PKR to EUR Exchange Rates & Currency Deals

The EUR to PKR exchange rate is currently range-bound. Key drivers include the interest rate gap between the ECB and the State Bank of Pakistan, with the ECB cautious to avoid a stronger euro impacting inflation. The PKR shows strength, reflecting growing confidence in Pakistan’s economy amid inflation concerns. The euro's stability may be further supported by Bulgaria's potential euro adoption. Near term, the EUR to PKR is expected to stay within a stable trading range, with volatility limited as the EUR is above its three-month average. Upside risk for the euro could stem from better-than-expected eurozone data, while Fitch Ratings predicts gradual PKR depreciation, presenting a downside risk if market sentiment changes. EUR/PKR remains stable, driven by ECB caution vs. SBP stance. Euro may gain if eurozone data improves; downside risks from Fitch forecast on PKR depreciation. Traders should watch for shifts in economic indicators for direction