Bank Services

UK Pound to PKR Rate Today – 01 August 2024

Published

1 month ago

August 3, 2024

Admin

UK Pound to PKR Rate Today – 01 August 2024. On Thursday, August 1, 2024, the exchange rate for the UK Pound (GBP) against the Pakistani Rupee (PKR) remains stable. The buying rate in Pakistan’s open market is Rs. 356.35, while the selling rate is Rs. 359.9.

Comparison with Previous Day

The UK Pound has seen no change compared to its previous closing rate of Rs. 356.35 in the open market.

GBP to PKR Rate – Historical Data

Date	Latest Exchange Rate	Change
August 01, 2024	Rs. 356.35	0
July 31, 2024	Rs. 356.35	–

Understanding the British Pound Sterling

The British Pound Sterling, commonly known as the Pound, is denoted by the currency code GBP. It is the official currency of the United Kingdom and is symbolized by the pound sign (£). The Pound Sterling is often referred to simply as “sterling.”

UK-Pakistan Expatriate Community

Over 1.5 million Pakistani expatriates live in the United Kingdom. These expatriates regularly send remittances to their families in Pakistan, making them keen observers of the GBP to PKR exchange rate.

Conversion Examples

500 UK Pounds to Pakistani Rupees: At the rate of Rs. 356.35 per GBP, 500 UK Pounds equals Rs. 178,175.
1000 UK Pounds to Pakistani Rupees: At the same rate, 1000 UK Pounds equals Rs. 356,350.

Converting UK Pound to Pakistani Rupee

To convert UK Pounds to Pakistani Rupees, individuals can visit banks or exchange company branches in Pakistan. These institutions offer reliable services for currency exchange, ensuring you get the most current and accurate rates.

Conclusion

The UK Pound to PKR exchange rate on August 1, 2024, is stable at Rs. 356.35. With significant expatriate remittances, understanding and tracking this rate is crucial for financial planning and transactions.

Bank Services

OMR to PKR and Other Currency Rates in Pakistan – 20 August 2024

Published

3 weeks ago

August 20, 2024

Admin

OMR to PKR and Other Currency Rates in Pakistan – 20 August 2024. As of 20 August 2024, the exchange rate between the Omani Riyal (OMR) and the Pakistani Rupee (PKR) is as follows: the buying rate is PKR 725.45, while the selling rate is PKR 729.82. These figures represent the rate at which you can purchase or sell Omani Riyals in exchange for Pakistani Rupees, according to the rates provided by the Pakistan Open Market.

Omani Riyal to PKR Exchange Rates

The exchange rate of Omani Riyal to PKR is a crucial indicator for businesses and individuals engaged in financial transactions between Pakistan and Oman. It reflects the value of one Omani Riyal in terms of Pakistani Rupees. It’s important to note that exchange rates are not static; they fluctuate continuously due to various factors, including global economic conditions, geopolitical events, and changes in the supply and demand for currencies.

The data provided here is sourced from the Forex Association of Pakistan, a trusted authority on currency exchange in the country. This information can be particularly useful for anyone looking to convert their currency at the most favorable rate.

The Dynamics of Currency Exchange Rates

Currency exchange rates, including the OMR to PKR rate, are influenced by multiple global factors. These rates can change multiple times a day based on real-time trading activities, economic reports, interest rates, and political stability, among other factors. Understanding these fluctuations can help you make informed decisions about when to buy or sell currency.

For individuals planning to travel, engage in international trade, or remit money abroad, keeping track of these rates is essential. By doing so, one can optimize the value received when converting currencies.

Current Currency Rates in Pakistan Open Market (as of 20 August 2024)

In addition to the OMR to PKR rate, here are some other key currency exchange rates in the Pakistan Open Market:

Currency	Buy (PKR)	Sell (PKR)
USD – US Dollar	279.4	280.5
EUR – Euro	303.7	305.9
GBP – British Pound	355.5	357.5
AED – UAE Dirham	75.8	76.5
SAR – Saudi Riyal	73.85	74.55
KWD – Kuwaiti Dinar	905.35	910.5
CAD – Canadian Dollar	202.65	207
AUD – Australian Dollar	183.9	187.5
OMR – Omani Riyal	723.4	728.5
JPY – Japanese Yen	1.91	1.99
MYR – Malaysian Ringgit	58.75	59.55
QAR – Qatari Riyal	76.44	77.14
BHD – Bahrain Dinar	738	743.5
THB – Thai Bhat	7.57	7.72
CNY – Chinese Yuan	38.29	38.69
HKD – Hong Kong Dollar	35.68	36.03
DKK – Danish Krone	40.03	40.43
NZD – New Zealand Dollar	169.34	171.34
SGD – Singapore Dollar	202	204
NOK – Norwegian Krone	26.14	26.44
SEK – Swedish Krona	26.27	26.57
CHF – Swiss Franc	319.5	324.5
INR – Indian Rupee	3.34	3.45

Conclusion

The exchange rates provided above are essential for anyone engaging in currency transactions in Pakistan, whether for personal, business, or investment purposes. Staying updated with these rates ensures that you can convert your currency at the most favorable rates, maximizing the value of your money. Always consider checking the latest rates and consult with a financial expert if you are planning large currency exchanges or investments.