As of August 23, 2023, the prevailing exchange rate between the Euro (EUR) and the Pakistani Rupee (PKR) in Pakistan is recorded at Rs. 326.40. 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 current level of demand for the corresponding foreign currency in the market.
At the end of the business day, the State Bank of Pakistan (SBP) will provide the final interbank exchange rate between the Euro and 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 PKR demonstrates a marginal upward trend, with a slight appreciation of a few rupees.
It is noteworthy that foreign exchange companies frequently offer the interbank rate to customers when they engage in currency purchases, including those involving inbound remittances.
On the other hand, it is observed that forex currency dealers or banks typically apply a higher open market rate while engaging in the sale of foreign currency to their clientele.
Euro Rate in Pakistan 23 August 2023
On August 23, 2023, the initial exchange rate between the Euro and the Pakistani Rupee (EUR to PKR) was documented as Rs. 326.40 at the start of the business day. However, it is important to note that the aforementioned item will be accompanied by the final exchange rate between the Euro and the Pakistani Rupee (PKR) in the interbank market. The provided information is obtained from the State Bank of Pakistan (SBP) and is released on a daily basis at the end of each business day.
| Date | Exchange Rate | Change (PKR) |
|---|---|---|
| 23 August 2023 | Rs. 326.40 | – |
| 22 August 2023 | Rs. 326.40 |