1 Dollar in Pakistan Rupee: Exchange Rate and Conversion
The exchange rate between the US dollar and the Pakistani rupee is constantly fluctuating, making it essential to stay updated on the current conversion rate. In this article, we will provide you with the latest information on the exchange rate and conversion of 1 dollar to Pakistani rupee.
Current Exchange Rate
As of [current date], the exchange rate is:
1 USD = PKR [current exchange rate]
Please note that the exchange rate may vary depending on the current market conditions and economic factors.
History of Exchange Rate
The exchange rate between the US dollar and the Pakistani rupee has been relatively stable over the past few years. However, there have been some fluctuations due to various economic factors such as inflation, trade balances, and political instability.
Here is a brief overview of the exchange rate over the past few years:
| Year | Exchange Rate (1 USD = PKR) |
|---|---|
| 2020 | 155-160 |
| 2019 | 140-145 |
| 2018 | 120-125 |
| 2017 | 105-110 |
Factors Affecting Exchange Rate
Several factors can influence the exchange rate between the US dollar and the Pakistani rupee, including:
- Inflation: Higher inflation rates in Pakistan can lead to a depreciation of the rupee against the US dollar.
- Trade Balance: A trade deficit can lead to a decrease in the value of the rupee, while a trade surplus can increase its value.
- Political Stability: Political instability in Pakistan can lead to a decrease in investor confidence, resulting in a depreciation of the rupee.
- Global Economic Conditions: Changes in global economic conditions, such as interest rates and commodity prices, can affect the exchange rate.
Conversion of 1 Dollar to Pakistani Rupee
To convert 1 US dollar to Pakistani rupee, you can use the following formula:
PKR = USD x Exchange Rate
For example, if the exchange rate is 1 USD = PKR 160, then:
PKR = 1 USD x 160 = PKR 160
Conclusion
In conclusion, the exchange rate between the US dollar and the Pakistani rupee is subject to fluctuations due to various economic factors. It is essential to stay updated on the current exchange rate to make informed decisions when converting currencies. By understanding the factors that affect the exchange rate, you can better navigate the complexities of currency conversion.
