While AED may not be the most powerful currency in the world, the AED to PKR rate is always the center of attention for Pakistani investors. While the rate of Dirham is not as high as pounds, Euro and dollar in Pakistan, it is still at a high price that most of the Pakistanis cannot afford.
This is the reason why investors have kept a special interest in Dirham and the ever-changing AED to PKR rates in the open market. Since the dirham rate changes day after day, it is very important for the investors to keep an eye on the current AED to PKR rate in Pakistan.
The dirham or AED rate in Pakistan is expected to rise even more in the coming days, which is the dirham or AED rate today is more important than ever before. A lot of Pakistanis are living in the United Arab Emirates (UAE) send back remittance to Pakistan. The money is sent in the form of AED that must be converted to PKR if people want to use the money here.
This is another reason why people keep an eye on the current AED to PKR. Another reason why Pakistanis invest in AED or Dirham is because the gold prices are directly related to the AED rate. the gold price in Pakistan today is directly affected by the AED to PKR. The gold rate in Pakistan is affected heavily by the gold rate in UAE.
Currently, you will find 25 and 50 fils and 1 dirham coin in the market. As for bank notes, you can find 1, 5, 10, 20, 50, 100, 500 and 1000 dirham notes very easily. After 1963, UAE also added the 100 Dirham note to their currency. In comparison, you can find 1, 2 and 5 rupee coins and 10, 20, 50, 100, 500, 1000 and 5000 banknotes.
The AED rate today is slightly higher than you would expect and the 1 AED to PKR rate shows that the trend will move towards increase and not decrease. Why the AED rate increase in Pakistan is anybody’s guess. Since the Pakistani economy is struggling at the moment, we expect the AED rate to change and increase any given day.
This is the reason why is better for investors to keep hold of their Dirham investments for the moment and wait for the right time to exchange their AED to PKR.