1 Dubai Dirham in Pakistani Rupees Today Open Market
Latest Exchange Rate Update
As of today, the exchange rate of 1 Dubai Dirham (AED) in Pakistani Rupees (PKR) in the open market is:
1 AED = 44.50 PKR
Currency Fluctuation
The exchange rate of Dubai Dirham (AED) against Pakistani Rupees (PKR) has been fluctuating constantly due to various economic factors. The rates may change rapidly and may not be the same throughout the day. The above-mentioned rate is the latest available rate in the open market and is subject to change.
Factors Affecting Exchange Rate
Several factors can influence the exchange rate of AED to PKR, including:
- Economic Indicators: GDP growth rate, inflation rate, and interest rates of both countries.
- Political Stability: Political uncertainty in either country can impact the exchange rate.
- Trade Relations: Trade agreements, tariffs, and trade balances between the two countries.
- Oil Prices: Fluctuations in global oil prices can affect the exchange rate.
- Market Sentiment: Speculation and market expectations can influence the exchange rate.
Open Market Exchange Rates
The open market exchange rate is the rate at which banks, currency dealers, and exchange companies buy and sell currencies. This rate is different from the interbank rate, which is the rate at which banks trade currencies among themselves.
Why is the Open Market Rate Important?
The open market exchange rate is important for individuals who need to exchange currencies for various purposes such as travel, trade, or investment. A favorable exchange rate can help individuals save money, while an unfavorable rate can result in losses.
Conclusion
The exchange rate of 1 Dubai Dirham (AED) in Pakistani Rupees (PKR) in the open market is 44.50 PKR. This rate is subject to change due to various economic factors and market sentiment. It is essential to stay updated with the latest exchange rates to make informed decisions when exchanging currencies.
