On February 10, 2024, the buying rate of the UK Pound Sterling (GBP) in Pakistan surged to Rs355, while its selling rate stood at Rs365 in the open market.
According to data available on the currency website, the Pound experienced a decline of Rs2 against the Pakistani Rupee, reflecting a notable shift in the exchange dynamics.
The GBP to PKR Rate on February 10, 2024, compared to the previous day's rate, is as follows:
- February 10, 2024: Rs. 355 (a decrease of Rs2)
- February 09, 2024: Rs. 357
The currency code for the British pound sterling is GBP, serving as the official currency of the United Kingdom, with the symbol (£) used to denote it.
With over 1.5 million Pakistani expatriates residing in the United Kingdom, the GBP to PKR exchange rate holds significant importance as they regularly send remittances to their families in Pakistan, necessitating close monitoring of currency fluctuations.
For those interested in understanding the conversion rates, on February 10, 2024:
- 500 UK Pound Sterling would amount to approximately Rs177,500 in the open market.
- 1,000 UK Pound Sterling would be equivalent to around Rs355,000 in Pakistani currency.
Converting UK Pounds to Pakistani Rupees remains a straightforward process for individuals carrying GBP. They can avail themselves of conversion services provided by banks or branches of exchange companies across Pakistan, ensuring a seamless transition between the two currencies for financial transactions and remittance purposes.
