OMR to PKR: Omani Riyal to PKR Exchange Rates – 2 April 2024
On 2 April 2024, the exchange rate between the Omani Riyal (OMR) and the Pakistani Rupee (PKR) was as follows:
1 OMR = 475.30 PKR
Factors Affecting the OMR to PKR Exchange Rate
The exchange rate between two currencies is influenced by various factors. Here are some key factors that can affect the OMR to PKR exchange rate:
1. Economic Conditions
The economic conditions of both Oman and Pakistan play a significant role in determining the exchange rate. Factors such as inflation, interest rates, and economic growth can impact the value of a currency.
2. Political Stability
The political stability of a country can influence its currency’s value. Political unrest or instability can lead to a decrease in investor confidence, resulting in a depreciation of the currency.
3. Balance of Trade
The balance of trade between Oman and Pakistan, which refers to the difference in value between their imports and exports, can affect the exchange rate. If Oman imports more from Pakistan than it exports, it can create a higher demand for PKR, leading to an appreciation of the currency.
It’s important to note that exchange rates are subject to fluctuations and can change daily. It’s advisable to check the latest rates before making any currency exchanges.