Forecasts for AED to PKR
Recent analysis and market updates for the AED to PKR exchange rate indicate a cautious but generally stable outlook. The UAE dirham is fixed to the US dollar, maintaining its peg at approximately 3.6725 since 1997. This stability supports the AED, insulating it from fluctuations that primarily affect other currencies not pegged to the dollar.
Currently, the AED to PKR exchange rate is trading at 14-day highs near 76.75, reflecting a slight increase of 0.6% above its 3-month average of 76.26. The rate has stayed within a relatively narrow range of 75.49 to 77.02, which highlights the consistency in the exchange rate amid external pressures. Analysts suggest that this stability could continue, given the peg and the recent economic dynamics.
On the Pakistani side, the imposition of a 29% reciprocal tariff by the US is a significant factor affecting trade and currency valuation. This has added pressure to the PKR, particularly as the overall economic environment remains challenging. Despite this, remittances from migrant workers – specifically from the Middle East – have surged, offering some support to the PKR. Experts note that these remittances are likely being sent home in advance of potential job losses, indicating a strategic response by workers facing uncertain employment prospects.
Overall, forecasters predict that while the AED may maintain its strength due to the peg to the dollar, the PKR could remain vulnerable to external economic influences and domestic challenges. Continued monitoring of remittance flows and geopolitical developments will be essential to gauge future trends in the AED to PKR exchange rate.
