Current Rate Of Us Dollar In Pakistani Rupees
As of today, the current rate of the US dollar in Pakistani rupees is approximately 162.50 PKR. This means that for every US dollar, you can get around 162.50 Pakistani rupees.
Factors Affecting the Exchange Rate
The exchange rate of any currency is affected by various factors. In the case of the US dollar and Pakistani rupee, the following factors may affect the exchange rate:
- Economic Stability: The economic stability of a country can have a significant impact on its currency. If a country's economy is stable and growing, its currency value usually increases. On the other hand, if a country's economy is struggling, its currency value may decrease.
- Interest Rates: The interest rates set by a country's central bank can also affect its currency value. If a country's central bank raises interest rates, it can make the currency more attractive to foreign investors, which can increase its value.
- Political Stability: Political instability can also affect a country's currency value. If there is political unrest or uncertainty, it can lead to a decrease in the currency value.
Historical Exchange Rate
The exchange rate between the US dollar and Pakistani rupee has fluctuated over time. In 2019, the exchange rate was around 139 PKR for 1 USD. In 2020, it increased to around 159 PKR for 1 USD. Currently, in 2021, it is around 162.50 PKR for 1 USD.
Impact on Imports and Exports
The exchange rate can have a significant impact on a country's imports and exports. If the Pakistani rupee is weak compared to the US dollar, it can make imports more expensive and exports cheaper. On the other hand, if the Pakistani rupee is strong compared to the US dollar, it can make imports cheaper and exports more expensive.
For example, if the exchange rate is 1 USD = 162.50 PKR and a Pakistani business wants to import goods worth $10,000, they would have to pay around 1,625,000 PKR. However, if the exchange rate was 1 USD = 139 PKR, they would only have to pay around 1,390,000 PKR.
Conclusion
The exchange rate between the US dollar and Pakistani rupee can have a significant impact on various aspects of the economy, including imports, exports, and foreign investment. It is important to keep an eye on the exchange rate and understand the factors that can affect it.