AED TO PKR and other currency rates in Pakistan on 15 Aug 2022

AED TO PKR and other currency rates in Pakistan on 15 Aug 2022

AED TO PKR buying exchange rate is 57.8 as per Pakistan Open Market and AED /PKR selling exchange rate for 1 Dirham is PKR is 58.80. Updated on, 15 Aug 2022

UAE Dirham to PKR Exchange rates fluctuate all the time, depending on worldwide supply and demand. Understanding the rate exchange for your currency this page might assist you in converting currency at the best possible rate.

AED to PKR (Dirham Rate in Pakistan)

The information has been obtained from the Forex Association of Pakistan

AED to PKR and other currency rates in Pakistan

CURRENCY	SYMBOL	BUYING	SELLING
US Dollar	USD	211	214
Euro	EUR	217	220
British Pound	GBP	256	260
UAE Dirham	AED	57.8	58.8
Saudi Riyal	SAR	56.5	57.5
Kuwaiti Dinar	KWD	732.99	737.99
Canadian Dollar	CAD	175.7	177.05
Australian Dollar	AUD	159.29	160.54
Omani Riyal	OMR	583.74	588.24
Japanese Yen	JPY	1.6	1.67
Malaysian Ringgit	MYR	50.36	50.81
Qatari Riyal	QAR	61.66	62.16
Bahrain Dinar	BHD	596.93	601.43
Thai Bhat	THB	6.65	6.75
Chinese Yuan	CNY	33.38	33.63
Hong Kong Dollar	HKD	28.6	28.95
Danish Krone	DKK	31.17	31.52
New Zealand Dollar	NZD	144.21	145.41
Singapore Dollar	SGD	163.94	165.24
Norwegians Krone	NOK	23.6	23.9
Swedish Krona	SEK	22.36	22.66
Swiss Franc	CHF	238.47	240.22
Indian Rupee	INR	2.84	2.92

BOLNews.com, Pakistan’s top currency rates portal provides you up to date exchange rates of Pakistan. Open market currency exchange rates in Pakistan are not quite the same as open market, especially dollar rates. In Pakistan Banks generally charge a higher exchange rate on the currency. We timely update Inter-bank currency rates on our website.

Source https://www.globalcourant.com/aed-to-pkr-and-other-currency-rates-in-pakistan-on-15-aug-2022/?feed_id=10972&_unique_id=62f9a5ad122e5

Dirham and other currency rates in Pakistan on 12 Aug 2022

Dirham and other currency rates in Pakistan

AED TO PKR buying exchange rate is 58.8 as per Pakistan Open Market and AED /PKR selling exchange rate for 1 Dirham is PKR is 59.80. Updated on, 12 Aug 2022

UAE Dirham to PKR Exchange rates fluctuate all the time, depending on worldwide supply and demand. Understanding the rate exchange for your currency this page might assist you in converting currency at the best possible rate.

Dirham Rate in Pakistan

The information has been obtained from the Forex Association of Pakistan

Dirham and other currency rates in Pakistan

CURRENCY	SYMBOL	BUYING	SELLING
US Dollar	USD	215	220
Euro	EUR	220	223
British Pound	GBP	260	264
UAE Dirham	AED	58.8	59.8
Saudi Riyal	SAR	57.3	58.3
Kuwaiti Dinar	KWD	731.78	736.78
Canadian Dollar	CAD	174.21	175.56
Australian Dollar	AUD	156.44	157.69
Omani Riyal	OMR	583.55	588.05
Japanese Yen	JPY	1.6	1.67
Malaysian Ringgit	MYR	50.36	50.81
Qatari Riyal	QAR	61.64	62.14
Bahrain Dinar	BHD	596.74	601.24
Thai Bhat	THB	6.65	6.75
Chinese Yuan	CNY	33.23	33.48
Hong Kong Dollar	HKD	28.58	28.93
Danish Krone	DKK	30.84	31.19
New Zealand Dollar	NZD	141.05	142.25
Singapore Dollar	SGD	162.8	164.1
Norwegians Krone	NOK	23.1	23.4
Swedish Krona	SEK	22.08	22.38
Swiss Franc	CHF	235.55	237.3
Indian Rupee	INR	2.82	2.9

BOLNews.com, Pakistan’s top currency rates portal provides you up to date exchange rates of Pakistan. Open market currency exchange rates in Pakistan are not quite the same as open market, especially dollar rates. In Pakistan Banks generally charge a higher exchange rate on the currency. We timely update Inter-bank currency rates on our website.

 

Source https://www.globalcourant.com/dirham-and-other-currency-rates-in-pakistan-on-12-aug-2022/?feed_id=9740&_unique_id=62f5ab12aa329

US stocks rally, dollar retreats as Fed hikes interest rates

Analysts said the central bank's move met market expectations and they took heart in Powell's statements that implied the central bank could undertake smaller interest rate hikes later in 2022 after two straight super-sized increases.

All three major US indices enjoyed solid gains, with the S&P 500 finishing up 2.6 percent. (AP)

Wall Street stocks rallied and the dollar retreated as the Federal Reserve again proceeded with a large interest rate hike, maintaining its forceful stance to combat inflation.

The US central bank carried out the second straight 75 basis point increase on Wednesday, and the fourth rate hike this year, moving aggressively to cool the strongest surge in inflation in more than four decades without derailing the world's largest economy.

But equities pushed even higher during Fed Chair Jerome Powell's news conference, where he described the US economy as slowing but not in recession.

Analysts said the central bank's move met market expectations and they took heart in Powell's statements that implied the central bank could undertake smaller interest rate hikes later in 2022 after two straight super-sized increases.

Wall Street "is contemplating less aggressive monetary policy at least on the Fed Funds rate as we move from the third quarter into the fourth quarter," said Art Hogan, chief market strategist at B Riley Wealth Management.

All three major US indices enjoyed solid gains, with the S&P 500 finishing up 2.6 percent.

The dollar also pulled back against the euro and other currencies in a sign the Fed's stance was seen as less hawkish than expected.

READ MORE: US Fed announces biggest interest rate hike in nearly three decades

[embed]https://www.youtube.com/watch?v=7pe5kXoYHOU[/embed]

'Markets signal of economic strength'

GDP in the first quarter contracted 1.6 percent. Two quarters of negative growth are generally considered a sign the economy is in recession, although that is not the official criteria.

Powell noted the Fed's mandate is to promote price stability and full employment, not to make declarations about recessions — but added he did not consider current conditions consistent with such a categorization.

A recession is "a broad-based decline across many industries that is sustained for more than a couple months," Powell told reporters.

"What we have right now doesn't seem like that. The real reason is that the labor market is just sending such a strong signal of economic strength that it makes you really question the GDP data."

In Europe, shares in London rose 0.6 percent, Paris climbed 0.8 percent and Frankfurt added 0.5 percent.

READ MORE: Eurozone business activity contracts as price rises bite

[embed]https://www.youtube.com/watch?v=hgNKELdX1iU[/embed]

Source: AFP

Source https://www.globalcourant.com/us-stocks-rally-dollar-retreats-as-fed-hikes-interest-rates/?feed_id=3086&_unique_id=62e1d35093387