Forecasts for AED to PKR
The current exchange rate of the AED to PKR stands at 76.49, which is slightly above its three-month average. This stability suggests that the pair has traded within a narrow range of 2% between 75.49 and 77.02. Analysts have noted that the AED's peg to the US dollar, fixed at approximately 3.6725 since 1997, contributes to its stability against various currencies, including the Pakistani rupee.
Recent forecasts indicate ongoing challenges for the PKR driven by external pressures, including the 29% tariff on Pakistani goods imposed by the US, which has contributed to economic uncertainty in Pakistan. Additionally, while remittances from Pakistani workers abroad are at record highs, economists suggest these may be driven more by immediate needs rather than sustainable economic recovery, as the job market in the Middle East remains bleak.
Experts believe that these dynamics could influence the AED to PKR exchange rate going forward. Should the job market conditions improve for Pakistani workers in the Gulf, remittance flows may stabilize, potentially lending some support to the PKR. However, ongoing geopolitical tensions and trade barriers will likely keep the PKR under pressure in the short to medium term, which could lead to continued fluctuations in the AED to PKR exchange rate within the established range. Overall, currency analysts advise monitoring these economic indicators closely, as they will play a critical role in shaping future exchange rate movements.
