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Just looked at the historical dollar rate in Pakistan and it's wild how much the rupee has lost value over the decades. Back in 1947 when the country was founded, 1 USD was just 3.31 PKR. For the next 8 years it basically stayed flat, then started moving in the 1950s.
What really caught my eye is the 2018 dollar rate in pakistan hit 139.21 PKR—that was a pretty sharp jump from the previous years. But honestly, that was just the beginning. By 2019 it jumped to 163.75, and then 2020 saw it reach 168.88. The acceleration was real.
Fast forward to recent years and the story gets even more dramatic. In 2022 it touched 240 PKR, then 2023 hit 286. Currently sitting around 277 in 2024. Over 77 years, the rupee went from 3.31 to 277 against the dollar. That's roughly an 8,000% devaluation. The currency has basically been on a one-way street, especially after the late 1980s when things really started picking up pace. Makes you think about how inflation and economic pressures compound over time.