EUR to PKR Exchange Rate Today
Euro to Pakistani Rupee conversion for the 500,000+ Pakistani diaspora in Europe. Track live EUR/PKR rates every 30 minutes for remittances from Italy, Spain, Germany, France to Karachi, Lahore, Islamabad—workers supporting families through rupee volatility.
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Frequently Asked Questions
What is the Euro to Pakistani Rupee exchange rate?
The EUR to PKR exchange rate has been volatile, ranging from 220-340+ PKR per 1 EUR due to Pakistan's economic challenges and rupee depreciation. Europe has a substantial Pakistani diaspora (500,000+), particularly in Italy, Spain, Germany, and France, making EUR/PKR an important European remittance corridor. Pakistan receives significant remittances from Europe ($2B+ annually). Our converter updates every 30 minutes with current mid-market rates reflecting Pakistan's evolving economic situation and euro strength.
How can Pakistanis in Europe send money to Pakistan?
European Pakistanis have multiple remittance options: Ria Money Transfer (popular Europe-Pakistan), Remitly, WorldRemit, Western Union or MoneyGram (extensive agent network); mobile wallets (EasyPaisa, JazzCash instant delivery); European-Pakistan specialized services; or direct bank transfers to HBL, MCB, UBL, Allied Bank. For communities in Milan, Rome, Barcelona, Madrid, Paris, Frankfurt sending to Karachi, Lahore, Islamabad, or villages, compare total PKR received—differences can be 3-6% given rupee volatility.
Why is the Pakistani rupee so weak against the euro?
PKR weakness (1 EUR ≈ 280-340 PKR) reflects: Pakistan's recurring economic crises, high inflation (20-40%), IMF program conditions, political instability, import dependence, and structural challenges. The euro's strength as a major reserve currency amplifies the gap. For European Pakistanis (working in manufacturing, services, agriculture in Italy/Spain), the climbing EUR/PKR rate means more rupees per euro sent—beneficial for remittances but reflecting serious economic challenges back home requiring family support.
Do European banks offer good rates for Pakistani rupees?
No. European banks charge 3-5% above mid-market for EUR to PKR plus €15-35 fees—expensive for regular remittances. German banks (Deutsche Bank, Commerzbank), Italian banks (Intesa Sanpaolo, UniCredit), Spanish banks (BBVA, Santander), and French banks (BNP Paribas) all offer poor rates. Specialized services are far better: Ria charges 1-3%, Remitly 2-4%, mobile money services minimal fees. For the 500K+ European Pakistani community, specialized services save 50-70% versus banks.
When is the best time to send euros to Pakistan?
Given PKR volatility, timing matters significantly for large transfers. Watch: State Bank of Pakistan policy, IMF program reviews, Pakistan political developments, inflation reports, and forex reserve levels. For regular monthly family support (common in European Pakistani community), consistent transfers work fine. For large transfers (property in DHA/Bahria, wedding expenses, medical costs), send when EUR/PKR is elevated (rupee weak) to maximize rupees. Rate alert apps help European Pakistanis track favorable moments.