The exchange rates for the UK Pound Sterling (GBP) against the Pakistani Rupee (PKR) have maintained stability, with the buying rate at Rs 238.00 and the selling rate at Rs 240.50 in the open market as of February 16, 2022.
These rates, updated at 11:03 AM Pakistan Standard Time (PST), offer a snapshot of the foreign exchange market dynamics.
The buying rate represents the amount an exchange company or a bank is willing to pay when acquiring foreign currency from a customer, indicating the value of one UK Pound Sterling in terms of Pakistani Rupees. Conversely, the selling rate reflects the amount at which the exchange company or bank sells the foreign currency to a customer.
Disclaimer: The buying rate means an exchange company or a bank buys foreign currency from a customer. The selling rate means an exchange company or a bank sells the foreign currency from a customer. The rate has been updated at 11:03 AM Pakistan Standard Time (PST). The UK Pound Sterling/PKR parity depends on open market rates, they are set by the market forces based on foreign currency demand. The available exchange rates of the open market were provided, which are subject to change every hour. The team provides the available exchange rates at the time of posting the story. So the team is not responsible for any inaccuracy of the data.
The disclaimer accompanying the exchange rate information emphasizes the specific definitions of buying and selling rates, as well as the dynamic nature of the foreign exchange market. Users are advised that the team is not responsible for any inaccuracies and should exercise caution in financial transactions.
The stability in the exchange rate of the UK Pound Sterling against the Pakistani Rupee provides a degree of predictability for those involved in cross-border trade, investment, and financial transactions. Exchange rates play a crucial role in determining the cost of goods and services, influencing international trade and economic activities.
As rates are updated hourly, market participants are encouraged to stay informed about any potential changes throughout the day. The fluid nature of currency markets demands continuous monitoring, especially for those who rely on timely and accurate exchange rate information.
The available exchange rates of the open market, provided in this report, offer valuable insights into the current state of the UK Pound Sterling against the Pakistani Rupee. However, users are reminded to verify the latest rates with their respective financial institutions before making any significant transactions.
The stability of the UK Pound Sterling exchange rates against the Pakistani Rupee on February 16, 2022, provides a benchmark for individuals and businesses involved in financial transactions between the two currencies. The disclaimer accompanying the rates serves as a reminder of the ever-changing nature of the foreign exchange market, prompting users to exercise diligence and caution in their financial dealings.