As of August 25, 2023, the prevailing exchange rate between the Euro (EUR) and the Pakistani Rupee (PKR) in Pakistan is documented as Rs. 326.16. The rate mentioned denotes the interbank rate at the start of the business day. Furthermore, it should be noted that the aforementioned exchange rate is subject to fluctuations based on the prevailing demand for the particular foreign currency within the market.
At the end of the business day, the State Bank of Pakistan (SBP) will provide the final interbank rate for the conversion of the Euro to the Pakistani Rupee (PKR). Therefore, it is recommended to regularly review the final exchange rate for the latest revisions.
In comparison to the interbank rate, the open market rate for the Euro to Pakistani Rupee demonstrates a slight increment of a few units of the local currency.
It is noteworthy that foreign exchange companies frequently offer customers the interbank rate when they engage in currency purchases, including the receipt of incoming remittances.
On the other hand, it is common for forex currency dealers or banks to apply a higher open market rate when conducting transactions involving the selling of foreign currency to customers.
Euro to Pakistani Rupee Today
The Euro to Pakistani Rupee (EUR to PKR) exchange rate for August 25, 2023, was documented as Rs. 326.16 at the start of the business day. The post will be periodically revised to include the interbank market’s exchange rate for the Euro against the Pakistani Rupee (PKR). The aforementioned data is derived from the State Bank of Pakistan (SBP) and is disseminated at the conclusion of every working day.
The table provided below displays the latest closing exchange rate between the Euro (EUR) and the Pakistani Rupee (PKR) as of the current day, August 25, 2023, along with any observed instances of appreciation or depreciation.
| Date | Exchange Rate | Change (PKR) |
|---|---|---|
| 25 August 2023 | Rs. 326.16 | – |
| 24 August 2023 | Rs. 326.16 |