1 Cent Currency Rate in Pakistan
Introduction
The Pakistani rupee (PKR) is the official currency of Pakistan, and it is divided into 100 smaller units called paisa. However, with the devaluation of the Pakistani rupee over the years, the value of 1 cent in Pakistan has become a subject of interest. In this article, we will explore the current exchange rate of 1 cent in Pakistan and its equivalent value in Pakistani rupees.
Current Exchange Rate
As of the current date, the exchange rate of 1 USD (United States Dollar) is approximately 157 PKR (Pakistani Rupees). Therefore, the value of 1 cent in Pakistan can be calculated as follows:
1 cent = 0.01 USD 1 USD = 157 PKR 1 cent = 0.01 USD * 157 PKR = 1.57 PKR
So, the current exchange rate of 1 cent in Pakistan is approximately 1.57 Pakistani rupees.
Historical Value of 1 Cent in Pakistan
The value of 1 cent in Pakistan has fluctuated over the years due to changes in the exchange rate of the Pakistani rupee against the US dollar. In the past, the value of 1 cent was much higher than it is today. For example:
- In 2010, 1 USD was equivalent to 85 PKR, making 1 cent equal to approximately 0.85 PKR.
- In 2015, 1 USD was equivalent to 101 PKR, making 1 cent equal to approximately 1.01 PKR.
- In 2020, 1 USD was equivalent to 145 PKR, making 1 cent equal to approximately 1.45 PKR.
As you can see, the value of 1 cent in Pakistan has decreased significantly over the years due to the devaluation of the Pakistani rupee.
Conclusion
In conclusion, the current exchange rate of 1 cent in Pakistan is approximately 1.57 Pakistani rupees. The value of 1 cent has fluctuated over the years due to changes in the exchange rate of the Pakistani rupee against the US dollar. While the value of 1 cent may seem insignificant, it is still an important factor to consider when conducting international transactions or traveling abroad.
