On February 26, 2024, the buying rate for the United Arab Emirates (UAE) Dirham in the open market of Pakistan stood at Rs76.1, while the selling rate was recorded at Rs76.8.
Analysis of the currency data revealed that the UAE Dirham saw no change against the Pakistani Rupee compared to the previous trading day's closing rate of Rs76.1 in the open market of the South Asian country.
The AED to PKR Rate on February 26, 2024, remained consistent with the previous day's rate:
- February 26, 2024: Rs76.1 (no change)
- February 25, 2024: Rs76.1
More than 1.71 million Pakistani expatriates are settled in the United Arab Emirates, accounting for 16.73 percent of the total population of the Gulf country.
Pakistanis represent the second largest national group in the UAE after Indians. Given that their earnings are in the official UAE currency of the Dirham, they closely monitor the daily exchange rate.
The currency code for UAE Dirhams is AED, with one Dirham subdivided into 100 fils.
For those interested in understanding the conversion rates, as of February 26, 2024:
- 500 UAE Dirhams would amount to approximately Rs38,050 in the open market.
- 1,000 UAE Dirhams would be equivalent to around Rs76,100 in Pakistani currency.
Converting Dirhams into Pakistani Rupees is a straightforward process for individuals carrying AED. They can visit banks or branches of exchange companies across Pakistan to facilitate the conversion, ensuring ease of transactions and financial management between the two currencies.
