On March 23, 2025, the exchange rate of the Euro (EUR) against the Pakistani Rupee (PKR) in the open market stood at a buying rate of Rs 302.15, while the selling rate was Rs 305.21.
These figures indicate the value at which individuals and businesses in Pakistan could trade their currency for the Euro on this particular day.
Compared to the previous day, the Euro experienced fluctuations, as the buying rate on March 22 was Rs 302.80, whereas the selling rate was Rs 305.89. Such daily variations in the PKR to Euro exchange rate are influenced by multiple factors, including market demand, international economic conditions, and trade balances.
The exchange rates for March 23, 2025, were updated at 8:00 AM Pakistan Standard Time (PST). It is essential to note that these values are subject to change throughout the day depending on shifts in foreign currency demand and supply, geopolitical developments, and broader economic trends.
The buying rate of the Euro represents the price at which banks or exchange companies purchase EUR from customers, while the selling rate reflects the price at which they provide EUR to individuals or businesses. The exchange rate between PKR and Euro is influenced by open market conditions, supply and demand dynamics, and foreign exchange reserves.
The parity between Euro and PKR is also impacted by factors such as Pakistan’s trade deficit, remittances, and international economic policies. As March 23, 2025, holds significance in Pakistan, traders and financial analysts closely monitor the forex market for trends in currency movement.
Given the high demand for the Euro in trade, travel, and investment, keeping track of daily exchange rates is crucial for businesses and individuals dealing in foreign currency transactions. Staying informed about PKR to Euro fluctuations can help make timely and strategic financial decisions in a dynamic global economy.