How Much Was 1 USD to PKR in 1947-2024 – Full Chart of USD

The history of the exchange rate between the United States dollar (USD) and the Pakistani rupee (PKR) dates back to the formation of Pakistan in 1947. At the time of independence, the exchange rate between the USD and the PKR was fixed at 1 USD = 3.31 PKR. This rate was maintained by the newly formed State Bank of Pakistan, which was tasked with managing the country’s monetary policy and regulating the exchange rate.

In the early years of Pakistan’s independence, the country faced numerous economic challenges. The government relied heavily on foreign aid and loans to support its development projects and maintain its balance of payments. As a result, the PKR was devalued several times against the USD in the 1950s and 1960s. By 1966, the exchange rate had depreciated to 1 USD = 4.76 PKR.

In 1971, Pakistan faced a major crisis when the eastern wing of the country, which later became Bangladesh, declared independence. This led to a war with India, which severely impacted Pakistan’s economy. The government was forced to devalue the PKR again, and by 1972, the exchange rate had fallen to 1 USD = 9.90 PKR.

Throughout the 1970s and 1980s, the PKR continued to depreciate against the USD as the government struggled to manage the economy. In 1982, the exchange rate had fallen to 1 USD = 16.50 PKR. However, in the late 1980s, the government implemented economic reforms and liberalized the economy, which helped stabilize the exchange rate.

In the 1990s, Pakistan’s economy continued to face challenges, including high inflation and a growing fiscal deficit. As a result, the PKR has devalued again several times. By 1998, the exchange rate had fallen to 1 USD = 46.80 PKR.

In the early 2000s, Pakistan’s economy started to improve, and the PKR remained relatively stable against the USD. However, the global financial crisis of 2008 had a major impact on Pakistan’s economy, and the government was forced to devalue the PKR again. By 2009, the exchange rate had fallen to 1 USD = 83.50 PKR.

In recent years, the PKR has continued to depreciate against the USD due to a variety of factors, including political instability, high inflation, and a growing current account deficit. As of January 4, 2024, the exchange rate between the USD and the PKR is approximately 1 USD = 278.90 PKR.

You can also see the value of 1 USD to PKR From 1947 -2024 year by year.

1 USD to PKR from 1947 to 2024

• 1 USD to PKR in 1947: 1 USD=3.31 PKR.
• 1948 1 USD=3.31 PKR.
• 1949 1 USD=3.31 PKR.
• 1950 1 USD=3.31 PKR.
• 1951 1 USD=3.31 PKR.
• 1952 1 USD=3.31 PKR.
• 1953 1 USD=3.31 PKR.
• 1954 1 USD=3.31 PKR.
• 1955 1 USD=3.91 PKR.
• 1956 1 USD=4.76 PKR.
• 1957 1 USD=4.76 PKR.
• 1958 1 USD=4.76 PKR.
• 1959 1 USD=4.76 PKR.
• 1960 1 USD=4.76 PKR.

History of USD to PKR from 1961 to 1970

• 1961 1 USD=4.76 PKR.
• 1962 1 USD=4.76 PKR.
• 1961 1 USD=4.76 PKR.
• 1962 1 USD=4.76 PKR.
• 1963 1 USD=4.76 PKR.
• 1964 1 USD=4.76 PKR.
• 1965 1 USD=4.76 PKR.
• 1966 1 USD=4.76 PKR.
• 1967 1 USD=4.76 PKR.
• 1968 1 USD=4.76 PKR.
• 1969 1 USD=4.76 PKR.
• 1970 1 USD=4.76 PKR.

USD to PKR History from 1971 to 1980

• 1971 1 USD=4.76 PKR.
• 1972 1 USD=11.01 PKR.
• 1973 1 USD=9.99 PKR.
• 1974 1 USD=9.99 PKR.
• 1975 1 USD=9.99 PKR.
• 1976 1 USD=9.99 PKR.
• 1977 1 USD=9.99 PKR.
• 1978 1 USD=9.99 PKR.
• 1979 1 USD=9.99 PKR.
• 1980 1 USD=9.99 PKR.

History of USD to PKR from 1981 to 1990

• 1981 1 USD=9.99 PKR.
• 1982 1 USD=11.85 PKR.
• 1983 1 USD=13.12 PKR.
• 1984 1 USD=14.05 PKR.
• 1985 1 USD=15.93 PKR.
• 1986 1 USD=16.65 PKR.
• 1987 1 USD=17.4 PKR.
• 1988 1 USD=18 PKR.
• 1989 1 USD=20.54 PKR.
• 1990 1 USD=21.71 PKR.

USD to PKR History from 1991 to 2000

• 1991 1 USD=23.8 PKR.
• 1992 1 USD=25.08 PKR.
• 1993 1 USD=28.11 PKR.
• 1994 1 USD=30.57 PKR.
• 1995 1 USD=31.64 PKR.
• 1996 1 USD=36.08 PKR.
• 1997 1 USD=41.11 PKR.
• 1998 1 USD=45.05 PKR.
• 1999 1 USD=51.90 PKR.
• 2000 1 USD=51.90 PKR.

History of USD to PKR from 2001 to 2010

• 2001 1 USD=63.5 PKR.
• 2002 1 USD=60.5 PKR.
• 2003 1 USD=57.75 PKR.
• 2004 1 USD=57.8 PKR.
• 2005 1 USD=59.7 PKR.
• 2006 1 USD=60.4 PKR.
• 2007 1 USD=60.83 PKR.
• 2008 1 USD=81.1 PKR.
• 2009 1 USD=84.1 PKR.
• 2010 1 USD=85.75 PKR.

USD to PKR History from 2011 to 2020

• 2011 1 USD=88.6 PKR.
• 2012 1 USD=96.5 PKR.
• 2013 1 USD=107.2 PKR.
• 2014 1 USD=103 PKR.
• 2015 1 USD=105.20 PKR.
• 2016 1 USD=104.6 PKR.
• 2017 1 USD=110.01 PKR.
• 2018 1 USD=121.73 PKR. (June)
• 2019 1 USD=163.75 PKR.
• 2020 1 USD=168.88 PKR.

History of USD to PKR from 2021 to 2024

• 2021 1 USD=179.16 PKR.
• 2022 1 USD=223 PKR (Sept)
• 2022 1 USD=226.59 PKR (Dec)
• 2023 1 USD=278.90 PKR (4th March)
• 2024 1 USD=281.72 (4th January)

The USD to PKR exchange rate embodies a rich tapestry of economic, geopolitical, and global factors that have shaped the financial landscape from 1947 to 2024. This historical journey unveils the intricate dance between two currencies, the US Dollar (USD) and the Pakistani Rupee (PKR), reflecting the ebb and flow of economies, policies, and global influences.

Examining this comprehensive timeline reveals a saga of resilience, adaptation, and transformation. From the stable post-independence era to the tumultuous periods marked by political upheavals and economic reforms, the exchange rate fluctuations mirror the dynamic nature of international finance.

Beyond the numerical values lies a narrative of interwoven elements—economic policies, geopolitical shifts, trade imbalances, inflation rates, and global market dynamics—each playing a pivotal role in determining the valuation of currencies. These nuanced interactions underscore the complexities inherent in currency evaluations, impacting trade, investments, and economic stability.

In essence, the historical trajectory of the USD to PKR exchange rate encapsulates not just numbers but the collective impact of human decisions, global events, and economic paradigms. It serves as a testament to the resilience and adaptability of economies in navigating through challenges, embracing change, and striving for stability in an ever-evolving financial ecosystem.

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Factors Influencing the Value of the US Dollar in Pakistani Rupees

In the intricate web of global economics, the value exchange between currencies like the US Dollar (USD) and the Pakistani Rupee (PKR) is a nexus of numerous factors. These facets are diverse, interconnected, and often volatile, painting a complex portrait of the currency valuation dynamics.

Macroeconomic Forces and Policies

Monetary Policies

The monetary policies implemented by central banks wield considerable influence on currency values. For the USD-PKR exchange rate, decisions taken by the Federal Reserve and the State Bank of Pakistan are pivotal. Alterations in interest rates, money supply, and quantitative easing can trigger fluctuations in these currencies.

Economic Performance

The economic health of both the United States and Pakistan plays a pivotal role. Indicators such as GDP growth, employment rates, trade balances, and inflationary pressures profoundly impact the valuation of their respective currencies. Strong economic performance tends to bolster a currency’s worth.

Political Stability

Political stability in a country is a cornerstone for maintaining a robust currency value. Uncertainty, political unrest, or policy changes can create ripples in the foreign exchange market, affecting the USD-PKR exchange rate.

Trade Relations and Balance

Trade Imbalances

The trade balance between the US and Pakistan, characterized by the disparity in imports and exports, significantly influences currency values. A trade deficit for one country against another can impact the exchange rate, affecting the value of the respective currencies.

Export and Import Dynamics

The volume and nature of exports and imports between the two nations affect the value of their currencies. Commodities, technological goods, and services traded between the US and Pakistan contribute to the valuation of the USD against the PKR.

Global Market Trends

Oil Prices

Given the significance of oil in global markets, fluctuations in oil prices can sway the value of currencies like the US Dollar, which is considered a petrocurrency. Pakistan’s oil import needs further accentuate the impact of oil price shifts on the PKR.

Geopolitical Events

Geopolitical occurrences, such as conflicts, treaties, or alliances, hold immense sway over currency values. These events often trigger market sentiments and investor behaviors, influencing the USD-PKR exchange rate.

Speculative Market Activities

Investor Sentiment

The foreign exchange market is also greatly influenced by the sentiments and actions of investors. Speculative activities, investment flows, and global market perceptions contribute significantly to the volatility and value of currencies.

Market Speculation

Currency speculation, driven by various financial instruments and strategies, can cause abrupt fluctuations in exchange rates. These fluctuations can impact the value of the US Dollar concerning the Pakistani Rupee.

The valuation of the US Dollar against the Pakistani Rupee is a multifaceted interplay of macroeconomic indicators, trade relations, global market trends, and speculative activities. This intricate dance of economic forces defines the ever-evolving exchange rate between these two currencies.

Understanding these diverse factors empowers individuals and businesses to navigate the volatility of currency valuations and make informed decisions.