When compared to the Pakistani Rupee, the value of the UAE Dirham has increased significantly. Due to a variety of economic, political, and global market reasons, currency exchange rates move often. These shifts over brief times may cause changes in the currency rate.
The Pakistani Rupee (PKR) declined against other major currencies. The National Bank of Pakistan’s (NBP) Treasury Management Division has published the exchange rate for today, which states that 1 PKR is equivalent to 304.90 US Dollars.
It is now ending at 333.64 Euros against the Euro, 387.98 British Pounds against the Euro, and 81.28 Saudi Riyals against the Euro.
The currency rate between the United Arab Emirates dirham (AED) and the Pakistani rupee (PKR) as of August 31, 2023, is 1 AED = 81.28PKR.
The cost of importing goods and services may increase due to a weakening currency, which could lead to an increase in consumer prices. A large devaluation may affect investor confidence and the dynamics of international trade.