Canadian Dollar To Pakistani Rupee Exchange Rate Today
Introduction
The Canadian dollar is the official currency of Canada and is abbreviated as CAD. The Pakistani rupee is the official currency of Pakistan and is abbreviated as PKR. The exchange rate between the two currencies is an important aspect for those who are involved in trade and commerce between the two countries. In this article, we will discuss the exchange rate between the Canadian dollar and the Pakistani rupee as of today.
Current Exchange Rate
As of today, the exchange rate between the Canadian dollar and the Pakistani rupee is 1 CAD = 121.83 PKR. This means that if you want to convert 1 Canadian dollar to Pakistani rupee, you will get 121.83 Pakistani rupees in exchange.
Factors Affecting the Exchange Rate
There are several factors that influence the exchange rate between the Canadian dollar and the Pakistani rupee. These factors include:
- Economic conditions in Canada and Pakistan
- Political stability in both countries
- Trade relations between the two countries
- Interest rates set by the central banks of both countries
- Inflation rates in both countries
Historical Exchange Rates
The exchange rate between the Canadian dollar and the Pakistani rupee is not fixed and is subject to change over time. Here are the historical exchange rates between the two currencies:
- 2016: 1 CAD = 84.35 PKR
- 2017: 1 CAD = 82.25 PKR
- 2018: 1 CAD = 94.22 PKR
- 2019: 1 CAD = 101.89 PKR
- 2020: 1 CAD = 114.28 PKR
- 2021: 1 CAD = 121.83 PKR (as of today)
Impact on Trade and Commerce
The exchange rate between the Canadian dollar and the Pakistani rupee can have a significant impact on trade and commerce between the two countries. If the exchange rate is favorable for Canadian exporters, they can sell their products at a lower price in Pakistan and increase their market share. On the other hand, if the exchange rate is favorable for Pakistani exporters, they can sell their products at a higher price in Canada and increase their profits.
Conclusion
The exchange rate between the Canadian dollar and the Pakistani rupee is an important factor for those who are involved in trade and commerce between the two countries. While the exchange rate is subject to change over time, it is currently favorable for Canadian exporters. It is important to keep an eye on the exchange rate to make informed decisions about buying and selling products between the two countries.