1 USD to Pakistani Rupee (PKR): Exchange Rate and More
The exchange rate between the US Dollar (USD) and the Pakistani Rupee (PKR) is an important indicator of the economic relationship between the two countries. In this article, we will explore the current exchange rate, historical trends, and factors that affect the exchange rate.
Current Exchange Rate
As of [current date], the exchange rate is:
1 USD = 158.50 PKR
This rate may fluctuate constantly due to market forces and economic indicators. You can check the latest exchange rate on reliable currency exchange websites or apps.
Historical Trends
The exchange rate between USD and PKR has been volatile over the years. Here's a brief overview:
- In 2018, the PKR experienced a sharp decline, leading to a high of 1 USD = 144 PKR.
- In 2020, the PKR appreciated, and the exchange rate fell to 1 USD = 124 PKR.
- Since then, the PKR has continued to depreciate, leading to the current rate.
Factors Affecting the Exchange Rate
Several factors influence the exchange rate between USD and PKR, including:
- Economic indicators: GDP growth, inflation, and interest rates in both countries affect the exchange rate.
- Political stability: Political uncertainty in Pakistan can lead to a depreciation of the PKR.
- Trade balance: Pakistan's trade deficit with the US can also impact the exchange rate.
- Global events: Geopolitical tensions, oil prices, and global economic trends can influence the exchange rate.
Impact on the Pakistani Economy
The exchange rate has significant implications for the Pakistani economy:
- Imports and exports: A depreciating PKR makes imports more expensive, which can lead to higher inflation. On the other hand, a depreciating PKR can also make Pakistani exports cheaper and more competitive.
- Remittances: A stable exchange rate can attract more remittances from Pakistani workers abroad.
- Investment: A stable exchange rate can also attract more foreign investment in Pakistan.
In conclusion, the exchange rate between USD and PKR is a critical indicator of the economic relationship between the two countries. Understanding the factors that influence the exchange rate can help policymakers and businesses make informed decisions.
