0135 PKR, which means 1 SAR equals 0.0135 PKR or conversely, 1 PKR equals 74.05 SAR.
The UK Pound Sterling (GBP) exchange rate is 0.0029 PKR, indicating that 1 GBP is equivalent to 0.0029 PKR, or conversely, 1 PKR equals 345.65 GBP.
Lastly, the US Dollar (USD) exchange rate stands at 0.0036 PKR, implying that 1 USD is equivalent to 0.0036 PKR, or conversely, 1 PKR equals 280.35 USD. These rates illustrate the relative values of these currencies in comparison to the Pakistani Rupee.
These rates indicate how much one unit of each currency is worth in Pakistani Rupees (PKR) and vice versa.
Relationship Between Pakistan’s Economy and Different Currency Rates
The relationship between Pakistan’s economy and different currency rates is like a balancing act with many moving parts. Imagine Pakistan as a shop that sells goods to other countries and buys things from them too. When the Pakistani Rupee (PKR) is weak compared to other currencies, it’s like the shop putting its goods on sale – they become cheaper for people from other countries to buy, which can boost sales and help the economy. But buying things from other countries becomes more expensive, which can hurt because the shop has to spend more money.
Conversely, when the PKR is strong, it’s like the shop raising its prices. This can make it harder to sell goods to other countries because they’re more expensive, but it can also make it cheaper to buy things from abroad. So, a balance needs to be struck to keep things running smoothly.
The value of the PKR also affects how much things cost for people living in Pakistan. If the PKR gets weaker, it can make imported goods more expensive, which can lead to higher prices for everyday items. But if the PKR gets stronger, it can make imported goods cheaper, which might help keep prices down.
The government and the central bank, like managers of the shop, try to keep everything in balance. They might step in to try to strengthen the PKR if it’s getting too weak, or vice versa. They also keep an eye on what’s happening in the world because events in other countries can also affect how much the PKR is worth.
So, the relationship between Pakistan’s economy and different currency rates is all about finding the right balance to keep the economy healthy and make sure people can afford the things they need.
FAQs
What is the open market rate of AED in Pakistan?
The rate of AED in the open market of Pakistan stands at Rs75.2 on April 19, 2024
How to Convert Dirham into Pakistani Rupee?
People carrying UAE currency Dirham with them to Pakistan can visit the banks or branches of the exchange companies to convert the AED into PKR.