DOHA/KARACHI: The exchange rate of the Qatari Riyal (QAR) remained consistent against the Pakistani Rupee (PKR), trading at about 77.07 PKR on Friday.
This stable rate illustrates the essential dynamics of supply and demand in the foreign exchange market, which influence currency changes.
1 Qatari Riyal is equal to 77.07 Pakistani Rupee.
The QAR-PKR exchange rate is influenced by various economic factors including interest rates, inflation, and macroeconomic indicators from both nations. The Qatar Central Bank (QCB) and the State Bank of Pakistan (SBP) play crucial roles in maintaining currency stability through effective monetary policies. Qatar’s robust economy, supported by substantial hydrocarbon reserves, enhances the strength of the QAR.
In contrast, the dynamics of Pakistan’s economy—characterized by a variety of industries and expanding trade relationships—affect the value of the PKR. A stable QAR-PKR exchange rate promotes trade and investment between the two countries, benefiting Qatari investors interested in Pakistan’s emerging market and Pakistani exporters aiming at Qatari demand.
About the Currencies:
Qatari Riyal (QAR): The official currency of Qatar, issued by the Qatar Central Bank, is pegged to the US Dollar and is subdivided into 100 dirhams.
Pakistani Rupee (PKR): The legal currency of Pakistan, regulated by the State Bank of Pakistan, is made up of 100 paisa.
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