Is it a good time to invest Money in British Pound in Pakistan?

Note: All content on this page is just my personal opinion based on my personal experience with Forex business.

Remember that in Forex business, you are either gain profits or you can lose money.

A user added a comment in the news section: where I post [Update: I no longer update the news section] daily currency rates for Pakistani Rupee. The user asked if the current time is good for buying British pounds?

This user needed them in the month of August when he will be going to UK.

The user knew that the rate of British Pound is currently at Rs. 133. The user is for some reason going to UK and for this reason, he needs to buy British Pound.

Recent Currency History:

Just two to three weeks back, the rate of British Pound against Pak Rupee was at Rs. 116. Rate was between Rs. 110 to Rs. 118 for quite some time.

This was the time to invest money in BP: I personally invested at this time.

I bought BP at Rs. 113.50. It was a risk as the rate could go further down which would mean a loss in my investment.

However, I decided to invest my money. After few days, pound rate reached Rs. 118 and I sold them to get some profit.

What I Told To the User:

As British Pound was below Rs.120 just few days back, I gave a personal advice that he should wait for some time before buying British Pounds.

However, this is a risk and it is very much possible that British Pound rate can go further up instead of coming down.

Anyway, I don’t know if the user will listen to my advice or not.

So, Is It A Good Time To Invest Our Money In British Pound In Pakistan?

Like I said, this is my personal opinion and I am no Forex Expert.

When BP rate was around Rs. 115, then that was the time for investment.

Currently, BP is strong against dollar which is why in Pakistan: BP rate has reached approximately Rs. 135 just yesterday.

So if you are looking for a currency to invest your money in then BP is not a reasonable option right now as the rate is quite high.

Today, BP rate has dropped approximately Rs. 3 and the rate is now around Rs. 130.

My personal suggestion will be to wait for some time: invest your money when BP rate gets stable.