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Just went down the rabbit hole looking at Pakistan's currency history and wow, the 1947 dollar rate in pakistan was 3.31 PKR - stayed that way for almost a decade. Now I'm seeing how wild the depreciation has been over the past 75 years.
Like, from the 1950s to early 70s it barely moved (around 4-5 PKR range), then things started accelerating. By the 80s we're at 10 PKR, jumped to 20+ in the 90s, and that's when the real decline picked up pace. The 2000s saw it climbing to 60+ pretty steadily.
But the recent years? That's where it gets intense. 2018 hit 139, then 2019 was 163, 2020 pushed to 168. And then 2022-2023 just accelerated hard - 240 to 286. Currently sitting around 277 in 2024. That's an 83x depreciation from 1947 levels.
The 1947 dollar rate in pakistan context really puts into perspective what inflation and currency devaluation looks like over generations. Crazy to think about what that means for savings and purchasing power over time. Anyone else tracking their local currency's story?