EUR to PKR Today: Euro to Pakistani Rupee Rate

People in eurozone countries sending money home, students paying European tuition, and businesses invoicing in euros usually want one number: how many rupees a euro buys today. The converter above gives the mid-market reference rate for the Euro against the Pakistani rupee and works in both directions. It is a benchmark, not an offer. What a bank, an exchange company or a money-transfer service pays out will differ, and the next sections explain why.

How the EUR to PKR rate is built

The euro floats against the dollar, so the euro-rupee rate moves with both the euro-dollar rate and the dollar-rupee rate. The rate on this page is derived from the US dollar. The dollar-rupee rate is the base, and the euro's value per dollar converts it. Our dollar rate page shows the interbank and open-market dollar quotes in Pakistan separately.

Reference rate versus the rate you actually get

Three rates exist for any currency pair at once:

• Mid-market rate: the midpoint between what buyers will pay and sellers will accept. This is what the page shows.
• Interbank rate: the rate at which banks trade with each other. In Pakistan, the State Bank of Pakistan publishes interbank dollar rates on its website.
• Retail rate: what a counter or app quotes you. It sits on one side of the mid-market rate, and any fee or commission sits on top.

The difference between the retail and mid-market rates is the provider's margin. Comparing the final rupee amount a provider will deliver, after all fees, is the only like-for-like check.

Common amounts

The table beside the converter lists the rupee value of round EUR amounts. For other amounts, type the figure into the converter and use the swap button to convert rupees back into euros.

Related rates

• Gold rate in Pakistan today, priced in rupees per tola
• Petrol and diesel prices, which move with the dollar and global crude
• KIBOR rate, the benchmark behind Pakistani bank lending

Readers abroad can find more on our overseas Pakistanis page.

Reported by the BBP Business Desk. Exchange-rate data from ExchangeRate-API.