Exchange Rate Of Australian Dollar To Pakistani Rupee
Introduction
The exchange rate of Australian Dollar to Pakistani Rupee is an important topic for those who are interested in international trade, travel, and investment. The Australian Dollar (AUD) is the currency of Australia, while the Pakistani Rupee (PKR) is the currency of Pakistan. The exchange rate is the value of one currency in terms of another currency. In this article, we will discuss the current exchange rate of Australian Dollar to Pakistani Rupee, factors that affect the exchange rate, and the historical trend of the exchange rate.
Current Exchange Rate
As of September 2021, the exchange rate of Australian Dollar to Pakistani Rupee is 1 AUD = 122.53 PKR. This means that one Australian Dollar can be exchanged for 122.53 Pakistani Rupees. The exchange rate can fluctuate daily due to various factors such as economic news, political events, and market sentiment.
Factors Affecting Exchange Rate
Several factors can affect the exchange rate of Australian Dollar to Pakistani Rupee. Some of these factors include:
- Interest rates: Higher interest rates in one country can attract foreign investment, which can increase demand for that country's currency and appreciate its value.
- Economic performance: A country with a strong economy, low inflation, and low unemployment rate can attract foreign investment, which can increase demand for its currency and appreciate its value.
- Political stability: A country with political stability and a predictable government can attract foreign investment, which can increase demand for its currency and appreciate its value.
- Trade balance: A country with a trade surplus (exports exceed imports) can increase demand for its currency and appreciate its value.
- Market sentiment: Market sentiment can also affect the exchange rate. If investors are optimistic about a country's economy and political situation, they may increase demand for its currency and appreciate its value.
Historical Trend
The historical trend of the exchange rate of Australian Dollar to Pakistani Rupee shows that the exchange rate has been volatile and has fluctuated over the years. In 2005, the exchange rate was around 1 AUD = 47 PKR. By 2010, the exchange rate had increased to around 1 AUD = 75 PKR. In 2015, the exchange rate reached a high of around 1 AUD = 85 PKR. However, in 2020, the exchange rate dropped to around 1 AUD = 60 PKR due to the COVID-19 pandemic and its impact on the global economy. As of September 2021, the exchange rate has increased to around 1 AUD = 122.53 PKR.
Conclusion
The exchange rate of Australian Dollar to Pakistani Rupee can have a significant impact on international trade, travel, and investment. The current exchange rate is 1 AUD = 122.53 PKR, but the exchange rate can fluctuate daily due to various factors. Understanding the factors that affect the exchange rate can help individuals and businesses make informed decisions when dealing with foreign currencies. The historical trend of the exchange rate shows that it has been volatile and has fluctuated over the years.