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EURPKR

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Analysis and statistics

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About

EURPKR.FOREX represents the exchange rate between the Euro (EUR), the official currency of the Eurozone, and the Pakistani Rupee (PKR), the currency of Pakistan, in the foreign exchange (forex) market. This forex pair indicates how many Pakistani Rupees are needed to purchase one Euro. The value of EURPKR fluctuates constantly based on various economic and political factors affecting both the Eurozone and Pakistan, including interest rates, inflation, trade balances, and geopolitical events.

Factors

Interest Rate Differentials: Higher Eurozone interest rates relative to Pakistan attract investment, increasing EUR demand, pushing EURPKR up.

Economic Growth: Stronger Eurozone economic growth compared to Pakistan boosts Euro demand, lifting EURPKR.

Inflation: Higher inflation in Pakistan relative to the Eurozone weakens PKR, increasing EURPKR.

Political Stability: Political instability in Pakistan weakens PKR, increasing EURPKR. Eurozone stability strengthens EUR, also lifting EURPKR.

Trade Balance: A Eurozone trade surplus and Pakistani deficit increase EUR demand, lifting EURPKR.

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