Just looked at Pakistan's currency history and it's actually shocking. Back in 1947 when the country was founded, 1 USD to PKR in 1947 was just 3.31. That's wild to think about now.



Fast forward a few decades and things started shifting. By the late 70s it was around 10 PKR per dollar, then the 80s hit and it stayed relatively stable. But from the 90s onwards, the depreciation really accelerated. I'm talking 20 PKR in 1989, jumping to 30+ by mid-90s, then 50+ by 1999.

The real collapse came in the 2000s and beyond. 2008 saw a spike to 81 PKR, and it just kept climbing. By 2018 we're at 139, then 2019 hit 163. The pandemic years were brutal - 2020 was 168, and 2023 reached 286 PKR per dollar. That's an 86x depreciation from 1947.

Currently sitting around 277 PKR per dollar in 2024. What's wild is how this reflects the broader economic story - inflation, fiscal issues, external pressures. The rupee's been on a long downward journey for decades. Crazy to visualize 77 years of currency depreciation like this.
AT-1.67%
IN1.95%
WILD4.7%
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
  • Pinned