On March 23, 2025, the exchange rate for the UK Pound (GBP) against the Pakistani Rupee (PKR) in the open market recorded a buying rate of Rs 361.05, while the selling rate stood at Rs 365.21.
These rates determine the value at which individuals and businesses in Pakistan could exchange their PKR for the UK Pound on this specific date.
Compared to the previous day, the UK Pound experienced fluctuations, as the buying rate on March 22 was Rs 361.73, and the selling rate was Rs 365.28. Such daily changes in the PKR to UK Pound exchange rate are influenced by various factors, including market demand, economic trends, and international trade conditions.
The exchange rates for March 23, 2025, were updated at 8:00 AM Pakistan Standard Time (PST). However, it is important to note that these rates are subject to change throughout the day based on foreign currency demand, supply, and overall economic conditions.
The buying rate of the UK Pound represents the price at which banks or exchange companies purchase GBP from customers, while the selling rate reflects the price at which they provide GBP to individuals or businesses. The PKR to UK Pound parity is determined by market-driven forces, including fluctuations in foreign exchange reserves, inflation, and trade balances.
The exchange rate between the UK Pound and PKR is also impacted by broader economic factors such as interest rates, remittance inflows, and global financial policies. Since March 23, 2025, is a notable date in Pakistan, currency analysts and traders closely monitor forex trends to assess potential shifts in the market.
With a consistent demand for the UK Pound in trade, travel, and investment, tracking daily exchange rates is essential for businesses and individuals engaged in foreign currency transactions. Understanding PKR to UK Pound fluctuations helps in making informed financial decisions in an ever-changing economic landscape.