AED To PKR: Convert UAE Dirham to Pakistani Rupee - Forbes

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If you're planning a trip to Pakistan, you may want to exchange some of your United Arab Emirates dirham into rupee, the country's official currency. The international symbol for the currency is PKR.

The rupee, issued by the State Bank of Pakistan, is available in denominations of 10, 20, 50, 100, 500, 1,000 and 5,000.

This post has everything you need to know about converting AED to PKR, including where to secure the best exchange rates and how to avoid paying high fees on your conversion.

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How to Convert AED to PKR

Calculating how to convert AED to PKR is fairly simple. You can make the conversion using a calculator or you can do it by hand.

1. Use a Currency Calculator

Using a currency conversion calculator is often the easiest way to get an estimate when you're converting currency. Since exchange rates fluctuate on a daily basis, using a calculator can ensure your math is correct.

Keep in mind that exchanging currency often comes with added fees that a conversion calculator won't be able to predict. For instance, credit card companies and ATM networks usually charge a 1% conversion fee on all foreign transactions. Individual merchants may also charge supplemental fees if you ask them to convert the price of an item to your home currency at checkout.

2. Calculate it Manually

The other option is to do the calculation manually using a simple mathematical formula. However, in order to do this, you need to know the current exchange rate. At the time of writing, 1 AED is worth 60.42 PKR.

Once you know that information, multiply the amount you have in AED by the current exchange rate. The resulting number will show you the amount of PKR that you have to spend on your trip.

Manual Currency Conversion Example

Let's say you have 800 AED and would like to figure out how much rupee you have for a trip to Pakistan. Using the current exchange rate, the formula for your conversion would look like this:

800 AED x 60.42 = 48,336 PKR

How To Buy PKR

When you're ready to buy PKR, it's a good idea to plan ahead to ensure that you pay the fewest fees. Here are three ways to get the currency you need while minimizing the fees you'll be charged:

  • Exchange at a UAE-licensed money exchange center. These centers can be found at airports, malls and public markets in the UAE. Banks and hotels in the UAE also can exchange AED for other currency. An official UAE tourism website says every exchange center in the country offers "fair" exchange rates.
  • Use your bank's ATM abroad for withdrawals where possible: Similarly, if you need to exchange more money while you're on your trip, try to find an in-network ATM. Most banking apps have an "ATM locator" feature to help you find the closest option, and using an ATM affiliated with your bank can help you avoid excess fees. It's worth noting that it may be hard to find an ATM in Pakistan, as there are less than 16,000 active ATMs in a country with almost 230 million residents.
  • Order currency online: If your bank doesn't offer online shipping, you can also use a third party to get currency delivered to your door. However, be aware of inflated costs with some of these vendors. Currency Exchange International (CXI), for instance, advertises that it does not charge an exchange fee for home deliveries. However, you'll pay up to 30 USD for overnight shipping.

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What to Avoid When Exchanging Currency

  • Exchanging currency at an airport: While exchanging currency at an airport is convenient, these kiosks often offer some of the worst exchange rates while charging some of the highest fees. This advice may apply more to kiosks in Pakistan than in the UAE, but you should always be mindful of fees when you're exchanging currency at an airport.
  • Paying with a credit card: Try to pay in cash while you're in Pakistan instead of a credit card. Why? Because a credit card issuer might offer a worse foreign exchange rate than a bank.

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