Large Pakistani communities live in Italy, Spain, Greece, Germany and France, and many students head to European universities. Exporters of textiles, rice and sports goods also invoice in euros. All of them watch the euro to rupee rate. This guide explains what moves EUR to PKR and how to convert correctly with our EUR to PKR converter.
Which countries use the euro?
Twenty European Union countries use the euro, including Germany, France, Italy, Spain, Portugal, Greece, the Netherlands, Belgium, Austria and Ireland. Some EU members, such as Poland, Sweden and Denmark, keep their own currencies.
What moves EUR to PKR
- European Central Bank interest rate decisions
- Eurozone growth and inflation
- Pakistan’s economy: trade balance, reserves and remittances
- The dollar: EUR/PKR ≈ EUR/USD × USD/PKR
Converting
Rupees = euros × EUR/PKR rate
Euros = rupees ÷ EUR/PKR rate
€800 at Rs 320 = Rs 256,000. Check the live rate in the converter.
Remittances from Europe
Compare banks and licensed money transfer operators by the total rupees received. Fees, rates and delivery time vary. Some services are faster but use weaker rates.
Exporters
If you invoice in euros, the rupee value of your payment depends on the rate when it arrives. Ask your bank about holding euros in a foreign currency account or converting at the best time. Prepare invoices with the Invoice Generator.
Travelling or studying in Europe
Schengen visa fees, insurance and proof of funds are often quoted in euros. Convert them to plan your rupee budget, and leave a margin for rate changes. Read planning a Schengen visa budget in euros.
Euro vs pound vs dollar
| Currency | Used in | Pegged? |
|---|---|---|
| Euro | 20 EU countries | Floats |
| Pound | United Kingdom | Floats |
| US dollar | United States and dollarised economies | Floats |
For the pound, see GBP to PKR.
Frequently asked questions
How do I convert euros to rupees?
Multiply the euro amount by the current EUR/PKR rate.
Which countries use the euro?
Twenty EU countries, including Germany, France, Italy and Spain.
Why does the euro rate change?
Because of European and Pakistani economic news and the dollar’s movements.