Current Exchange Rate Of Dollar To Pakistani Rupee
The exchange rate of the dollar to the Pakistani rupee is an important economic indicator for both countries. Pakistan has a population of over 200 million people and relies heavily on imports and exports to sustain its economy. The US dollar is the most commonly used currency in international trade, so fluctuations in its value can have a significant impact on Pakistan's economy.
What is the current exchange rate of dollar to Pakistani rupee?
As of September 2021, the current exchange rate of the dollar to Pakistani rupee is approximately 1 USD to 169 PKR. This means that if you were to exchange one US dollar, you would receive approximately 169 Pakistani rupees in return.
Factors affecting the exchange rate of dollar to Pakistani rupee
The exchange rate of the dollar to Pakistani rupee is influenced by a variety of factors. Some of the most important factors include:
- Political stability: Political instability can lead to a decrease in investor confidence, which can cause the exchange rate to drop.
- Economic performance: A country's economic performance can affect the exchange rate. If the economy is performing well, investors may be more likely to invest in the country, which can lead to an increase in the exchange rate.
- Inflation: High levels of inflation can cause the value of a currency to decrease, which can lead to a drop in the exchange rate.
- Interest rates: Higher interest rates can make a country's currency more attractive to investors, which can lead to an increase in the exchange rate.
- International trade: The balance of trade between two countries can affect the exchange rate. If a country is exporting more than it is importing, this can lead to an increase in the value of its currency.
Historical exchange rates of dollar to Pakistani rupee
The exchange rate of the dollar to Pakistani rupee has fluctuated over time. In the past decade, the exchange rate has ranged from a low of approximately 95 Pakistani rupees to a US dollar in 2013 to a high of approximately 170 Pakistani rupees to a US dollar in 2020.
Impact of exchange rate on Pakistan's economy
The exchange rate of the dollar to Pakistani rupee can have a significant impact on Pakistan's economy. A decrease in the exchange rate can make imports more expensive, which can lead to inflation and reduced purchasing power for consumers. On the other hand, an increase in the exchange rate can make exports more expensive, which can lead to a decrease in demand for Pakistani goods and services.
Conclusion
The exchange rate of the dollar to Pakistani rupee is an important economic indicator for both countries. It is influenced by a variety of factors, including political stability, economic performance, inflation, interest rates, and international trade. The exchange rate has fluctuated over time and can have a significant impact on Pakistan's economy. As of September 2021, the current exchange rate of the dollar to Pakistani rupee is approximately 1 USD to 169 PKR.