Just went down a rabbit hole looking at Pakistan's currency history from 1947 to 2024, and wow, the depreciation story is wild. Back when Pakistan gained independence, 1 USD was worth just 3.31 PKR - pretty stable for years. But then things started shifting in the 1950s when it jumped to 3.91, then 4.76 by 1955. Stayed there for nearly two decades, which is interesting.

What really caught my attention is the acceleration. Through the 70s and 80s it was creeping up gradually - 9.99 PKR per dollar for most of that period. But once the 90s hit, the depreciation accelerated hard. We're talking 20 PKR in 1989, then jumping to 30+ by 1994, 50+ by 1999. The 2008 financial crisis clearly hit Pakistan too - crossed 81 PKR that year.

But the really dramatic part? The last few years. In 2020 it was 168, jumped to 240 by 2022, then 286 in 2023. Now sitting around 277 in 2024. That's a massive deterioration, especially in that 2022-2023 window. From 3.31 PKR in 1947 to 277 today - that's the story of currency erosion right there. Makes you think about what inflation and economic pressures do to a currency over 77 years.