In the open market of Pakistan, the buying rate for the United Arab Emirates (UAE) Dirham stood at Rs75.9 on March 11, 2024, while the selling rate was Rs76.6.
Comparing it to the previous day's closing rate of Rs76.3, data revealed that the UAE Dirham experienced a decrease of 40 paisas against the Pakistani Rupee.
The AED to PKR Rate on March 11, 2024, reflected a decline from the previous day's rate:
- March 11, 2024: Rs75.9 (a decrease of 40 paisas)
- March 10, 2024: Rs76.3
With more than 1.71 million Pakistani expatriates settled in the United Arab Emirates, constituting 16.73 percent of the Gulf country's total population, the daily exchange rate holds significance for them.
Pakistanis represent the second-largest national group in the UAE, after Indians, and as their earnings are in the official UAE currency of the Dirham, they closely monitor the exchange rate.
The currency code for UAE Dirhams is AED, subdivided into 100 fils.
For those interested in understanding the conversion rates, as of March 11, 2024:
- 500 UAE Dirhams would amount to approximately Rs37,950 in the open market.
- 1,000 UAE Dirhams would be equivalent to around Rs75,900 in Pakistani currency.
Converting Dirhams into Pakistani Rupees is a simple process for individuals carrying AED. They can visit banks or branches of exchange companies across Pakistan to facilitate the conversion, ensuring smooth transactions and financial management between the two currencies.
