The exchange rate between the United Arab Emirates Dirham (AED) and the Pakistani Rupee (PKR) plays a crucial role in cross-border transactions, remittances, and trade. As of 8th November 2023, we provide you with the latest information on the Dirham rate in Pakistan. Stay informed about the AED to PKR exchange rate, whether you’re involved in international trade or planning a visit to the UAE.
AED to PKR Exchange Rate Today:
On 8th November 2023, the AED to PKR exchange rate is as follows:
- Interbank Market Rate: Rs. 77.97
- Open Market Rate: Rs. 79.00
This data helps you understand the value of one UAE Dirham in terms of Pakistani Rupees. Keep in mind that exchange rates are subject to change and can fluctuate daily.
Remittances to Pakistan:
It’s worth noting that incoming remittances to Pakistan are generally credited to customers’ accounts based on the prevailing interbank rate at the time of the transaction, unless otherwise specified by the sending bank. Understanding the current exchange rate is crucial when dealing with remittances, as it directly affects the amount received in PKR.
Factors Influencing Exchange Rates:
Exchange rates, including the AED to PKR rate, are not fixed and can vary due to various factors. These factors include:
- Market Forces: Supply and demand dynamics in the currency market can impact exchange rates.
- Interest Rates: Diverging interest rates between countries can affect currency values.
- Political Stability: Political events and stability can influence investor confidence and, in turn, currency rates.
Historical Exchange Rates:
For context, here are the AED to PKR exchange rates for the last few days:
- 7th November 2023: Rs. 77.97
- 6th November 2023: Rs. 77.67
- 3rd November 2023: Rs. 77.41
- 2nd November 2023: Rs. 77.17
- 1st November 2023: Rs. 76.95
- 31st October 2023: Rs. 76.63
- 30th October 2023: Rs. 76.49
Please note that these rates reflect the historical performance of the AED to PKR exchange rate over the past week.
Closing Exchange Rate (Interbank):
If you’re interested in the closing interbank rate for the day, it will be updated around 4:00 pm, giving you a comprehensive view of how the AED has performed against the PKR throughout the trading day.
Staying updated on the Dirham rate in Pakistan is essential for businesses, travelers, and anyone involved in financial transactions between the UAE and Pakistan. The exchange rate information provided here ensures that you are well-informed about the AED to PKR rate on 8th November 2023 and the factors that influence these currency values. Keep an eye on these rates for successful financial planning and decision-making.