1 Hong Kong Dollar in Pakistani Rupees
Currency Conversion
The Hong Kong dollar (HKD) is the official currency of Hong Kong, a special administrative region of China. On the other hand, the Pakistani rupee (PKR) is the official currency of Pakistan. If you're planning to travel or conduct business between these two regions, it's essential to know the current exchange rate between the two currencies.
Current Exchange Rate
As of the current date, the exchange rate between 1 Hong Kong dollar and Pakistani rupees is:
1 HKD = 22.50 PKR
Please note that exchange rates can fluctuate frequently due to various economic factors, so it's essential to check the current rate before making any transactions.
History of the Exchange Rate
The exchange rate between the Hong Kong dollar and Pakistani rupee has experienced significant fluctuations over the years. In the past decade, the highest exchange rate was around 25 PKR per 1 HKD, while the lowest was around 18 PKR per 1 HKD.
Factors Affecting the Exchange Rate
Several factors can influence the exchange rate between the Hong Kong dollar and Pakistani rupee, including:
- Economic indicators: Inflation rates, GDP growth, and interest rates in both Hong Kong and Pakistan can impact the exchange rate.
- Political stability: Political instability in either country can lead to a decrease in the value of its currency.
- Trade relationships: The balance of trade between Hong Kong and Pakistan can also affect the exchange rate.
- Global events: Global economic trends, such as the COVID-19 pandemic, can influence the exchange rate.
Conclusion
In conclusion, the exchange rate between 1 Hong Kong dollar and Pakistani rupees is subject to frequent changes. It's essential to stay updated with the current exchange rate to make informed decisions when conducting transactions between these two currencies.
