1 Dollar Rate in Pakistani Rupees
Introduction
The Pakistani rupee (PKR) is the official currency of Pakistan, and it is widely used in the country for various transactions. The US dollar (USD) is one of the most widely traded currencies in the world, and its exchange rate with the Pakistani rupee is an important indicator of the country's economic health. In this article, we will discuss the current and historical exchange rates of 1 USD in PKR.
Current Exchange Rate
As of [current date], the exchange rate of 1 USD in PKR is:
1 USD = 157.50 PKR
This exchange rate is subject to change constantly due to various economic and political factors. You can check the latest exchange rate on various online platforms or currency exchange websites.
Historical Exchange Rate
The exchange rate of 1 USD in PKR has fluctuated over the years. Here is a brief overview of the historical exchange rates:
- 2010: 1 USD = 85.50 PKR
- 2015: 1 USD = 102.50 PKR
- 2018: 1 USD = 140.50 PKR
- 2020: 1 USD = 155.50 PKR
As you can see, the exchange rate has been increasing over the years, which means that the value of the Pakistani rupee has been depreciating against the US dollar.
Factors Affecting the Exchange Rate
The exchange rate of 1 USD in PKR is affected by various factors, including:
- Inflation rate: The inflation rate in Pakistan affects the value of the rupee. A high inflation rate leads to a depreciation of the rupee against the US dollar.
- Interest rates: The interest rates in Pakistan and the US also affect the exchange rate. Higher interest rates in the US make the dollar more attractive to investors, leading to an appreciation of the dollar against the rupee.
- Trade balance: Pakistan's trade balance with the US also affects the exchange rate. A trade deficit in Pakistan leads to a depreciation of the rupee against the US dollar.
- Political stability: Political stability in Pakistan also affects the exchange rate. Political instability leads to a depreciation of the rupee against the US dollar.
Conclusion
In conclusion, the exchange rate of 1 USD in PKR is an important indicator of Pakistan's economic health. The current exchange rate is around 157.50 PKR, but it is subject to change constantly due to various economic and political factors. Understanding the factors that affect the exchange rate is essential for investors, traders, and individuals who need to convert their currencies.
