On Wednesday, 18 December 2024, the UK Pound (GBP) witnessed a notable increase in the open market of Pakistan. The buying rate stands at Rs353.44, while the selling rate has climbed to Rs358.33.
The British Pound has seen a rise of Rs2 against the Pakistani Rupee compared to the previous day's closing rate of Rs351.44. This shift reflects ongoing market fluctuations, influenced by both local and international economic factors.
| Date | Latest Exchange Rate | Change |
|---|---|---|
| December 18, 2024 | Rs. 353.44 | Rs 2 |
| December 17, 2024 | Rs. 351.44 |
The British Pound Sterling (GBP) is the official currency of the United Kingdom, and its symbol (£) is commonly recognized worldwide. Pakistani expatriates in the UK, who make up a significant part of the remittance inflow to Pakistan, closely monitor the fluctuations of the GBP to PKR exchange rate to maximize their savings and remittances.
At the current exchange rate of Rs353.44, 500 UK Pounds will be equivalent to Rs176,720 in Pakistani Rupees.
At the current exchange rate of Rs353.44, 1,000 UK Pounds will be equal to Rs353,440 in Pakistani currency.
Pakistani travelers or expatriates can visit banks or exchange companies to convert UK Pounds (GBP) into Pakistani Rupees (PKR) at the prevailing exchange rates.
This exchange rate change significantly impacts those sending remittances from the UK to Pakistan and traveling between the two countries. Understanding the GBP to PKR rate is essential for Pakistani expatriates and anyone involved in currency exchange.
