In 1947, the world was undergoing significant changes, and the Indian subcontinent was no exception. This was the year of Pakistan\“s independence from British rule, and the country began its journey towards economic stability. One such indicator of this change was the exchange rate of the Pakistani Rupee （PKR） against the US Dollar （USD）.
Back in 1947, 1 USD was equivalent to 7.6 PKR. This was a time when the Indian rupee was used in both India and Pakistan, and the exchange rate reflected the economic situation of the newly formed nations.
As years passed, the economy of Pakistan evolved, and so did the exchange rate. In 2023, the current exchange rate stands at 1 USD being equivalent to 170 PKR. This significant increase in the value of the PKR against the USD over the years reflects Pakistan\“s economic growth and stability. |
