1 USD to PKR in 1947 – Historical Currency Value
In 1947, 1 USD was equal to 3.31 PKR, reflecting Pakistan’s stable economy. Over time, inflation, economic challenges, and policy changes led to a significant depreciation of the Pakistani Rupee.
Historical Exchange Rate Table
Below is a table showing the historical exchange rate of 1 USD to PKR 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: Pakistan had a simple, small economy with controlled inflation.
- Pegged Exchange Rate: The rupee was linked to the British Pound, keeping it stable.
- Low Inflation: Prices were low, so the rupee had strong purchasing power.
- Limited Trade: Pakistan had fewer imports/exports, reducing demand for foreign currency.
Why the Dollar Rate Increased Over Time
- Foreign Debt: Loan repayments in dollars put pressure on the exchange rate.
- Rising Inflation: The value of the rupee fell due to increasing prices.
- Political Instability: Economic policies changed frequently, causing uncertainty.
- Higher Imports: Greater dependency on imported goods increased demand for USD.
