Currency Fluctuations: AED to PKR Exchange Rates – July 2023

Throughout July 2023, the exchange rate between the United Arab Emirates Dirham (AED) and the Pakistani Rupee (PKR) experienced fluctuations, reflecting the dynamic nature of currency markets.

Here are some key points to remember:

• The month started with the market closed during the weekend on 1st and 2nd July, followed by a bank holiday on 3rd July.
• On 4th July, the exchange rate stood at 74.99 PKR. It then saw a slight increase to 75.53 PKR on 5th July before dipping to 75.42 PKR on 6th July.
• The rate rebounded on 7th July, reaching 75.66 PKR. The weekend of 8th and 9th July saw the market closed again.
• On 10th July, there was a notable uptick in the exchange rate, reaching 76.18 PKR, followed by a decrease to 75.84 PKR on 11th July.
• The rate remained relatively stable around the mid-75 PKR range from 12th to 14th July, with values of 75.54 PKR, 75.27 PKR, and 75.58 PKR respectively.
• Another weekend passed on 15th and 16th July.
• The exchange rate surged again on 17th July, reaching 76.03 PKR, and continued its upward trend throughout the following days, hitting 78.09 PKR on 21st July.
• The weekend of 22nd and 23rd July saw the market closed again.
• Rates remained high around 78 PKR from 24th to 27th July, with fluctuations within this range.
• A holiday on 28th July was followed by another weekend on 29th and 30th July.
• The month ended with the exchange rate at 78.04 PKR on 31st July.

Overall, the AED to PKR exchange rate showed fluctuations, with notable highs around 21st July and relative stability in the mid to late-70 PKR range, while the lowest point was observed at 74.99 PKR on 4th July.

Here’s the table with the complete AED to PKR exchange rates for the month of July 2023: