1 USD To Pkr in 1947 Historical Dollar Rate in Pakistan
In 1947, when Pakistan was created, the exchange rate of the Pakistani Rupee (PKR) to the US Dollar (USD) was fixed at Rs. 3.31 per US dollar.
History of Dollar (1947 to 2025)
Below is a table illustrating how the exchange rate of 1 USD to PKR has evolved over the years:
| Year | USD to PKR |
|---|---|
| 1947 | 3.31 |
| 1950 | 3.31 |
| 1955 | 3.31 |
| 1960 | 4.76 |
| 1965 | 6.70 |
| 1970 | 9.52 |
| 1975 | 9.70 |
| 1980 | 9.90 |
| 1985 | 14.70 |
| 1990 | 21.71 |
| 1995 | 33.60 |
| 2000 | 51.90 |
| 2005 | 66.60 |
| 2010 | 85.50 |
| 2015 | 117.20 |
| 2020 | 160.50 |
| 2024 | 280+ |
| 2025 | 274 (Still) |
Why Was the Dollar Rate Low in 1947?
- Stable Economy:
- In 1947, Pakistan’s economy was small with controlled inflation, which gave the rupee strong purchasing power.
- Pegged Exchange Rate:
- The rupee was linked to the British Pound, maintaining a stable exchange rate and preventing large fluctuations.
- Low Inflation:
- With limited economic activity, inflation was low, helping maintain the rupee’s value and keeping the dollar rate down.
- Limited Trade:
- Pakistan wasn’t heavily involved in global trade, reducing the demand for foreign currencies like the USD, and keeping the dollar rate low.
Why the Dollar Rate Increased Over Time
- Foreign Debt:
- As Pakistan’s foreign debt grew, repayments in USD increased the demand for dollars, pushing the rate up.
- Rising Inflation:
- Inflation eroded the value of the rupee, requiring more rupees to buy a single dollar, causing the exchange rate to rise.
- Political Instability:
- Frequent government changes and policy shifts led to economic uncertainty, affecting investor confidence and increasing the dollar rate.
- Higher Imports:
- Increased imports led to higher demand for foreign currencies, particularly the US dollar, pushing the exchange rate higher.
