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Been diving into Pakistan's currency history and it's actually wild how much the rupee has depreciated over the decades. Back in 1947 when the country was founded, 1 USD was just 3.31 PKR. For nearly a decade it stayed flat, then slowly started moving.
The real acceleration happened from the 90s onwards. I remember reading that by 2009, the us dollar rate in year 2009 in pakistan had climbed to around 84.10 PKR per dollar. That's already a massive shift from where it started. But here's the thing - that was just the beginning of a bigger decline.
Fast forward to the 2010s and the pressure intensified. By 2018, you're looking at 139 PKR per dollar. Then 2019 hit with 163.75. And the pandemic years? 2020 saw 168.88 PKR per dollar, and things really accelerated after that. 2022 and 2023 were brutal - 240 and 286 PKR respectively. Currently sitting around 277 PKR per dollar as of 2024.
So in roughly 77 years, the rupee lost like 98% of its value against the dollar. That's not just inflation, that's structural economic pressure. Interesting to see how the us dollar rate in pakistan evolved through different political and economic cycles. Makes you think about currency stability.