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1 USD To PKR In 1947 Till 2024: Historical Analysis of Pakistani Rupee Against Dollar

1 USD To PKR In 1947 Till 2023 Historical Analysis

The economic challenges faced by Pakistan have sparked widespread attention and discourse among policymakers, economists, and the general public. 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.

Following 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. Since then, the PKR has witnessed significant fluctuations against the US dollar. Initially, during the early years of independence, the exchange rate remained relatively stable, experiencing minor fluctuations.

However, in the 1950s and 1960s, the PKR started to depreciate against the US dollar due to economic instability and political turmoil. Over the past three decades, the PKR has experienced a sharp devaluation in its value against the USD.

 The question arises: Will this trend persist, or can Pakistan overcome these economic hurdles?

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.

1 USD TO PKR HISTORY FROM 1947 TO 2024

1 USD TO PKR FROM 1947 TO 1960

1 USD to PKR in 1947 3.31 PKR 
1 USD to PKR in 19483.31 PKR
1 USD to PKR in 19493.31 PKR
1 USD to PKR in 19503.31 PKR
1 USD to PKR in 19513.31 PKR
1 USD to PKR in 19523.31 PKR
1 USD to PKR in 19533.31 PKR
1 USD to PKR in 19543.31 PKR
1 USD to PKR in 19553.91 PKR
1 USD to PKR in 19564.76 PKR
1 USD to PKR in 19574.76 PKR
1 USD to PKR in 19584.76 PKR
1 USD to PKR in 19594.76 PKR
1 USD to PKR in  19604.76 PKR

1 USD TO PKR FROM 1961 TO 1975

1 USD to PKR in 19614.76 PKR
1 USD to PKR in 19624.76 PKR
1 USD to PKR in 19634.76 PKR
1 USD to PKR in 19644.76 PKR
1 USD to PKR in 19654.76 PKR
1 USD to PKR in 19664.76 PKR
1 USD to PKR in 19674.76 PKR
1 USD to PKR in 19684.76 PKR
1 USD to PKR in 19694.76 PKR
1 USD to PKR in 19704.76 PKR
1 USD to PKR in 19714.76 PKR
1 USD to PKR in 197211.01 PKR
1 USD to PKR in 19739.99 PKR
1 USD to PKR in 19749.99 PKR
1 USD to PKR in 19759.99 PKR

1 USD TO PKR FROM 1976 TO 1990

1 USD to PKR in 19769.99 PKR
1 USD to PKR in 19779.99 PKR
1 USD to PKR in 19789.99 PKR
1 USD to PKR in 19799.99 PKR
1 USD to PKR in 19809.99 PKR
1 USD to PKR in 19819.99 PKR
1 USD to PKR in 198211.85 PKR
1 USD to PKR in 198313.12 PKR
1 USD to PKR in 198414.05 PKR
1 USD to PKR in 198515.93 PKR
1 USD to PKR in 198616.65 PKR
1 USD to PKR in 198717.4 PKR
1 USD to PKR in 198818 PKR
1 USD to PKR in 198920.54 PKR
1 USD to PKR in 199021.71 PKR

1 USD TO PKR FROM 1991 TO 2005

1 USD to PKR in 199123.8 PKR
1 USD to PKR in 199225.08 PKR
1 USD to PKR in 199328.11 PKR
1 USD to PKR in 199430.57 PKR
1 USD to PKR in 199531.64 PKR 
1 USD to PKR in 199636.08 PKR
1 USD to PKR in 199741.11 PKR
1 USD to PKR in 199845.05 PKR
1 USD to PKR in 199951.90 PKR 
1 USD to PKR in 200051.90 PKR
1 USD to PKR in 200163.5 PKR
1 USD to PKR in 200260.5 PKR
1 USD to PKR in 200357.75 PKR
1 USD to PKR in 200457.8 PKR
1 USD to PKR in 200559.7 PKR

1 USD TO PKR FROM 2006 TO 2023

1 USD to PKR in 200660.4 PKR
1 USD to PKR in 200760.83 PKR
1 USD to PKR in 200881.1 PKR
1 USD to PKR in 200984.1 PKR 
1 USD to PKR in 201085.75 PKR
1 USD to PKR in 201188.6 PKR
1 USD to PKR in 201296.5 PKR
1 USD to PKR in 2013107.2 PKR
1 USD to PKR in 2014103 PKR
1 USD to PKR in 2015105.20 PKR
1 USD to PKR in 2016104.6 PKR
1 USD to PKR in 2017110.01 PKR
1 USD to PKR in 2018121.5 PKR
1 USD to PKR in 2019163.75 PKR
1 USD to PKR in 2020168.88 PKR
1 USD to PKR in 2021179.16 PKR
1 USD to PKR in 2022225.40 PKR
1 USD to PKR in 2023279.5 PKR
Factors That Influenced the USD to PKR Exchange Rate in 1947

Factors That Influenced the USD to PKR Exchange Rate in 1947

After independence, as a newly-formed nation, Pakistan had a lot to do with its economy. In its early years, the country faced several challenges, including shortage of foreign exchange reserves, high levels of inflation, and a weak agricultural sector. 

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.

Most significantly, the country is still tackling these challenges, alongside some serious issues like debt-repayment pressure from the IMF and the World Bank. 

Apart from this, the USD to PKR exchange rate in 1947 was also influenced by several economic and political factors.  As a part of British India until 1947, Pakistan’s economy was closely tied to that of India. 

The British government controlled the currency exchange rates and other economic policies in the region, which had a significant impact on Pakistan’s economy in its early years.

Another significant factor that influenced the exchange rate was the partition of India and Pakistan. The partition led to the mass migration of millions of people, and it had a significant impact on the economies of both India and Pakistan.

The uncertainty and instability created by the partition made it difficult for the Pakistani government to establish economic stability.

World Currencies vs Pakistani Rupees (PKR)

World Currencies vs Pakistani Rupees (PKR)

The Pakistani Rupee (PKR) has been subject to fluctuations against major world currencies, such as the US Dollar (USD), British Pound (GBP), and Euro (EUR) due to various social and political turmoil in the country.

However, in recent times, the PKR has stabilised to some extent, thanks to a number of measures taken by the government and the central bank of Pakistan. 

Despite these efforts, the Pakistani economy still faces various challenges, including a high debt burden, a low level of foreign investment, and political instability. These factors can continue to impact the PKR’s performance against major world currencies in the future.

INR To PKR

The current exchange rate of the Indian Rupee (INR) to the Pakistani Rupee (PKR) is approximately 2.12 PKR. The exchange rate history between the two currencies is closely tied, as both nations were once part of the same country until they gained independence from British rule in 1947.

Initially, both countries used the same currency, until Pakistan introduced its own currency – the Pakistani Rupee.

In the early years, the exchange rate between the two currencies remained relatively stable, with 1 INR equaling 1 PKR. However, in recent years, the PKR devalued against INR due to various economic and political factors.

AUD To PKR

The current exchange rate of the Australian Dollar (AUD) to the Pakistani Rupee (PKR) is approximately 122.86 PKR for 1 AUD. The history of the exchange rate between the two currencies has been relatively volatile. 

In the early years of Pakistan’s independence, the exchange rate was relatively stable, with 1 AUD equaling around 20 PKR.

CAD To PKR

The current exchange rate of the Canadian Dollar (CAD) to the Pakistani Rupee (PKR) is approximately 114.63 PKR for 1 CAD. The history of the exchange rate between the two currencies has been relatively stable, with minor fluctuations. 

In the early years, the exchange rate was around 4 PKR for 1 CAD. 

JPY To PKR

The current exchange rate of Japanese Yen (JPY) to Pakistani Rupee (PKR) is approximately 0.89 PKR for 1 JPY. The history of the exchange rate between the two currencies has been relatively volatile. In the early years, the exchange rate was around 0.01 PKR for 1 JPY. 

AED To PKR

The current exchange rate of United Arab Emirates Dirham (AED) to Pakistani Rupee (PKR) is approximately 43.97 PKR for 1 AED. The history of the exchange rate between the two currencies has been relatively stable, with minor fluctuations. In the early years, the exchange rate was around 1 PKR for 1 AED. 

QAR To PKR

The current exchange rate of the Qatari Riyal (QAR) to the Pakistani Rupee (PKR) is approximately 24.70 PKR for 1 QAR. The exchange rate history between the two currencies has been relatively stable, with minor fluctuations. 

In the early years, after the introduction of the Qatari Riyal in 1966, the exchange rate was around 0.76 PKR for 1 QAR.

USD to PKR in January 2024

The Pakistani rupee rate against the US dollar has consistently increased since early 2000s and maintaining that streak ,the Pakistani rupee rate increased up to 284.5 PKR in 2023. However, as per the latest updates on the UK stock exchange rate, the PKR price has dropped down in 2024 to 279.5 PKR against $1.

Conclusion

The 1 USD to PKR analysis presents a comprehensive overview of the historical exchange rate between the US dollar (USD) and the Pakistani Rupee (PKR) from 1947 to 2023. It sheds light on the fluctuations in the PKR’s value against the USD, emphasising the importance of strategic economic planning and policy measures to overcome economic obstacles.

The volatility of the Pakistani Rupee against the US dollar has been a significant concern for the country’s economy since its inception. The current exchange rate between the USD and PKR reflects the economic challenges confronting Pakistan, including high inflation, a substantial current account deficit, and a growing public debt.

However, it is worth acknowledging that currency fluctuations are not unique to Pakistan and are influenced by various factors such as global economic conditions, trade relations, and political stability.

To stabilise the PKR and bolster Pakistan’s economy, policymakers must address these challenges and strive for sustainable economic growth. Implementing effective measures and strategies is crucial for ensuring the long-term stability and prosperity of the Pakistani economy.

FAQ’s

How much was 1 USD to INR in 1947 in Pakistan?

The exchange rate of 1 USD to PKR in 1947 was 3.31 PKR.

How Many $100 Is For PKR?

As of April 2023, the exchange rate for USD to PKR is approximately 278.86 PKR per 1 USD. Therefore, 100 USD would be equivalent to approximately 27,886 PKR.

What Currency Is The Strongest?

The value of a currency can be determined by several factors, including the strength of the economy, political stability, and market demand. 

There is no definitive answer to what currency is the strongest, as it can vary depending on the time frame and circumstances. 

Currently, the United States dollar (USD), Euro (EUR), and Japanese yen (JPY) are among the most commonly traded and valued currencies in the world.

What Was Dollar Rate In Pakistan In 2000?

The exchange rate for USD to PKR in 2000 varied throughout the year. According to historical data, the average exchange rate for the year 2000 was approximately 53.04 PKR per 1 USD.

How Much Was 1 USD To INR In 1947 In Pakistan?

India and Pakistan were separated in 1947, so there was no exchange rate for USD to INR in Pakistan at that time. 

However, according to historical data, the exchange rate for USD to INR in India in 1947 was approximately 4.76 INR per 1 USD.

What Was Dollar To PKR In 1998?

The exchange rate for USD to PKR in 1998 varied throughout the year. According to historical data, the average exchange rate for the year 1998 was approximately 46.76 PKR per 1 USD.

What Was USD To PKR In 1990?

The exchange rate for USD to PKR in 1990 varied throughout the year. According to historical data, the average exchange rate for the year 1990 was approximately 21.47 PKR per 1 USD.

What Was Dollar Rate In Pakistan In 2013?

The exchange rate for USD to PKR in 2013 varied throughout the year. According to historical data, the average exchange rate for the year 2013 was approximately 98.64 PKR per 1 USD.

What Was Dollar Rate In Pakistan In 2008?

The exchange rate for USD to PKR in 2008 varied throughout the year. According to historical data, the average exchange rate for the year 2008 was approximately 72.17 PKR per 1 USD.

What Was Dollar Rate In Pakistan 2010?

The exchange rate for USD to PKR in 2010 varied throughout the year. According to historical data, the average exchange rate for the year 2010 was approximately 85.32 PKR per 1 USD.

What Was The Dollar To PKR In 2015?

The exchange rate for USD to PKR in 2015 varied throughout the year. According to historical data, the average exchange rate for the year 2015 was approximately 104.44 PKR per 1 USD.

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Karla brings over 16+ years of experience in the online brokerage industry. She is a finance graduate from Birmingham University, UK, and a forex market enthusiast. Being a true writing fanatic, she pens research-backed reviews for traders to analyse trading strategies and indicators. She has also authored a wide range of educational articles covering the forex industry. Karla is quite interested in checking brokerage companies and studying their performance and growth. Her aim is to describe complex investment mechanisms in an accessible way for traders of any level. Apart from finance, her interests mainly include reading books, fitness, and writing in her journal. Karla believes in the power of writing and wants to write for every layman who knows nothing about finance.
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