Stay informed about the exchange rates between the Pakistani Rupee (PKR) and the UK Pound Sterling (GBP) on June 20, 2023.
These rates are subject to change throughout the day, influenced by market dynamics and foreign currency demand. The buying and selling rates are crucial for individuals and financial institutions engaged in foreign currency transactions.
Key Details:
Buying Rate: Rs 369.30 per UK Pound Sterling (GBP)
Selling Rate: Rs 373.00 per UK Pound Sterling (GBP)
Time of Update: 08:00 AM Pakistan Standard Time (PST)
Explanation:
The buying rate signifies the rate at which exchange companies or banks purchase foreign currency from customers. On June 20, 2023, the buying rate for one UK Pound Sterling (GBP) in Pakistani Rupees (PKR) stood at Rs 369.30 in the open market.
Conversely, the selling rate indicates the rate at which exchange companies or banks sell foreign currency to customers. On the same day, the selling rate for one UK Pound Sterling (GBP) in Pakistani Rupees (PKR) was Rs 373.00 in the open market.
Currency rates are highly dynamic and are influenced by various factors, including market forces and foreign currency demand. It is essential to stay updated as these rates can change throughout the day.
Conclusion:
On June 20, 2023, the exchange rates between the Pakistani Rupee (PKR) and the UK Pound Sterling (GBP) witnessed fluctuations in the open market. The buying rate was Rs 369.30 per GBP, indicating the rate at which foreign currency was purchased, while the selling rate stood at Rs 373.00 per GBP, indicating the rate at which foreign currency was sold. Individuals and financial institutions involved in foreign currency transactions should remain aware of these rates, as they are subject to change based on market forces and foreign currency demand.
