Pakistani rupees to Euros today
Convert PKR to EUR at the mid-market exchange rate. Compare the best money transfer providers and find the cheapest way to send money.
Exchange Rate Trend
PKR to EUR Conversion Table
Convert PKR to EUR
| PKR | EUR |
|---|---|
| ₨1 | €0.00 |
| ₨5 | €0.02 |
| ₨10 | €0.03 |
| ₨25 | €0.08 |
| ₨50 | €0.15 |
| ₨100 | €0.31 |
| ₨500 | €1.54 |
| ₨1,000 | €3.08 |
| ₨5,000 | €15.40 |
| ₨10,000 | €30.80 |
Convert EUR to PKR
| EUR | PKR |
|---|---|
| €1 | ₨324.6996 |
| €5 | ₨1,623.4979 |
| €10 | ₨3,246.9957 |
| €25 | ₨8,117.4893 |
| €50 | ₨16,234.9786 |
| €100 | ₨32,469.9572 |
| €500 | ₨162,349.7859 |
| €1,000 | ₨324,699.5717 |
| €5,000 | ₨1,623,497.8586 |
| €10,000 | ₨3,246,995.7172 |
About the Pakistani Rupee (PKR)
The Pakistani Rupee (PKR) is managed by the State Bank of Pakistan. The currency is influenced by the country's trade balance, remittances, and relationships with international financial institutions.
Key Factors That Influence PKR
- SBP monetary policy
- Remittance inflows
- IMF program conditions
- Import cover and reserves
- Cotton and textile exports
About the Euro (EUR)
The Euro (EUR) is the official currency of 20 European Union countries, making it the second most traded currency worldwide. It is managed by the European Central Bank (ECB) and represents one of the largest economic blocs.
Key Factors That Influence EUR
- ECB monetary policy decisions
- Eurozone GDP and economic indicators
- Political stability in member states
- Inflation differentials across the bloc
- German economic performance as the largest economy
Understanding the PKR/EUR Exchange Rate
The PKR/EUR exchange rate tells you how many Euros you get for 1 Pakistani Rupee. This is the mid-market rate, which is the real exchange rate without any markup from banks or money transfer services.
When sending money from Pakistani Rupee to Euro, always compare providers to find the best rate. Different services charge different fees and offer different exchange rates, so comparing can save you money on international transfers.
The exchange rate between PKR and EUR fluctuates based on supply and demand in the foreign exchange market. Economic data releases, central bank announcements, and geopolitical events can all cause significant movements in the rate.
Tips for Getting the Best PKR to EUR Rate
Whether you're sending money abroad, paying for goods in a foreign currency, or traveling, getting a good exchange rate can save you significant money. Here's how to maximize your EUR:
- Compare the mid-market rate: The rate shown on this page is the real exchange rate. Compare any rate you're offered against this to see the true markup.
- Avoid banks and airports: Traditional banks typically charge 3-5% markup, while airport exchanges can charge 10% or more. Online specialists offer much better rates.
- Use specialist money transfer services: Services like Wise, OFX, and Remitly offer rates much closer to the mid-market rate than banks.
- Check total costs, not just rates: Some providers advertise great rates but charge high fees. Always compare the total amount you'll receive.
- Time your exchange: Rates fluctuate constantly. If your transfer isn't urgent, monitor rates and exchange when they're favorable.
- Consider rate alerts: Many services let you set alerts for when the PKR/EUR rate reaches your target level.
How PKR/EUR Exchange Rates Work
Exchange rates are determined by supply and demand in the global foreign exchange (forex) market, the largest financial market in the world with over $6 trillion traded daily.
Floating vs Fixed Rates: Most major currencies like PKR and EUR have floating exchange rates, meaning their value is determined by market forces. Some currencies are pegged to another currency (usually USD) at a fixed rate.
Bid and Ask Prices: In forex markets, currencies are quoted with a bid price (what buyers pay) and ask price (what sellers receive). The mid-market rate shown on this page is the midpoint between these two prices.
Rate Fluctuations: The PKR/EUR rate can change every second during trading hours. Major economic announcements, interest rate decisions, and geopolitical events can cause significant moves in either direction.
Frequently Asked Questions About PKR/EUR
How do I convert PKR to EUR?
To convert PKR to EUR: (1) Enter the amount in PKR you want to convert in the calculator above. (2) The calculator will automatically show the equivalent in EUR using the live mid-market rate. Current rate: 1 PKR = 0.0031 EUR. For the best rates when transferring money, compare providers like Wise, Remitly, and OFX.
What is 1 PKR in EUR today?
1 PKR equals 0.0031 EUR as of today. This is the mid-market exchange rate, which is the real rate without any bank markup. Rates fluctuate constantly based on market conditions, so check back regularly for updates.
Is the PKR going up or down against EUR today?
The PKR/EUR exchange rate fluctuates throughout the day based on market conditions. Today's rate is 1 PKR = 0.0031 EUR. Check our historical chart above to see the trend over the past day, week, month, or year to understand whether PKR is strengthening or weakening against EUR.
What is the best time to buy EUR with PKR?
The best time to exchange PKR to EUR depends on market conditions. Generally, rates tend to be more favorable during overlapping trading hours between major financial centers (London, New York, Tokyo). Avoid exchanging during weekends or bank holidays when spreads may be wider. Use our historical chart to identify trends and consider setting up rate alerts.
Why is PKR falling or rising against EUR?
Exchange rates between PKR and EUR are influenced by: interest rate differentials between central banks, inflation rates, GDP and economic growth data, trade balances, political stability, and global market sentiment. Major announcements from the Federal Reserve, ECB, or other central banks can cause significant short-term movements in the PKR/EUR rate.
How can I get the best PKR to EUR exchange rate?
To get the best PKR/EUR rate: (1) Compare rates from multiple providers - banks typically charge 3-5% markup. (2) Use specialist services like Wise, Remitly, or OFX which offer near mid-market rates. (3) Avoid airport and hotel exchanges which have the highest markups. (4) Check for hidden fees in addition to the exchange rate. (5) Consider a multi-currency account for frequent exchanges.
What is the mid-market rate for PKR/EUR?
The mid-market rate (also called the interbank rate) is the midpoint between buy and sell prices in global currency markets. The current mid-market rate is 1 PKR = 0.0031 EUR. This is the "real" exchange rate without any bank markup. Compare any rate you're offered against this mid-market rate to see the true cost of your exchange.