Pakistan and Canada have a long-standing economic relationship, with significant trade and investment flows between the two countries. As a result, the Canadian dollar (CAD) plays a crucial role in the Pakistani economy. This article provides a comprehensive overview of the CAD in PKR, covering its historical trends, current exchange rates, and factors influencing its value.
The value of the CAD in PKR has fluctuated over the years, reflecting changes in economic conditions in both countries. In the past decade, the CAD has generally appreciated against the PKR, with some periods of volatility.
As of [Date], the exchange rate between the CAD and PKR is 1 CAD = [Exchange Rate] PKR. This rate has remained relatively stable in recent months, following a period of volatility in 2022.
Several factors influence the value of the CAD in PKR, including:
The CAD in PKR is widely used in various sectors of the Pakistani economy, including:
Understanding the relationship between the CAD and PKR offers several benefits:
Fluctuating exchange rates offer both advantages and disadvantages:
Pros:
Cons:
The Canadian dollar plays a significant role in the Pakistani economy, influencing trade, investments, and remittances. Understanding the historical trends, current exchange rates, and factors influencing the value of the CAD in PKR is crucial for individuals and businesses to make informed decisions and mitigate risks. By staying up-to-date on the latest developments, Pakistanis can effectively manage their CAD-PKR transactions and capitalize on the opportunities presented by the ever-changing global financial landscape.
Tables:
Year | CAD/PKR Exchange Rate |
---|---|
2012 | 80.35 |
2014 | 78.20 |
2016 | 85.05 |
2018 | 90.25 |
2020 | 77.50 |
2022 | 84.55 |
Currency | Code |
---|---|
Canadian Dollar | CAD |
Pakistani Rupee | PKR |
Economic Indicator | Pakistan | Canada |
---|---|---|
GDP Growth Rate (2022) | 5.95% | 3.0% |
Interest Rate | 17.00% | 4.25% |
Key Figures:
Frequently Asked Questions:
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