Just looked at Pakistan's dollar rate history since independence in 1947, and the depreciation story is wild 👇

From 1947 to the mid-1950s, the Pakistani rupee held pretty steady around 3.31 PKR per dollar. Stayed that way for nearly a decade. Then things started shifting in 1955 when it moved to 3.91, and by 1956 it hit 4.76 where it basically plateaued for another 15 years.

But here's where it gets interesting. Around 1972, the rate jumped to 11 PKR, and that's when you could really see the currency starting to weaken. Through the 80s it hovered around 9-10 PKR, but the real acceleration happened in the 1990s. By 1999 you needed over 51 rupees to get a single dollar.

The 2000s brought more pressure—rates climbed from 63 in 2001 to 85 by 2010. Then 2018 hit with 139 PKR per dollar, which was a massive jump from just a few years prior. Looking at the whole timeline from 1947 to 2024, the Pakistani rupee has lost serious value against the dollar over these decades.

It's a textbook case of long-term currency depreciation. Economic instability, inflation, and external pressures all played a role in this dollar rate trajectory in Pakistan.