Just went through Pakistan's currency history and it's actually wild how much the rupee has depreciated over the decades. Started looking at the dollar rate in year 1990 in pakistan specifically—back then you'd get around 21.71 PKR for 1 USD. That seems almost surreal now.



What's crazy is how stable it was in the early years. From 1947 all the way through the 1950s, the exchange rate barely moved—just sitting at 3.31 PKR per dollar. Then things started shifting gradually through the 60s and 70s, but the real acceleration kicked in during the late 80s and 90s. Once the 90s hit, you could see the currency really started losing ground against the dollar.

Fast forward to 2008 and it jumped to 81.18, then by 2019 we're talking 163.75 PKR per dollar. The depreciation just kept accelerating. In 2023 it hit 286, and now in 2024 it's hovering around 277. The dollar rate in pakistan has basically tripled since that 1990 mark. It's a pretty clear picture of inflation and economic pressure over the last three decades.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin