The UAE Dirham (AED) to Pakistani Rupee (PKR) exchange rate is a constantly fluctuating figure that holds significant importance for various individuals and businesses. Whether you’re a Pakistani expat sending remittances back home, a business involved in cross-border trade, or simply planning a trip to the UAE, staying updated on the AED to PKR rate is crucial.
As of October 6, 2024, the AED to PKR exchange rate is approximately 75.92. This means that one UAE Dirham can buy around 75.92 Pakistani Rupees. However, it’s essential to remember that this rate is dynamic and can change throughout the day, even within minutes, due to various market factors.
Chart: UAE Dirham AED to PKR Rate Today 6 October 2024
| Date | Rate (AED to PKR) |
|---|---|
| 6 October 2024 | 75.92 |
Disclaimer: Exchange rates are constantly fluctuating. The provided information is an approximation based on current market conditions as of October 6, 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
The AED to PKR exchange rate is influenced by a complex interplay of factors, including:
- Economic conditions in both the UAE and Pakistan: The UAE’s strong economy, driven by oil exports and its position as a regional business hub, generally supports a strong Dirham. Conversely, economic challenges in Pakistan can put downward pressure on the PKR.
- Global oil prices: As a major oil exporter, fluctuations in global oil prices can significantly impact the UAE’s economy and, consequently, the value of the Dirham.
- 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, such as interest rate decisions and trade agreements, 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 latest AED to PKR exchange rates, you can utilize various resources:
- Financial institutions: Banks and exchange houses provide real-time exchange rate information and currency conversion services.
- Online currency converters: Numerous websites and apps offer currency conversion tools with live rates and historical data.
- Financial news websites: Reputable financial news sources often provide current exchange rates and market analysis to help you understand the factors driving currency movements.
Other Popular Currency Rates in Pakistan
In addition to the AED, here are some other major currency exchange rates in Pakistan as of October 6, 2024 (approximate values):
| Currency | Rate (1 Unit to PKR) |
|---|---|
| US Dollar (USD) | 301 |
| Euro (EUR) | 328 |
| British Pound (GBP) | 375 |
| Saudi Riyal (SAR) | 74.20 |
| Kuwaiti Dinar (KWD) | 987 |
| Japanese Yen (JPY) | 2.06 |
| Chinese Yuan (CNY) | 41.60 |
| Indian Rupee (INR) | 3.51 |
| Canadian Dollar (CAD) | 224 |
| Australian Dollar (AUD) | 197 |
Conclusion
The AED to PKR exchange rate is a crucial financial indicator for anyone with ties to the UAE and Pakistan. By understanding the factors that influence this rate and staying updated on its fluctuations, you can make informed financial decisions, whether you’re sending money overseas, conducting business transactions, or planning travel.
