1 Dollar in Pakistani Rupees 2024
Current Exchange Rate:
As of 2024, the current exchange rate of 1 US Dollar (USD) in Pakistani Rupees (PKR) is:
1 USD = 220-230 PKR
Please note that the exchange rate may fluctuate constantly and this rate may not be valid at the time of reading. For the most up-to-date and accurate exchange rate, please check with a reliable currency exchange service or website.
Historical Exchange Rate:
To give you a better idea of the exchange rate trend, here is a brief history of the exchange rate of 1 USD in PKR over the past few years:
- 2023: 1 USD = 200-210 PKR
- 2022: 1 USD = 180-190 PKR
- 2021: 1 USD = 160-170 PKR
- 2020: 1 USD = 140-150 PKR
As you can see, the exchange rate has been increasing over the years, which means the value of the Pakistani Rupee has been decreasing against the US Dollar.
Factors Affecting Exchange Rate:
Several factors can affect the exchange rate of 1 USD in PKR, including:
- Economic indicators: Inflation rate, interest rate, and GDP growth rate can influence the exchange rate.
- Political stability: Political uncertainty and instability can lead to a decrease in the value of the Pakistani Rupee.
- Trade balance: A trade deficit can cause a decrease in the value of the Pakistani Rupee, while a trade surplus can increase its value.
- Global events: Global economic events, such as a recession or a pandemic, can affect the exchange rate.
Importance of Exchange Rate:
The exchange rate plays a crucial role in international trade and investment. It affects the prices of imported goods, the cost of travel, and the value of investments. A stable and favorable exchange rate can boost the economy, while a volatile or unfavorable exchange rate can lead to economic instability.
Conclusion:
In conclusion, the exchange rate of 1 USD in PKR is a critical indicator of the Pakistani economy's health. Keeping track of the exchange rate can help individuals and businesses make informed decisions about investments, trade, and travel. Remember to check the current exchange rate before making any transactions to ensure you get the best deal.
