The exchange rates for buying and selling one UK Pound Sterling (GBP) in Pakistani Rupee (PKR) in the open market have been reported as follows on March 18, 2022:
• Buying Rate: Rs 235.00 to the UK Pound Sterling
• Selling Rate: Rs 237.50 to the UK Pound Sterling
The rates were last updated at 09:45 AM Pakistan Standard Time (PST). It’s essential to understand that the buying rate represents the price at which an exchange company or a bank purchases foreign currency from a customer, while the selling rate reflects the price at which the same entity sells foreign currency to a customer.
Key Points:
• Buying Rate (Rs 235.00): The rate at which an exchange company or a bank buys one UK Pound Sterling from a customer.
• Selling Rate (Rs 237.50): The rate at which an exchange company or a bank sells one UK Pound Sterling to a customer.
• Time of Update (09:45 AM PST): The rates were last updated at this time.
The UK Pound Sterling to PKR exchange rates are subject to market forces and depend on the open market rates. These rates are determined by the forces of supply and demand for foreign currency in the market.
Disclaimer: Team PKRevenue.com provides the available rates of the open market, which are subject to change every hour. The exchange rates presented are based on the available data at the time of posting the story, and fluctuations may occur thereafter. The team emphasizes that they are not responsible for any inaccuracy in the data, and individuals are encouraged to consult with their respective banks or exchange companies for the most up-to-date rates.
Exchange rates are influenced by various factors, including economic conditions, geopolitical events, and market sentiment. The rates provided serve as a reference point for individuals and businesses involved in currency transactions, helping them make informed decisions regarding buying or selling foreign currency.
As the foreign exchange market is dynamic, market participants are advised to stay informed about market trends and announcements that may impact exchange rates. The flexibility of the open market allows for adjustments in response to changing conditions, making it crucial for individuals and businesses to adapt to the evolving landscape of currency exchange.
