On Thursday, the exchange rate between the UAE dirham (AED) and the Pakistani rupee (PKR) kicks off at Rs78.61.
Pakistan's currency gained value against UAE dirham in the open market with an increase of 29 paisas.
This rate is what banks use when they swap these currencies at the beginning of the business day.
As the day rolls on, the State Bank of Pakistan (SBP) will provide the final rate for the day.
If you're expecting money from abroad, it's likely to be converted at this rate, unless your sending bank specifies otherwise.
Current exchange rate: As of now, 1 UAE dirham equals 78.61 Pakistani rupees.
Lately, the exchange rate for the UAE dirham to Pakistani rupee has been quite bouncy.
It's mainly because the Pakistani rupee isn't as strong as it used to be due to some political troubles causing economic issues.
This kind of rate jumping also happens because people in Pakistan and businesses sometimes want more or less foreign money, and that affects the rate.
While the main rate you see here is good for knowing the average, it's important to remember that when you're actually exchanging money, you might get a bit more or less than this rate.
It's because the open market rate, which is what regular people get, can be a tad different from the official one.
So, if you're thinking about changing money, it's smart to check with your bank or the money exchange folks nearby for the exact rate.
Stay tuned for the State Bank of Pakistan's update on the final rate at the end of the day.
If you're curious about dirham rates in Pakistan, converting AED to PKR, or just keeping an eye on forex rates, keep checking back with us for the latest info.
