Pound to PKR Exchange Rate Today - 2nd August, 2024

Exchange Rate Update The Pakistani Rupee (PKR) has opened at 354.85 against the UK Pound today, August 2, 2024.

Interest Rate  Differentials: Differences in interest rates between the UK and Pakistan can significantly impact exchange rates. Higher interest rates in a country tend to attract foreign investment, strengthening its currency.

Economic Growth Countries with robust economic growth often see their currencies appreciate. News about GDP growth, employment rates, and industrial production can influence exchange rates.

Political Stability Political instability can weaken a currency. News of political crises, elections, or policy changes can affect investor sentiment and exchange rates.

Trade Balance  A country with a trade surplus (exports exceed imports) tends to have a stronger currency. News about export and import figures can impact exchange rates.

Inflation  High inflation rates can erode a currency's purchasing power. News about inflation figures can influence investor sentiment and exchange rates.

Geopolitical Events  Global events like wars, conflicts, or natural disasters can affect currency markets. News related to these events can cause significant fluctuations.

Central Bank Interventions  Central banks can intervene in currency markets to influence exchange rates. News about central bank actions can impact currency values.

Market Sentiment  Investor sentiment and market psychology play a crucial role in exchange rate movements. News about overall market conditions can affect currency values.