1 Dollar in Pakistan Rupees 2024
Current Exchange Rate
As of 2024, the current exchange rate of 1 US Dollar (USD) in Pakistani Rupees (PKR) is:
1 USD = 230-240 PKR
Please note that the exchange rate may fluctuate constantly due to market conditions and other economic factors.
History of Exchange Rate
To give you an idea of how the exchange rate has changed over time, here is a brief history:
- In 2020, the exchange rate was around 1 USD = 154-164 PKR
- In 2022, the exchange rate was around 1 USD = 180-190 PKR
- In 2023, the exchange rate was around 1 USD = 200-210 PKR
- In 2024, the exchange rate is around 1 USD = 230-240 PKR
As you can see, the Pakistani Rupee has been depreciating against the US Dollar over the years, which means that the value of PKR has decreased compared to USD.
Factors Affecting Exchange Rate
Several factors can influence the exchange rate between USD and PKR, including:
- Economic indicators: GDP growth rate, inflation rate, and interest rates in both countries
- Political stability: Political unrest or stability in Pakistan can impact the exchange rate
- Trade balance: Pakistan's trade deficit or surplus with the US and other countries
- Foreign investment: Inflows or outflows of foreign investment in Pakistan
- Global events: Global economic trends, wars, or natural disasters can affect the exchange rate
Impact on Economy
The exchange rate has a significant impact on Pakistan's economy, including:
- Inflation: A weaker PKR can lead to higher imports costs, resulting in higher inflation
- Trade: A weaker PKR can make Pakistani exports more competitive, but it can also increase the cost of imports
- Foreign investment: A stable exchange rate can attract more foreign investment in Pakistan
- Remittances: A weaker PKR can lead to higher remittances from overseas Pakistanis
Conclusion
The exchange rate of 1 USD in Pakistani Rupees is constantly changing. It is essential for individuals and businesses to stay updated with the current exchange rate to make informed decisions. The exchange rate can have a significant impact on Pakistan's economy, trade, and inflation.
