1 Dollar Price in PKR: An Overview
Introduction
The United States dollar (USD) is one of the most widely traded and widely held currencies in the world. The Pakistani rupee (PKR) is the official currency of Pakistan. In this article, we will discuss the current and historical exchange rates of 1 USD in PKR.
Current Exchange Rate
As of the current date, the exchange rate of 1 USD is approximately 160 PKR. This rate is subject to change and may fluctuate based on various economic and political factors.
Historical Exchange Rate
The exchange rate of 1 USD in PKR has gone through significant changes over the years. In the 1980s, the exchange rate was around 10-15 PKR per USD. In the 1990s, it increased to around 20-30 PKR per USD. In the 2000s, it further increased to around 50-60 PKR per USD. Since then, the exchange rate has continued to fluctuate, reaching an all-time high of over 160 PKR per USD in recent years.
Factors Affecting Exchange Rate
Several factors can affect the exchange rate of 1 USD in PKR, including:
- Supply and Demand: The demand for USD in Pakistan can drive up the exchange rate, while an increase in the supply of USD can drive it down.
- Economic Indicators: Economic indicators such as GDP growth rate, inflation rate, and interest rate can affect the exchange rate.
- Political Instability: Political instability in Pakistan can lead to a decrease in the value of PKR, causing the exchange rate to increase.
- Global Economic Trends: Global economic trends, such as changes in oil prices, can also affect the exchange rate.
Conclusion
The exchange rate of 1 USD in PKR is an important indicator of the health of the Pakistani economy. Understanding the current and historical exchange rates can help investors, traders, and individuals make informed decisions about their financial transactions. However, it is essential to keep in mind that the exchange rate can fluctuate rapidly and is affected by various factors.
