The British Pound (GBP) to Pakistani Rupee (PKR) exchange rate is a key concern for various individuals and entities, including UK-Pakistan businesses, investors, and especially Pakistani expatriates in the UK sending remittances to their families.
As of October 4, 2024, one British Pound is trading at approximately PKR 364.95. However, it’s important to remember that this rate is dynamic and can change throughout the day, influenced by a multitude of market factors.
Chart: Pound To PKR Rate Today 4 October 2024
| Date | Rate (GBP to PKR) |
|---|---|
| 4 October 2024 | 364.95 |
Disclaimer:
Exchange rates are constantly fluctuating. The information provided here is an approximation based on the prevailing market conditions on October 4, 2024. For the most current and accurate rates, it is advisable to consult a financial institution or a reliable online currency converter.
Factors Influencing the Pound to PKR Rate
The GBP to PKR exchange rate is subject to various influences, including:
- Economic conditions in the UK and Pakistan: The UK’s economic performance, including factors like inflation, interest rates, and political stability, can impact the Pound’s value. Similarly, economic conditions in Pakistan, such as GDP growth, inflation, and foreign investment, can influence the PKR.
- Global economic events: Major global events, such as geopolitical tensions, economic crises, or changes in commodity prices, can affect both the GBP and PKR.
- Remittances from Pakistani expatriates: The flow of remittances from Pakistani workers in the UK can strengthen the PKR.
- Government policies and regulations: Economic and monetary policies in both countries can influence the exchange rate.
- Market sentiment and speculation: Investor confidence and market speculation can contribute to short-term fluctuations in the exchange rate.
Staying Updated on GBP to PKR Rates
To stay informed about the GBP to PKR exchange rate, you can utilize several 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 publish current exchange rates and market analysis.
Other Popular Currency Rates in Pakistan
In addition to the GBP, here are some other popular currency exchange rates in Pakistan as of October 4, 2024 (approximate values):
| Currency | Rate (1 Unit to PKR) |
|---|---|
| US Dollar (USD) | 279.95 |
| Euro (EUR) | 307.30 |
| UAE Dirham (AED) | 76.05 |
| Saudi Riyal (SAR) | 74.25 |
| Kuwaiti Dinar (KWD) | 909.90 |
| Japanese Yen (JPY) | 2.08 |
| Chinese Yuan (CNY) | 41.80 |
| Indian Rupee (INR) | 3.52 |
| Canadian Dollar (CAD) | 207.45 |
| Australian Dollar (AUD) | 191.00 |
Conclusion
The GBP to PKR exchange rate is a vital financial indicator for individuals and businesses connected to the UK and Pakistan. Understanding the factors influencing this rate and staying updated on its movements is essential for making informed financial decisions, especially for Pakistani expatriates sending remittances and managing their finances.
