1 Dirham Price in Pakistan 2023
The United Arab Emirates (UAE) Dirham is a popular currency in the Middle East, and its exchange rate with the Pakistani Rupee is of significant interest to individuals and businesses in Pakistan. In this article, we will explore the current exchange rate of 1 Dirham in Pakistani Rupees and provide an overview of the factors that influence this rate.
Current Exchange Rate (2023)
As of 2023, the exchange rate of 1 UAE Dirham (AED) to Pakistani Rupee (PKR) is:
1 AED = 44.50 PKR (approx.)
Please note that exchange rates can fluctuate frequently due to various economic and political factors, so this rate may not be valid at the time of reading.
Factors Affecting the Exchange Rate
Several factors can influence the exchange rate between the UAE Dirham and Pakistani Rupee, including:
Economic Indicators
- Inflation rates in Pakistan and the UAE
- GDP growth rates of both countries
- Interest rates set by central banks
- Trade balances and deficits
Political Instability
- Political tensions between Pakistan and the UAE
- Geopolitical events in the Middle East
- Regulatory changes in both countries
Supply and Demand
- Demand for UAE Dirham in Pakistan
- Supply of Pakistani Rupee in the UAE
- Speculation in the foreign exchange market
Why is the UAE Dirham Important in Pakistan?
The UAE Dirham is a significant currency in Pakistan due to various reasons:
- Remittances: Many Pakistani workers are employed in the UAE, and they send remittances back to Pakistan, which contributes to the country's foreign exchange reserves.
- Trade: Pakistan and the UAE have a significant trade relationship, with the UAE being one of Pakistan's largest trading partners.
- Tourism: Pakistanis frequently travel to the UAE for business, tourism, and education, which increases the demand for UAE Dirham in Pakistan.
Conclusion
In conclusion, the exchange rate of 1 UAE Dirham to Pakistani Rupee is subject to various economic and political factors. The current exchange rate is approximately 44.50 PKR, but it may fluctuate over time. The UAE Dirham plays an important role in Pakistan's economy, and understanding the exchange rate is essential for individuals and businesses involved in cross-border transactions.
