1 Cent Price in Pakistani Rupees
Understanding the Value of 1 Cent in Pakistani Rupees
The United States cent is a unit of currency that is equal to one-hundredth of a United States dollar. While it may not be a commonly used denomination in international trade, it's essential to know its equivalent value in other currencies, especially for individuals who engage in global transactions or travel frequently. In this article, we'll explore the value of 1 cent in Pakistani rupees.
Current Exchange Rate
As of the current date, the exchange rate between the US dollar and the Pakistani rupee is:
1 USD = 157.50 PKR (Pakistani Rupees)
Using this exchange rate, we can calculate the value of 1 cent in Pakistani rupees as follows:
1 cent = 0.01 USD
To find the equivalent value in Pakistani rupees, multiply the value in USD by the exchange rate:
0.01 USD × 157.50 PKR/USD = 1.575 PKR
So, 1 cent is approximately equal to 1.575 Pakistani rupees.
Historical Exchange Rate
To give you a better understanding of how the value of 1 cent in Pakistani rupees has fluctuated over time, here's a brief overview of the historical exchange rate:
| Year | Exchange Rate (USD/PKR) | 1 Cent Value in PKR |
|---|---|---|
| 2020 | 155.50 | 1.555 PKR |
| 2019 | 154.20 | 1.542 PKR |
| 2018 | 138.50 | 1.385 PKR |
| 2017 | 104.80 | 1.048 PKR |
| 2016 | 104.20 | 1.042 PKR |
As you can see, the value of 1 cent in Pakistani rupees has increased over the years, mainly due to changes in the exchange rate.
Conclusion
In conclusion, 1 cent is equivalent to approximately 1.575 Pakistani rupees, based on the current exchange rate. This information is essential for individuals who engage in international transactions, travel, or conduct business with Pakistani counterparts. Keep in mind that exchange rates can fluctuate, so it's always a good idea to check the current rates before making any transactions.
