On March 29, 2025, the exchange rate for the UK Pound Sterling (GBP) against the Pakistani Rupee (PKR) in the open market showed slight fluctuations compared to the previous trading session.
As per the latest update, the buying rate for one UK Pound stood at Rs 361.01, while the selling rate was recorded at Rs 364.55.
In contrast, on the previous trading day, the buying and selling rates of the UK Pound were noted at Rs 360.52 and Rs 364.07, respectively. This minor difference indicates the impact of currency demand, global financial trends, and economic conditions affecting foreign exchange markets.
Foreign exchange rates, including the PKR to GBP conversion, are updated daily at 8:00 AM Pakistan Standard Time (PST). However, these rates are subject to change throughout the day based on fluctuations in demand and supply, global market trends, and economic policies influencing the UK Pound.
The buying rate of the UK Pound represents the price at which banks or exchange companies purchase GBP from customers, while the selling rate is the rate at which they offer GBP to buyers. The difference between these rates, known as the spread, varies based on market liquidity, trading volume, and financial conditions.
The UK Pound to PKR exchange rate is influenced by various factors, including trade between Pakistan and the United Kingdom, remittances sent by Pakistani expatriates residing in the UK, and broader global economic developments. The stability or volatility of the UK Pound in international markets also plays a crucial role in determining its value against the Pakistani Rupee.
As of March 29, 2025, the exchange rate remains relatively steady, reflecting a balanced demand for the UK Pound in Pakistan’s currency market. However, businesses, investors, and travelers dealing in GBP should keep track of real-time updates to stay informed about potential fluctuations in the PKR to UK Pound rate.
With global financial conditions evolving rapidly, the UK Pound to PKR exchange rate on March 29, 2025, could experience further adjustments. Therefore, it is advisable to monitor the latest market trends and updates to make informed financial decisions.