Euro to Pakistani Rupee Exchange Rate Sees Minor Fluctuation Check Latest change
The Pakistani Rupee (PKR) saw a minor gain against the Euro (EUR) today, appreciating by 0.03% in the interbank market to close at Rs. 326.53 per EUR. This subtle uptick follows a week of relative stability, despite global economic headwinds. Below are the current rates and a comparison of the last seven days to keep you informed.
Current EUR to PKR Exchange Rate
| Currency Pair | Interbank Rate (June 23, 2025) | Open Market Buying Rate | Open Market Selling Rate |
|---|---|---|---|
| EUR/PKR | Rs. 326.53 | Rs. 326.80 | Rs. 328.10 |
Last 7 Days: EUR to PKR Rate Comparison
The table below tracks the interbank closing rates for EUR/PKR over the past week, with daily changes:
| Date | Interbank Closing Rate (Rs.) | Change (Rs.) | Change (%) |
|---|---|---|---|
| June 23, 2025 | 326.53 | +0.11 | +0.03% |
| June 22, 2025 | 326.42 | 0.00 | 0.00% |
| June 21, 2025 | 326.42 | -0.73 | -0.22% |
| June 20, 2025 | 327.15 | -0.03 | -0.01% |
| June 19, 2025 | 327.18 | +2.34 | +0.72% |
| June 18, 2025 | 324.84 | -1.46 | -0.45% |
| June 17, 2025 | 326.30 | +0.62 | +0.19% |
Key Observations:
- The PKR strengthened by a net Rs. 0.23 against the EUR over the week, a cumulative gain of 0.07%.
- The largest daily movement was on June 19, with a Rs. 2.34 gain for the PKR, while June 22 showed no change.
- Open market rates are slightly higher, with the selling rate reaching Rs. 328.10 on June 23.
Why Did the Rupee Gain?
Today’s slight appreciation is attributed to:
- Stable Eurozone Outlook: Recent Eurozone economic data, showing flat inflation, has reduced pressure on the EUR, allowing the PKR to gain marginally.
- Remittance Support: A 2% rise in remittances to Pakistan in June 2025, particularly from Europe, has increased PKR liquidity in the interbank market.
- SBP Interventions: The State Bank of Pakistan’s (SBP) strategic dollar and euro sales in the forex market have helped stabilize the PKR.
Unique Insights
- Underground Euro Trading: Informal currency exchanges in Lahore and Karachi report a 5% uptick in EUR transactions, driven by Pakistani expatriates in Europe hedging against potential PKR weakening.
- Oil Payment Shift: Pakistan’s partial shift to Chinese Yuan for oil imports has indirectly reduced EUR demand, as some European oil suppliers now accept alternative currencies, saving $30 million monthly.
- EU-Pakistan Trade Impact: A lesser-known factor is the 3% increase in Pakistan’s textile exports to the EU in Q2 2025, boosting EUR inflows and supporting the PKR.
Outlook
Analysts predict the EUR/PKR rate to remain between Rs. 325–330 through June, with a possible climb to Rs. 336 by July 21 if Middle East tensions escalate, raising oil prices and EUR demand. The SBP’s $9.2 billion reserves and 12% interest rate provide some stability for now.
Action Points
- Exchange Euros Now: If holding EUR, convert before potential rate spikes in July.
- Stay Informed: Monitor SBP or reliable forex platforms for daily updates.
- Use Regulated Channels: Avoid black-market exchanges to steer clear of inflated rates.
Disclaimer: Rates are based on interbank and open market data as of June 23, 2025. Projections are estimates and subject to change.
