The UK Pound to PKR exchange rate is a crucial economic indicator, particularly for trade and remittances between the UK and Pakistan. On September 16, 2024, the rate is expected to fluctuate due to global economic conditions, political developments, and central bank policies.
Chart of GBP To PKR Rate Today 16 September 2024
| Market | Buying Rate (PKR) | Selling Rate (PKR) |
|---|---|---|
| Interbank | 365.16 | 365.16 |
| Open Market | 365.16 | 365.16 |
Disclaimer:
- The rates provided above are estimates and may vary depending on the specific bank or exchange service you use.
- It’s always recommended to confirm the current rate with your chosen financial institution before conducting any transactions.
Thoughts on Pound Rates
The volatility of the GBP/PKR exchange rate can significantly impact various sectors of the Pakistani economy. A stronger Pound can make imports from the UK more expensive, potentially affecting inflation. Conversely, it can benefit Pakistani exporters by making their products more competitive in the UK market. The State Bank of Pakistan monitors these fluctuations and may intervene to maintain stability.
Other Top 10 Countries Rate (September 16, 2024)
| Country | Currency | 1 GBP = |
|---|---|---|
| European Union | Euro (EUR) | 1.16 |
| United States | US Dollar (USD) | 1.27 |
| Japan | Japanese Yen (JPY) | 183.50 |
| China | Chinese Yuan (CNY) | 9.13 |
| India | Indian Rupee (INR) | 103.88 |
| Canada | Canadian Dollar (CAD) | 1.69 |
| Australia | Australian Dollar (AUD) | 1.95 |
| Switzerland | Swiss Franc (CHF) | 1.13 |
| South Korea | South Korean Won (KRW) | 1662.50 |
| Brazil | Brazilian Real (BRL) | 6.28 |
Conclusion:
The UK Pound to PKR exchange rate is a dynamic and impactful element in the Pakistani economy. Staying informed about its fluctuations is essential for businesses, investors, and individuals alike. While predicting the exact rate for September 16th is difficult, understanding the influencing factors and monitoring market trends can help navigate the complexities of currency exchange.
