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KWDPKR

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Analysis and statistics

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About

KWDPKR.FOREX represents the exchange rate between the Korean Won (KRW) and the Pakistani Rupee (PKR) in the foreign exchange market. This currency pair reflects the relative value of the two currencies and is traded by individuals, businesses, and financial institutions seeking to profit from fluctuations in the exchange rate or to hedge against currency risk related to international trade and investment between South Korea and Pakistan. The price quoted indicates how many Pakistani Rupees are required to purchase one Korean Won.

Factors

Interest Rate Differentials: The gap between interest rates in Kuwait and Pakistan affects capital flows and therefore the exchange rate.

Oil Prices: Kuwait's economy is heavily reliant on oil; fluctuations in oil prices significantly impact its currency value.

Pakistani Economic Performance: Pakistan's GDP growth, inflation, and trade balance impact the PKR's strength.

Geopolitical Risk: Instability in the Middle East or South Asia can trigger capital flight, affecting both currencies.

Remittances: Pakistani remittances from overseas workers influence the demand for PKR.

Monetary Policy: Decisions by the central banks of Kuwait and Pakistan regarding money supply and interest rates.

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