Pakistani PKR vs SAR, UAE Dirham, and UK Pound today on December 18, 2024
The currency exchange market in Pakistan displayed mixed trends on Wednesday, December 18, 2024, as the Saudi Riyal (SAR), UAE Dirham (AED), and British Pound Sterling (GBP) experienced varying movements against the Pakistani Rupee (PKR). These fluctuations highlight the influence of global economic dynamics, remittance inflows, and local market conditions.
UAE Dirham (AED) to PKR
The UAE Dirham saw a marginal gain of three paisas in the open market. According to the Forex Association of Pakistan, the buying rate for AED is Rs75.76, while the selling rate stands at Rs76.41.
Also Read:
Key Conversions:
- 500 AED = Rs37,880
- 1,000 AED = Rs75,760
The UAE Dirham, abbreviated as AED and divided into 100 fils, remains a popular currency for expatriates and international travelers. Those looking to convert their Dirhams into PKR can visit banks or exchange companies for transactions.
British Pound (GBP) to PKR
The British Pound witnessed a substantial rise of Rs2, reflecting a notable increase in its value against the PKR. The buying rate of GBP now stands at Rs353.44, with the selling rate at Rs358.33.
Key Conversions:
- 500 GBP = Rs176,720
- 1,000 GBP = Rs353,440
The British Pound, symbolized by (£), is a vital currency for expatriates in the United Kingdom. Many Pakistani expatriates closely monitor GBP to PKR fluctuations to optimize their remittances and savings. The rise in the Pound’s value also affects travelers and businesses engaging in UK trade.
Saudi Riyal (SAR) to PKR
The Saudi Riyal experienced a slight increase of four paisas, with the buying rate reaching Rs74.06 and the selling rate recorded at Rs74.44.
Key Conversions:
- 500 SAR = Rs37,030
- 1,000 SAR = Rs74,060
The Saudi Riyal, abbreviated as SAR and subdivided into 100 halalas, is one of the most significant currencies for Pakistan, given the high remittance flows from Saudi Arabia. Pakistani expatriates and travelers exchanging SAR can do so at banks or licensed exchange outlets.
These currency movements carry substantial implications for Pakistani expatriates, international travelers, and businesses. Remittance senders from Saudi Arabia, the UAE, and the UK benefit from stronger exchange rates, allowing for greater savings and value.
Read all the Breaking News Live on pakistantimes.com and Get Latest English News & Updates from Pakistan Times. Follow us on Whatsapp channel for more.
