Once upon a time in 1947, 1 USD was worth a significant amount of Pakistani Rupees. As the decades passed, the value fluctuated dramatically. This article takes you on a historical journey from 1947 to 2018, showing the evolution of the exchange rate between USD and PKR.
Back in 1947, after the partition of India, the exchange rate was set at 1 USD to 1.75 PKR. This was a time when Pakistan was a young nation, struggling to establish its economic identity. The currency was strong, reflecting the country\“s stability and growth.
However, as the years went by, the economic landscape changed. By 1950, the exchange rate had dropped to 1 USD to 1.65 PKR. This downward trend continued, reaching 1 USD to 5.5 PKR by 1960. It was a period of economic hardship for Pakistan, with rising inflation and a struggling agricultural sector.
The 1970s saw further depreciation, with the exchange rate hitting 1 USD to 14.5 PKR by 1975. It was a turbulent time, with political instability and a reliance on foreign aid. The 1980s were no different, with the exchange rate reaching 1 USD to 24 PKR by 1985.
By 1990, Pakistan was facing severe economic challenges, and the exchange rate had reached 1 USD to 28 PKR. The situation improved slightly in the 2000s, with the exchange rate stabilizing at around 1 USD to 60 PKR. However, it was not until the early 2010s that the exchange rate started to stabilize further, reaching 1 USD to 100 PKR by 2018. |
