The UAE Dirham (AED) to Pakistani Rupee (PKR) exchange rate is a crucial factor for anyone involved in financial transactions between the UAE and Pakistan. This includes businesses involved in import/export, individuals sending or receiving money from the UAE, and Pakistani expatriates working in the UAE who send remittances back home.
As of October 5, 2024, one UAE Dirham is trading at approximately PKR 75.68. However, it’s important to understand that this rate is dynamic and can change throughout the day due to various market forces.
Chart: UAE Dirham To PKR Rate Today 5 October 2024
| Date | Rate (AED to PKR) |
|---|---|
| 5 October 2024 | 75.68 |
Disclaimer: Exchange rates are constantly fluctuating. The provided information is an approximation based on current market conditions as of October 5, 2024. For the most up-to-date and accurate rates, it is advisable to consult a financial institution or a reliable online currency converter.
Factors Influencing the Dirham to PKR Rate
Several factors contribute to the fluctuations in the AED to PKR exchange rate:
- Economic conditions in both the UAE and Pakistan: The UAE’s economy, largely influenced by oil exports and its status as a regional business hub, can impact the Dirham’s value. Similarly, economic stability and growth in Pakistan affect the PKR’s strength against the AED.
- Global oil prices: As a major oil exporter, the UAE Dirham can be influenced by changes in global oil prices.
- Remittances from Pakistani expatriates: A significant inflow of remittances from Pakistani workers in the UAE can strengthen the PKR.
- Government policies and regulations: Economic and financial policies in both countries can influence the exchange rate.
- Market sentiment and speculation: Investor confidence and market speculation can also play a role in short-term exchange rate movements.
Staying Updated on AED to PKR Rates
To stay informed about the AED to PKR exchange rate, consider these resources:
- Financial institutions: Banks and exchange houses provide real-time exchange rate information.
- Online currency converters: Numerous websites and apps offer currency conversion tools with live rates.
- Financial news websites: Reputable financial news sources often provide current exchange rates and market analysis.
Other Popular Currency Rates in Pakistan
In addition to the AED, here are some other major currency exchange rates in Pakistan as of October 5, 2024 (approximate values):
| Currency | Rate (1 Unit to PKR) |
|---|---|
| US Dollar (USD) | 300 |
| Euro (EUR) | 327 |
| British Pound (GBP) | 374 |
| Saudi Riyal (SAR) | 74.07 |
| Kuwaiti Dinar (KWD) | 985 |
| Japanese Yen (JPY) | 2.05 |
| Chinese Yuan (CNY) | 41.50 |
| Indian Rupee (INR) | 3.50 |
| Canadian Dollar (CAD) | 223 |
| Australian Dollar (AUD) | 196 |
Conclusion
The AED to PKR exchange rate is a vital financial indicator for individuals and businesses with connections to the UAE and Pakistan. Understanding the factors that influence this rate and staying updated on its fluctuations is essential for making informed financial decisions, particularly for Pakistani expatriates sending remittances and managing their finances.
