1 Dinar in Pakistani Rupees (Bahrain)
Introduction
The Bahraini dinar (BHD) is the official currency of Bahrain, a small island country located in the Middle East. It is subdivided into 1000 fils. On the other hand, the Pakistani rupee (PKR) is the official currency of Pakistan, a country located in South Asia. In this article, we will discuss the exchange rate of 1 Bahraini dinar in Pakistani rupees.
Current Exchange Rate
As of the current date, the exchange rate of 1 Bahraini dinar in Pakistani rupees is:
1 BHD = 437.50 PKR
This exchange rate may fluctuate based on various economic factors, including inflation, interest rates, and global events.
History of Exchange Rate
The exchange rate between the Bahraini dinar and the Pakistani rupee has been relatively stable over the years. In the last 5 years, the highest exchange rate was recorded in 2019, when 1 BHD was equivalent to 463.50 PKR. The lowest exchange rate was recorded in 2020, when 1 BHD was equivalent to 405.50 PKR.
Why is the Bahraini Dinar Stronger than the Pakistani Rupee?
There are several reasons why the Bahraini dinar is stronger than the Pakistani rupee:
- Economic stability: Bahrain has a more stable economy compared to Pakistan, with a higher GDP per capita and lower inflation rate.
- Oil reserves: Bahrain is a major oil producer, which contributes to its economic stability and strengthens its currency.
- Tourism: Bahrain is a popular tourist destination, which attracts foreign exchange and strengthens its currency.
Conclusion
In conclusion, the Bahraini dinar is a stronger currency compared to the Pakistani rupee, with an exchange rate of 437.50 PKR for 1 BHD. The exchange rate may fluctuate based on various economic factors, but the Bahraini dinar is expected to remain stronger in the long run due to its economic stability, oil reserves, and tourism industry.
