AED to PKR
In today’s fast-paced global economy, staying informed about currency exchange rates is crucial for individuals and businesses alike. On September 13, 2023, the Pakistani Dirham exchange rate stands at 81.65 AED (United Arab Emirates Dirham) for 1 PKR (Pakistani Rupee). This article aims to provide a detailed insight into this exchange rate, its significance, and factors affecting it.
1. The State Bank of Pakistan’s Role
The State Bank of Pakistan (SBP) plays a pivotal role in monitoring and publishing the daily interbank currency exchange rates, primarily focusing on the UAE Dirham to the Pakistani Rupee. These rates are updated every business day, Monday through Friday, at the start of the business day for the UAE Dirham.
2. Exchange Rate on September 13, 2023
On September 13, 2023, the SBP published the daily closing interbank exchange rate for converting United Arab Emirates Dirham (AED) into Pakistani Rupee (PKR). It’s important to note that this rate is subject to change throughout the day due to market dynamics.
3. Impact of Economic Crisis on Exchange Rates
The recent economic crisis in Pakistan, stemming from political instability, has led to a significant depreciation of the local currency, the Pakistani Rupee (PKR). Consequently, the value of the United Arab Emirates Dirham (AED) has risen dramatically relative to the PKR. Moreover, these exchange rates fluctuate as the market experiences shifts in demand for different foreign currencies.
4. Today’s Dirham to Pakistani Rupee Exchange Rate
As of the market’s opening on September 13, 2023, one United Arab Emirates Dirham (AED) is equivalent to 81.65 Pakistani Rupees (PKR). However, it’s essential to keep in mind that this article will be regularly updated with the most current Dirham to PKR exchange rate as reported by the State Bank of Pakistan at the end of each business day.
5. Interbank vs. Open Market Rates
It’s worth noting that while the interbank rate for AED to PKR is a reliable benchmark, individuals and businesses may find that open market rates are slightly higher. Therefore, it’s advisable to check with your bank or local exchange dealer for the most accurate rates.
6. Bank of Canada Overnight Rate
In addition to the UAE Dirham to PKR exchange rate, the table below provides insights into the closing interbank exchange rate in Pakistan on September 13, 2023. This table also highlights the changes in value (in PKR) from the previous day, giving you a broader perspective on currency fluctuations.
AED to PKR Exchange Rate in Pakistan Today
| DATE | EXCHANGE RATE (PKR) | CHANGE (PKR) |
| 13 September 2023 | Rs. 81.65 | – |
| 12 September 2023 | Rs. 81.65 |
Conclusion:
In conclusion, understanding the Pakistani Dirham exchange rate is vital in today’s global financial landscape. The SBP’s daily updates ensure transparency and reliability in currency exchange transactions. As the economic climate continues to evolve, staying informed about exchange rates is essential for making informed financial decisions. Whether you’re an individual traveler or a business engaged in international trade, knowing the current rate of 81.65 AED for 1 PKR on September 13, 2023, empowers you to navigate the currency market with confidence. Keep in mind that currency exchange rates are subject to change, so staying updated is key to managing your financial affairs effectively.
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