Just looked into Pakistan's currency history and honestly it's wild to see how much the rupee has depreciated over the decades. Back in 1947 when the country was born, 1 dollar was only 3.31 PKR. That stayed stable for years until the mid-50s when it started moving. For most of the 60s and 70s it hovered around 4-10 PKR per dollar, pretty stable times. But then things started accelerating from the 80s onwards. By 1989 it jumped to 20.54 PKR, and you could already see the pressure building. The 90s saw continuous decline with the rate hitting 51.90 PKR by 2000. Around 2017 specifically, the dollar rate in Pakistan was sitting at 110 PKR, which felt like a big deal at the time. Fast forward to 2008 and it shot up to 81 PKR in just one year due to the global crisis. The real acceleration happened after 2018 though - jumped to 139 PKR and kept climbing. By 2019 it was 163, 2020 hit 168, and then 2022-2023 saw the fastest depreciation with rates touching 240-286 PKR. Now in 2024 it's stabilized a bit around 277 PKR. That's roughly an 80x devaluation from independence. Wild to think about what that means for anyone holding savings in rupees over the long term. The currency story tells you a lot about economic stability and inflation pressures over 77 years.

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