1 Dollar Price in Pakistan
Current Exchange Rate
As of the current date, the exchange rate of 1 US dollar (USD) in Pakistan is approximately:
PKR 157.50
This rate may fluctuate depending on various economic factors, including inflation, interest rates, and global market trends.
Historical Exchange Rate
Here's a brief overview of the 1 USD to PKR exchange rate over the past few years:
- 2020: PKR 155.50 - PKR 165.50
- 2019: PKR 140.50 - PKR 155.50
- 2018: PKR 115.50 - PKR 140.50
- 2017: PKR 105.50 - PKR 115.50
As you can see, the exchange rate has been steadily increasing over the years, with some fluctuations.
Factors Affecting Exchange Rate
Several factors can influence the exchange rate of 1 USD to PKR, including:
Inflation Rate
A high inflation rate in Pakistan can lead to a depreciation of the Pakistani rupee, causing the exchange rate to increase.
Interest Rates
Changes in interest rates by the State Bank of Pakistan can also impact the exchange rate.
Global Economic Trends
Global events, such as trade wars, economic recessions, and political instability, can affect the value of the US dollar and subsequently the exchange rate.
Trade Balance
Pakistan's trade balance, including exports and imports, can influence the exchange rate.
Conclusion
The 1 USD to PKR exchange rate is an important indicator of Pakistan's economic health. Understanding the factors that affect the exchange rate can help individuals and businesses make informed decisions about investments, trade, and financial transactions.
