AED to PKR Exchange Rate in 2007: A Look Back
The exchange rate between the United Arab Emirates Dirham (AED) and the Pakistani Rupee (PKR) fluctuated throughout 2007, driven by various economic factors affecting both countries.
Key Factors Influencing the Exchange Rate in 2007:
- Global Oil Prices: As a major oil exporter, the UAE's economy is closely tied to oil prices. Rising oil prices in 2007 boosted the AED's value against other currencies, including the PKR.
- Pakistan's Economic Performance: Pakistan's economic performance in 2007 was characterized by high inflation, a widening current account deficit, and political instability. These factors pressured the PKR downwards against the AED.
- Political Events: The political situation in Pakistan, including the 2007 general elections, also influenced the PKR's value.
- Speculative Trading: Speculative trading activity could also contribute to short-term fluctuations in the exchange rate.
Approximate AED to PKR Exchange Rates in 2007:
While exact figures for daily fluctuations are unavailable, we can provide approximate ranges for the year:
- Early 2007: The AED was trading at around PKR 14.00 - 14.50.
- Mid-2007: The exchange rate remained relatively stable, fluctuating within a narrow range of PKR 14.50 - 15.00.
- Late 2007: The AED appreciated against the PKR, reaching levels around PKR 15.50 - 16.00.
Conclusion:
The AED to PKR exchange rate in 2007 was influenced by a combination of factors related to both the UAE and Pakistan's economies. While the AED generally appreciated against the PKR throughout the year, the exact exchange rate fluctuated based on global oil prices, Pakistan's economic performance, and other factors.
Disclaimer: This information is for general knowledge and informational purposes only, and does not constitute financial advice.
