![]() ![]() These factors made it even more challenging for the Pakistani government to stabilise the economy, and the country struggled to establish a strong economic foundation. ![]() In its early years, the country faced several challenges, including shortage of foreign exchange reserves, high levels of inflation, and a weak agricultural sector. 1 USD TO PKR HISTORY FROM 1947 TO 2023 1 USD TO PKR FROM 1947 TO 1960 1 USD to PKR in 1947ġ USD TO PKR FROM 1961 TO 1975 1 USD to PKR in 1961ġ USD TO PKR FROM 1976 TO 1990 1 USD to PKR in 1976ġ USD TO PKR FROM 1991 TO 2005 1 USD to PKR in 1991ġ USD TO PKR FROM 2006 TO 2023 1 USD to PKR in 2006įactors That Influenced the USD to PKR Exchange Rate in 1947Īfter independence, as a newly-formed nation, Pakistan had a lot to do with its economy. In this detailed analysis on the historical USD to PKR history of exchange rate from 1947 to 2023, we provide a comprehensive report examining the fluctuation of the exchange rate over the years. The question arises: Will this trend persist, or can Pakistan overcome these economic hurdles? Over the past three decades, the PKR has experienced a sharp devaluation in its value against the USD. However, in the 1950s and 1960s, the PKR started to depreciate against the US dollar due to economic instability and political turmoil. Initially, during the early years of independence, the exchange rate remained relatively stable, experiencing minor fluctuations. ![]() Since then, the PKR has witnessed significant fluctuations against the US dollar. One significant aspect indicating the country’s economic struggles is the devaluation of the Pakistani Rupee (PKR), which is reflective of high inflation, a sizable current account deficit, and mounting public debt.įollowing Pakistan’s independence from British colonial rule in 1947, the Pakistani Rupee (PKR) came into existence, with an initial exchange rate of 1 USD to 3.31 PKR. The economic challenges faced by Pakistan have sparked widespread attention and discourse among policymakers, economists, and the general public. ![]()
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