On February 20, 2024, the buying rate of the UK Pound Sterling in Pakistan remained steady at Rs352.4, while its selling rate also held firm at Rs355.4 in the open market.
Analysis of the currency website indicated that the Pound witnessed no change against the Pakistani Rupee in the open market, maintaining stability in the exchange dynamics.
The GBP to PKR Rate on February 20, 2024, remained consistent with the previous day's rate:
- February 20, 2024: Rs. 352.4 (no change)
- February 19, 2024: Rs. 352.4
GBP is the currency code for the British pound sterling, serving as the official currency of the United Kingdom, with the symbol (£) used to denote it.
With over 1.5 million Pakistani expatriates residing in the United Kingdom, the GBP to PKR exchange rate holds significant importance as they regularly send remittances to their families in Pakistan, necessitating close monitoring of currency fluctuations.
For those interested in understanding the conversion rates, as of February 20, 2024:
- 500 UK Pound Sterling would amount to approximately Rs176,200 in the open market.
- 1,000 UK Pound Sterling would be equivalent to around Rs352,400 in Pakistani currency.
Converting UK Pounds to Pakistani Rupees is a straightforward process for individuals carrying GBP. They can visit banks or branches of exchange companies across Pakistan to facilitate the conversion, ensuring ease of transactions and financial management between the two currencies.
