Dirham to Pakistani Currency Conversion Rates Explained

Author

Reads 917

Detailed monochrome image of a Moroccan banknote showcasing intricate designs.
Credit: pexels.com, Detailed monochrome image of a Moroccan banknote showcasing intricate designs.

Converting dirham to Pakistani currency can be a bit of a challenge, especially if you're new to international transactions. The exchange rate is a crucial factor in determining the value of your money.

The exchange rate for dirham to Pakistani rupees is influenced by the global market and can fluctuate constantly. This means that the value of your dirham can change significantly depending on the current market rate.

In general, the exchange rate is calculated by dividing the amount of dirham by the corresponding amount of Pakistani rupees. For example, if the exchange rate is 1 AED = 40 PKR, and you want to convert 100 AED, you would get 4000 PKR.

Understanding the exchange rate is essential for making informed decisions about your money.

Conversion Rates

The exchange rate between Dirham and Pakistani Rupee has been on the rise, with the current rate standing at 76.5 PKR for 1 AED. This is a significant increase from the rate 9 years ago, which was 22.66 PKR for 1 AED.

Credit: youtube.com, Dirham to Pakistani Rupees | UAE to PKR | All Currency rates

The exchange rate is dependent on the USD conversions, which is why it changes every hour. You can see the history of UAE Dirhams to Pakistan Rupee of the last 30 days on this page.

To give you a better idea, here is a list of exchange rates for different amounts of AED:

The exchange rate can fluctuate frequently due to market dynamics, economic events, and geopolitical activities. It's essential to stay updated with the current exchange rate to make informed decisions when converting AED to PKR.

AED to BRL Conversion

AED to BRL Conversion is a common exchange rate used for travelers and businesses operating between the United Arab Emirates and Brazil.

The current exchange rate for AED to BRL can fluctuate greatly, with a 1 AED being equivalent to approximately 2.85 BRL, based on historical data.

As of 2022, the AED to BRL exchange rate is influenced by global economic conditions, such as inflation and interest rates.

Closeup of USA 20 dollar bills placed on black surface as national currency for business and personal financial operations
Credit: pexels.com, Closeup of USA 20 dollar bills placed on black surface as national currency for business and personal financial operations

In some cases, using a reliable currency converter can help you get the most accurate and up-to-date exchange rates for AED to BRL.

Travelers to Brazil may find that exchanging AED for BRL at a local bank or currency exchange can result in a lower rate than using an ATM or credit card.

Conversion Table

The conversion rate between AED and PKR is a crucial aspect to understand when traveling or conducting business between the UAE and Pakistan. AED to PKR is a high exchange rate due to the value of Emirati Dirham being pegged to the US Dollar.

To give you a better idea, here's a conversion table to help you understand the exchange rate:

The exchange rate can fluctuate frequently due to market dynamics, economic events, and political developments. In the last 30 days, the 30-day high was 75.8675 and the 30-day low was 75.7953, with an average of 75.8516.

Understanding AED

Credit: youtube.com, Dirham to Pakistani rupees today, aed to inr - aed to bdt - aed to npr - 12-08-2020

The Emirati Dirham, commonly referred to as AED, is the official currency of the United Arab Emirates. It's divided into 100 fils.

The AED has a fixed exchange rate with the US Dollar, which was set at 1 USD equaling 3.67 AED in 1997. This means that the value of the AED is tied to the value of the US Dollar.

The AED is widely accepted in the UAE and is used for most financial transactions. It's also a popular currency for international trade and investment.

AED Currency Profile

The Emirati Dirham, or AED, is a widely recognized currency in the United Arab Emirates. It's commonly referred to as the 'Emirati Dirham' and is made up of 100 fils, with the currency code AED used worldwide.

The AED is the most popular exchange rate in the foreign exchange market of UAE, with the top conversion being AED to INR. This is no surprise, given the large Indian population in the UAE. The inflation rate of Emirati Dirham is 2.10%.

Credit: youtube.com, What Is AED Dubai? - Middle East Explorers

The Central Bank of the UAE regulates and exchanges the Emirati Dirham in the international foreign exchange market. Locals, tourists, and currency exchange dealers frequently use bank notes in denominations of 5 إ.د, 10 إ.د, 20 إ.د, 50 إ.د, 100 إ.د, 200 إ.د, and 500 إ.د.

Coins mostly regulated are 1 إ.د and 50 فلس.

Factors Affecting Rates

The exchange rate between the UAE Dirham (AED) and the Pakistani Rupee (PKR) is influenced by various factors, which can make it fluctuate frequently.

The cost of one currency against another is motivated by multiple factors, including the financial stability and performance of each country, interest rates, inflation rates, exchange balances, political balance, and market speculation.

Interest rates can drastically affect exchange rates, with higher interest rates attracting foreign buyers and strengthening the local currency.

Countries with lower inflation rates tend to have stronger currencies, as their purchasing power remains strong. On the other hand, high inflation can erode the value of a currency, leading to a weaker exchange rate.

Credit: youtube.com, FIN542 ASSIGNMENT D1 : FACTORS AFFECTING EXCHANGE RATE OF UNITED ARAB EMIRATES (UAE)

Economic conditions, such as GDP growth, employment costs, and trade stability, can also impact exchange rates. Stronger economic signs often result in a stronger currency.

Political balance and stability can also affect exchange rates, with uncertainty or instability leading to a weaker currency.

Here are some of the key factors that affect the exchange rate between AED and PKR:

  • Interest rates
  • Inflation rates
  • Economic conditions
  • Political balance
  • Market speculation

These factors can make the exchange rate between AED and PKR fluctuate frequently, which is why it's essential to stay informed about the current market trends and economic conditions.

Frequently Asked Questions

How much is 1 dirham pakistani rupee?

1 dirham is equivalent to approximately 75.76 Pakistani Rupees. Check the latest exchange rates for the most up-to-date conversion.

What is the currency of Pakistan Ki?

The official currency of Pakistan is the Pakistani Rupee, denoted by the code PKR and symbol ₨. Learn more about the Pakistani Rupee and its usage in Pakistan.

What is the currency of Dubai today?

The official currency of Dubai is the dirham (AED), pegged at AED3.67 to the US dollar.

How much is AED to PKR today in Dubai?

As of today, 1 AED is equivalent to approximately 75.80 PKR in Dubai. Check the latest exchange rate for the most up-to-date conversion.

What is the open market rate for dirham to PKR today?

The current open market rate for UAE dirham to Pakistani rupees is 75.796, with no change from yesterday. Get the latest exchange rate updates for your currency needs.

Krystal Bogisich

Lead Writer

Krystal Bogisich is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for storytelling, she has established herself as a versatile writer capable of tackling a wide range of topics. Her expertise spans multiple industries, including finance, where she has developed a particular interest in actuarial careers.

Love What You Read? Stay Updated!

Join our community for insights, tips, and more.