As of 23 November 2023, the UAE Dirham (AED) to Pakistani Rupee (PKR) exchange rate reflects dynamic movements, showcasing a rate of Rs. 77.63 in the interbank market and Rs. 78.65 in the open market.
In a marginal reduction from yesterday’s closing in the interbank market, the current rate of AED to PKR stands at Rs. 77.63, down by Rs. 0.18.
Interbank Insights:
The interbank market witnessed subtle fluctuations, with the closing exchange rate settling at Rs. 77.63. It is crucial to note that incoming remittances to Pakistan are processed based on the prevailing interbank rate, unless otherwise specified by the sending bank.
Open Market Scenario:
As of 23 November 2023, the open market is witnessing AED to PKR buying at Rs. 77.90 and selling at Rs. 78.65. These rates provide insights into the fluctuations that the foreign exchange market experiences on a daily basis.
Open Market Rate
| DATE | BUYING | SELLING |
|---|---|---|
| 23 Nov 23 | PKR77.90 | PKR78.65 |
Market Dynamics:
The UAE Dirham to Pakistani Rupee exchange rate, like all foreign currencies, is subject to daily fluctuations influenced by market forces, interest rates, political stability, and various other factors. This adaptability ensures a responsive market that reflects global economic changes.
Closing Remarks:
Traders, investors, and individuals engaged in cross-border transactions are advised to stay updated on the AED to PKR exchange rate, given its dynamic nature. Daily market insights, such as those revealed today, contribute to a comprehensive understanding of the economic landscape.
In conclusion, the AED to PKR exchange rate on 23 November 2023 presents a nuanced picture of the economic interactions between the UAE and Pakistan, reflecting the ongoing dynamics in the global financial market.
 to Pakistani Rupee (PKR) exchange rate reflects dynamic movements, showcasing a rate of Rs. 77.63 in the interbank market and Rs. 78.65 in the open market.){kind=link}