1 Dollar in Pakistan Rupees Today
Current Exchange Rate
As of today, the exchange rate of 1 US Dollar (USD) to Pakistani Rupees (PKR) is:
1 USD = 157.50 PKR
This exchange rate is subject to fluctuation and may change rapidly due to various economic and political factors.
Historical Exchange Rate
Over the past few years, the exchange rate of USD to PKR has shown significant volatility. Here's a brief historical overview:
- In 2018, the exchange rate was around 1 USD = 115 PKR
- In 2019, it depreciated to 1 USD = 140 PKR
- In 2020, it further depreciated to 1 USD = 150 PKR
- In 2022, it reached an all-time high of 1 USD = 170 PKR before settling at the current rate of 157.50 PKR
Factors Affecting the Exchange Rate
Several factors contribute to the fluctuation in the exchange rate, including:
- Economic indicators: Inflation rate, GDP growth, and interest rates in both the US and Pakistan
- Political stability: Political unrest, elections, and government policies can impact the exchange rate
- Trade balance: Pakistan's trade deficit and balance of payments can affect the value of PKR
- International events: Global economic trends, wars, and natural disasters can influence the exchange rate
Implications of the Exchange Rate
The exchange rate has significant implications for various stakeholders, including:
- Importers and exporters: A higher exchange rate can make imports more expensive and exports cheaper
- Investors: A stable exchange rate can attract foreign investment, while a volatile rate can deter it
- Tourists: A favorable exchange rate can make Pakistan a more attractive tourist destination
- Remitters: A higher exchange rate can benefit individuals receiving remittances from abroad
Conclusion
The exchange rate of 1 USD to PKR is a critical indicator of Pakistan's economic health and has far-reaching implications for various stakeholders. Keeping track of the current exchange rate and understanding the factors that influence it can help individuals and businesses make informed decisions.
