Forecasts for AED to PKR
The exchange rate forecast for the AED to PKR has recently shown stability, with the pair currently trading at around 76.35 PKR per AED. This value is situated near the lows of the past week and remains slightly above its three-month average. Analysts note that the exchange rate has fluctuated within a narrow range of approximately 2.0%, between 75.49 and 77.02 PKR, suggesting minimal volatility in the near term.
The UAE dirham’s long-standing peg to the US dollar at around 3.6725 AED to $1 provides a level of consistency for the AED, especially as currency values in the Gulf region remain stable due to pegging mechanisms. However, the broader economic climate affecting the Pakistani rupee, especially in light of the US's imposition of a substantial 29% tariff rate on goods from Pakistan, continues to influence its strength. This tariff, part of the trade tensions initiated during the Trump administration, imposes additional pressure on the PKR.
Furthermore, remittances from migrant workers in the Middle East have become a vital lifeline for Pakistan's economy, with experts highlighting that record amounts of money are being sent home. This influx has offered some support to the PKR but may also be a response to an uncertain job market, as many workers are reportedly sending money in anticipation of their returns amid dwindling employment opportunities in the Middle East.
As the AED to PKR exchange rate currently reflects its short-term steadiness, forecasters remain cautious, citing external economic pressures and domestic conditions within Pakistan. The evolving landscape could prompt fluctuations in the exchange rate, and market participants are advised to stay informed and consider hedging their foreign exchange risks in the coming months.
