1 USD to PKR in 1947 to 2024

An overview about Dollar’s Trends in Pakistan – Let’s have a glance of 1 USD Dollar to PKR Currency rates fluctuation from 1947 to 2023.

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1 USD to PKR in 1947:

India emerged as two states after the fall of the British Raj. These were two independent states: Pakistan and India. In the beginning, the pre-existing currency coins and notes were used by both nations with the government of Pakistan's stamp. After that, in 1948, new banknotes were issued by the state bank of Pakistan. But from the beginning, the Dollar rate was never equal to the Pakistani rate. 1 dollar to PKR in 1947 was never equal. 1 USD to PKR in 1947 was equal to 3.31 Pakistani Rupees even though 1 GBP was equal to 13.33 Pakistani Rupees and perhaps in the history of USD and PKR relations, it was the cheapest exchange rate.

1 USD to PKR in 1948:

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Before our independence, the British ruled us. So Pakistan adopted Sterling Pound after independence. But after 1948, the State bank of Pakistan issued banknotes.

1 USD to PKR in 1948 was 3.31 rupees.

From 1947 to 2023, 1 USD to PKR faced huge fluctuations, and in the current year, PKR devalued vastly against USD.

1 USD to PKR in 1950:

1 USD to PKR in 1950 was still equal to 3.31 rupees. 1948 1 USD=3.31 PKR, 1949 1 USD=3.31 PKR, 1950 1 USD=3.31 PKR

The US dollar is one of the best-performing currencies in the world. It is the most common currency in International trade between Pakistan and other countries. Therefore, it is extremely important to keep an eye on the USD rate occasionally.

As of October 1950, according to Pakistani Rupees exchange rates, the US dollar was 3 Rupees, 4 Aana, and 11 Paisa.

1 USD to PKR in 1960:

In the 1960s, there was a slight increase in the US dollar in exchange for the Pakistani rupee. 1 USD to PKR in 1960=4.76 PKR, and the same in 1961: 1 USD to PKR in 1961=4.76 PKR

1 USD to PKR in 1965:

In 1965, 1 US dollar was equal to 4.76 Pakistani rupees.

The value of one currency in terms of another currency is referred to as exchange rates. Exchange rates constantly vary because of many political and economic factors such as

  • Trade balance
  • Inflation rates
  • Gross domestic product
  • Government stability

In addition, International relations and market speculation also influence the value of a currency.

1 USD to PKR in 1980:

Pakistani government adopted USD as a Foreign Exchange Currency on 17th September 1971. After that, the US dollar rate increased steadily, and 1 USD to PKR in 1980 became equal to 9.99 rupees, and by the time of 1983, 1 US dollar was equal to 13.12 PKR.

1 USD to PKR in 1990:

In 1990, 1 US dollar was equal to 21.91 Pakistani rupees. 1 USD to PKR in 1992 became equal to 25.08 rupees. 1 USD to PKR in 1995 was equal to 31.64 rupees. All the above exchange rates showed a gradual devaluation of Pakistani currency as compared to USD.

1 USD to PKR in 2000:

1 USD to PKR in 2000 was equal to 52 rupees which were just a little higher than the previous year as 1 USD to PKR in 1999 was equal to 51.90 rupees.

USD to PKR Relations

At the time of independence of Pakistan in 1947, it was strong support from Britain's sterling pound to the Pakistani rupee that kept 1 US dollar to PKR in 1947 below 10 rupees. After Pakistan adopted USD as Foreign Currency Exchange, there has been a gradual increase in USD against PKR.

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First Elevation

The USD to PKR suddenly raised to peaks when the currency was shifted to a managed float by President Zia Ul Haq. The cost of import increased as the PKR lost its value by 38.5%.
1 USD to PKR in 1947 to 2023

2nd Elevation

The value of 1 US dollar to PKR keeps increasing since 1982 compared to 1 USD to PKR in 1947. The currency of Pakistan also became vulnerable after the nuclear test in 2002. 2008 was termed as a disaster year for PKR as Pakistan's currency jolted severely in that year and PKR devalued by 23% against USD. 1 USD to PKR in 2008 became equal to 79.2 rupees.
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3rd Elevations (Current Status)

The least rate of 1 USD to PKR in 1947 is evidence that the economy of Pakistan at the time of independence was more fresh and long-lasting than today. Today our economy depends upon IMF plans with an increasing rate of 1 USD against PKR. The PKR against USD is now at the lowest in history. 1 USD to PKR in 2023=283.12 rupees. The reasons for such a downfall include overwhelming loans, unstable political conditions, etc.

1 USD to PKR rate from 1947 to 2000:

From 1947-1954

1 USD=3.31 PKR

Dollar In 1955

1 USD=3.91 PKR

From 1956-1971

1 USD=4.76 PKR

Dollar In 1972

1 USD=11.01 PKR

From 1973-1981

1 USD=9.99 PKR

Dollar In 1982

1 USD=11.85 PKR

Dollar In 1983

1 USD=13.12 PKR

Dollar In 1984

1 USD=14.05 PKR

Dollar In 1985

1 USD=15.93 PKR

Dollar In 1986

1 USD=16.65 PKR

Dollar In 1987

1 USD=17.4 PKR

Dollar In 1988

1 USD=18 PKR

Dollar In 1989

1 USD=20.54 PKR

Dollar In 1990

1 USD=21.71 PKR

Dollar In 1991

1 USD=23.8 PKR

Dollar In 1992

1 USD=25.08 PKR

Dollar In 1993

1 USD=28.11 PKR

Dollar In 1994

1 USD=30.57 PKR

Dollar In 1995

1 USD=31.64 PKR

Dollar In 1996

1 USD=36.08 PKR

Dollar In 1997

1 USD=41.11 PKR

Dollar In 1998

1 USD=45.05 PKR

From 1999-2000

1 USD=51.90 PKR

1 USD to PKR in 2008:

Both long-term factors and short-term factors can affect the exchange rates. The currency of a country will appreciate over time if its economy is strong and the government is stable. In contrast, a country with political instability and high levels of inflation faces the depreciation of its currency.

There has been a significant fluctuation between the exchange rate of USD and PKR.

Due to various political and economic factors, the value of PKR can fluctuate compared to the US dollar. In 2008, the average exchange rate of the Pakistani rupee to the US dollar was about 70.4 PKR per USD according to the Federal Reserve Bank of St. Louis.

1 USD to PKR in 2010:

In 2010, 1 US dollar to PKR was worth 85.1722 rupees. This means that in 2010, it took an average of 85.1722 Pakistani rupees to buy one US dollar.

The value of PKR was relatively low against the US dollar in the early years of Pakistan's independence because of the newly established status of the country and the economic challenges it faced. But in recent years, compared to the USD, the value of PKR has generally been lower which shows the demand for each currency and the relative strengths of the two economies.

1 USD to PKR in 2013:

After 2010, the US dollar crossed the rate of 100 PKR and in 2013, 1 USD reached the price of 101.55 PKR.

Exchange rates can vary significantly over time due to different factors. But in Pakistan, exchange rates between the US dollar and PKR have always increased over the past few years.

1 USD to PKR in 2014 was still the same as in 2013. This means that one USD cost an average of 101.55 PKR in 2014.

After that in 2015, the value of the Pakistani rupee again devalued slightly and 1 USD to PKR in 2015 was equal to 102.7413  rupees. In the following years, the US dollar rates were seen increasing steadily. 1 USD to PKR in 2016 was 104.7111 rupees, and 1 USD to PKR in 2017 became equal to 105.2933  rupees.

1 USD to PKR in 2018:

Since 1947, the value of the Pakistani currency has changed significantly and there also have been fluctuations between the USD and PKR exchange rates. In 2018, 1 USD reached the value of 121.5744 PKR. 2018 was also a year of elections and a new government for Pakistan.

In the following years, many economical and political factors influenced the US dollar's price against the Pakistani rupee. 1 USD to PKR in 2019 became equal to 150.2016 PKR which shows a huge devaluation of Pakistani currency. The dollar's price kept on rising since then. 1 USD to PKR in 2020 was 161.8366 PKR. Gradually increasing, 1 USD to PKR in 2021 became equal to 162.9699  PKR.

1 USD to PKR in 2022:

There has been a significant increase in the value of the US dollar against the Pakistani rupee over the past 20 years.

In 2022, Pakistan's economy and political conditions began to become unstable which highly influenced Pakistan's currency and the US dollar rate. The average 1 USD to PKR exchange rate in 2022 crossed 200 PKR and reached the value of 204.5654 rupees.

1 USD to PKR in 2023:

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Currently, the rates of the dollar have become highly expensive in Pakistan and everyone has been stunned by its rising exchange rate. Several factors caused this rise. In 2023, 1 USD is on average equal to 258.9006  PKR.

1 USD to PKR in 2024:

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Currently, the rates of the dollar have become highly expensive in Pakistan and everyone has been stunned by its rising exchange rate. Several factors caused this rise. In 2024, 1 USD is on average equal to 281.66  PKR.

Check Exchange rates USD to PKR

We update our live USD to PKR rate in real time so that you can get accurate data. This update is especially crucial as the exchange rates are fluctuating rapidly in Pakistan.

In February 2023, Pakistan's exchange rate against USD was 266.676 rupees compared with the previous month's exchange rate.

1 USD to PKR today is 283.16 rupees.

The following history shows the steadily rising value of the US dollar in the Pakistani market.

Dollar In 2001

1 USD=63.5 PKR

Dollar In 2002

1 USD=60.5 PKR

In 2003 & 2004

1 USD=57.75 PKR

Dollar In 2005

1 USD=59.7 PKR

Dollar In 2006

1 USD=60.4 PKR

Dollar In 2007

1 USD=60.83 PKR

Dollar In 2008

1 USD=81.1 PKR

Dollar In 2009

1 USD=84.1 PKR

Dollar In 2010

1 USD=85.75 PKR

Dollar In 2011

1 USD=88.6 PKR

Dollar In 2012

1 USD=96.5 PKR

Dollar In 2013

1 USD=107.2 PKR

Dollar In 2014

1 USD=103 PKR

Dollar In 2015

1 USD=105.2 PKR

Dollar In 2016

1 USD=104.6 PKR

Dollar In 2017

1 USD=110 PKR

Dollar In 2018

1 USD=121 PKR

Dollar In 2019

1 USD=163.7 PKR

Dollar In 2020

1 USD=161.9 PKR

Dollar In 2021

1 USD=162.9 PKR

Dollar In 2022

1 USD=225.4 PKR

Dollar In 2023

1 USD=282 PKR

Conversion of Dollar into PKR

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