1 Canadian Dollar into Pakistani Rupees
Are you planning a trip to Pakistan from Canada or need to send money to a loved one in Pakistan? Understanding the current exchange rate is crucial to ensure you get the best deal. In this article, we will explore the current exchange rate of 1 Canadian Dollar (CAD) into Pakistani Rupees (PKR).
Current Exchange Rate
As of [current date], the exchange rate of 1 Canadian Dollar (CAD) is approximately:
1 CAD = 120.50 PKR
This exchange rate may vary depending on the current market conditions and other economic factors. We recommend checking with a reliable currency exchange service or a bank for the most up-to-date rates.
History of Exchange Rates
Over the past few years, the exchange rate between CAD and PKR has fluctuated significantly. Here is a brief history of the exchange rates:
| Date | 1 CAD = PKR |
|---|---|
| 2018 | 105.50 |
| 2019 | 110.20 |
| 2020 | 115.80 |
| 2021 | 120.50 |
As you can see, the Pakistani Rupee has devalued against the Canadian Dollar over the past few years, making it a good time to exchange your CAD for PKR.
Factors Affecting Exchange Rates
Several factors can influence the exchange rate between CAD and PKR, including:
- Economic Conditions: The state of the economy, inflation, and interest rates can impact the exchange rate.
- Political Events: Political instability, trade agreements, and geopolitics can affect the exchange rate.
- Supply and Demand: The demand for foreign currencies, trade balances, and government interventions can influence the exchange rate.
- Commodity Prices: Changes in commodity prices, such as oil, can impact the exchange rate.
Conclusion
In conclusion, the current exchange rate of 1 Canadian Dollar into Pakistani Rupees is approximately 120.50 PKR. Understanding the exchange rate is essential for those planning to travel or conduct business between Canada and Pakistan. Keep an eye on the exchange rates and stay informed about economic and political events to get the best deal.
Disclaimer
The exchange rate mentioned in this article is subject to change and may not be accurate at the time of reading. We recommend checking with a reliable currency exchange service or a bank for the most up-to-date rates.
