1 Dollar to PKR in 2010
Exchange Rate in 2010
In 2010, the exchange rate between the United States dollar (USD) and the Pakistani rupee (PKR) was quite volatile. The Pakistani economy was facing several challenges, including a struggling economy, political instability, and security concerns.
Average Exchange Rate in 2010
The average exchange rate in 2010 was around 1 USD = 84.50 PKR. This means that if you had $1 in 2010, you could exchange it for approximately 84.50 Pakistani rupees.
Highest and Lowest Exchange Rate in 2010
The highest exchange rate in 2010 was recorded in August, when 1 USD was equivalent to 88.50 PKR. On the other hand, the lowest exchange rate was recorded in March, when 1 USD was equivalent to 79.50 PKR.
Impact of Exchange Rate on Pakistani Economy
The exchange rate had a significant impact on the Pakistani economy in 2010. A weak rupee made imports more expensive, which led to higher prices of essential commodities like food and fuel. This had a direct impact on the inflation rate, which rose to 13.31% in 2010.
On the other hand, a weak rupee made Pakistani exports more competitive in the international market, which led to an increase in export earnings. This helped to narrow the trade deficit and improve the country's balance of payments.
Conclusion
In conclusion, the exchange rate in 2010 was marked by volatility, with the Pakistani rupee depreciating against the US dollar. The average exchange rate was around 84.50 PKR per USD, with the highest rate recorded in August and the lowest rate recorded in March. The exchange rate had a significant impact on the Pakistani economy, affecting inflation, trade, and exports.
