Comparing the UAE Dirham to the Pakistani Rupee, there has been a noticeable appreciation in value. Currency exchange rates frequently fluctuate as a result of various economic, political, and global market factors. The exchange rate may fluctuate as a result of these variations over brief periods of time.
In comparison to major currencies, the Pakistani Rupee (PKR) experienced losses. According to today’s rate issued by Treasury Management Division of the National Bank of Pakistan (NBP), 1 PKR is equal to 304.90 US Dollars.
Against the Euro it is closing at 333.64 EUR, the British Pound grew and now closing at 387.98 and the Saudi Riyal increased to 81.28.
As of August 31, 2023, the prevailing exchange rate between the United Arab Emirates Dirham (AED) and the Pakistani rupee (PKR) stands at 1 AED = 81.28PKR.
A weakening currency may result in higher import costs for products and services, which could raise consumer prices. A significant devaluation can also have an impact on the dynamics of global commerce and investor confidence.
