EUR to PKR: Euro to Pakistani Rupee
Convert Euros to Pakistani Rupees with the live interbank rate, updated hourly. The Euro is the official currency of 20 European Union countries (Germany, France, Italy, Spain, Netherlands, and others). Pakistani diaspora communities across these countries send substantial euro remittances home. The EUR to PKR rate also matters for Pakistanis studying in Europe and for European tourists travelling to Pakistan.
About the EUR to PKR rate
The Euro and PKR
The Euro (EUR) is the official currency of the Eurozone, used by 20 EU member states. It is the world's second most-traded currency after the USD. EUR to PKR moves with both the EUR to USD rate and the USD to PKR rate. After the 2010-2012 European debt crisis the Euro fell significantly against the dollar; it has since stabilized in the 1.05 to 1.20 EUR per USD range.
Pakistani diaspora in Europe
Pakistani communities are spread across Europe: largest in Italy (over 100,000), Germany (over 80,000), Spain, France, Netherlands, and Greece. Many work in industry, services, healthcare, and increasingly technology. Italy has historically had the largest Pakistani community in Europe due to longstanding migration links. Remittances from European Pakistanis to Pakistan are a meaningful portion of the country's total inflows.
Sending EUR to Pakistan
Remittance options from Europe include Wise (TransferWise), Western Union, MoneyGram, Remitly, Ria, and Pakistani bank exchange houses with European operations. The Roshan Digital Account offers preferential rates for European Pakistanis transferring to Pakistani bank accounts. Each provider differs in rate-plus-fee total; compare for each specific transfer. SEPA bank transfers within the Eurozone are essentially free, but cross-currency to PKR always involves a margin.
Pakistani students in Europe
European education has become attractive to Pakistani students, particularly in Germany (where many public universities charge little to no tuition), Italy, Sweden, and Netherlands. Tuition plus living costs typically run 10,000 to 25,000 EUR per year. The EUR to PKR rate matters when transferring family funds for student support. Many universities also accept EUR scholarships and stipends from organizations like DAAD (Germany).
Travelling between Pakistan and Europe
Travel from Pakistan to Europe usually requires a Schengen visa, with frequent direct flights from Karachi and Lahore to Istanbul (Turkish Airlines), Doha (Qatar Airways), and onward. For travellers carrying EUR cash to Pakistan, money changers in major cities typically offer rates within 0.5 percent of the interbank rate. ATMs in Pakistan accept most European debit and credit cards but with a foreign-transaction fee.
EUR to PKR historical trend
In 2000 the EUR to PKR rate was about 50. By 2010 it had reached 100. By 2020 it was around 195. After the 2022 Pakistan economic crisis it crossed 300. The long-term trend reflects PKR depreciation; short-term volatility comes from both Euro-USD movements and Pakistani current-account conditions. Watch the live rate above for the current value.
The live EUR to PKR rate is shown in the converter at the top of this page, updated hourly. Exchange rates fluctuate throughout the day based on global currency markets, central bank actions, and trading flows. The calculator gives you a real-time reference; the rate you actually pay through a bank, money changer, or remittance service includes a margin on top of this interbank rate.
Exchange rates between freely traded currencies are set by the global foreign exchange market, which trades around $7 trillion per day. The published interbank rate is the rate at which large banks exchange currency with each other. Retail rates (what you pay at a bank or money changer) include a margin of typically 0.5 to 4 percent above this interbank rate, depending on the provider.
Many factors drive currency rate changes: interest rate decisions by central banks (the State Bank of Pakistan, US Federal Reserve, etc.), trade flows between countries, foreign investment, government debt levels, political stability, inflation differentials, and global commodity prices (especially oil for currencies of importing countries). Short-term volatility can be a few percent a week; long-term trends can be 10 to 30 percent a year.
Very much. Pakistan receives over $25 billion a year in worker remittances, with major source countries including Europe (Germany, France, Italy, Spain). European Pakistani diaspora communities in Germany, France, Italy, and Spain send substantial euro remittances to Pakistan each year. A 1 percent worse exchange rate on a $1,000 monthly remittance costs $120 per year. Comparing providers and watching rates can save meaningful amounts over time.
Compare a few providers before sending. Wise, Remitly, Western Union, Ria, MoneyGram, and your bank's remittance service all offer different rates and fees. Some providers waive fees but offer worse rates; others charge a fee with a better rate. The total cost is what matters. Pakistani Roshan Digital Account holders sometimes get preferential rates for incoming foreign currency.
Not exactly. The converter shows the interbank (mid-market) rate. Banks add a margin, typically 1 to 3 percent. Money changers in Pakistan often get within 0.5 percent of the interbank rate for cash transactions. Card transactions abroad usually convert at close to the interbank rate plus a small foreign-transaction fee from your card issuer.
Yes. Cash rates at money changers are often closer to interbank than card or wire transfer rates from banks. However, carrying large cash amounts has security and legal disclosure implications, especially for amounts above the customs threshold (US 10,000 equivalent at most borders). For most amounts, an electronic transfer through a competitive provider is the best balance of safety and rate.
The calculator handles one amount at a time. For bulk conversions, run the math manually using the per-unit rate: if 1 EUR equals X PKR, then N EUR equals N times X PKR. The calculator displays both the converted amount and the per-EUR rate.
Yes. The Gizmoop currency converter is completely free. There is no signup required, and no transaction fee (because Gizmoop is not a money transfer service, just a free rate calculator). For actual money transfers, use a regulated provider.
No. Every calculation runs in your browser and is forgotten when you close the tab. Gizmoop does not log or track your inputs, amounts, or chosen currencies. The exchange rates themselves come from a public API.
Major forex markets close on weekends, so the published rate on Saturday and Sunday is usually the Friday closing rate. Real trading resumes Monday morning. Money changers in Pakistan and most countries still trade on weekends but typically at slightly worse rates because they cannot hedge against Monday opening risk.
The calculator is for general reference. For legal, tax, or accounting purposes (customs declarations, foreign income reporting, etc.), use the official exchange rate published by your country's central bank or tax authority for the relevant date. In Pakistan, the State Bank of Pakistan publishes official rates daily on its website.
Long-term currency trends reflect the relative economic strength of the two countries. The Euro versus Pakistani Rupee relationship has its own history of devaluations, central bank interventions, and political events. Use the live calculator for current rates; for historical analysis, see central bank publications or financial data providers like XE, OANDA, or the IMF.