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Pak Rupee in Dollar: 11 Key Facts and 4 Tables

Introduction

The Pakistani rupee (PKR) is the official currency of Pakistan. It is issued by the State Bank of Pakistan and is subdivided into 100 paisa. The PKR is pegged to the US dollar at a rate of 1 USD = 155.50 PKR. As of June 2023, the PKR is trading at 225.00 to the US dollar.

Key Facts

The PKR has been in circulation since 1947, when Pakistan gained independence from the United Kingdom.
The PKR is the 20th most traded currency in the world.
The PKR is used in all transactions in Pakistan.
The PKR is pegged to the US dollar at a rate of 1 USD = 155.50 PKR.
The PKR is issued by the State Bank of Pakistan.
The PKR is subdivided into 100 paisa.
The PKR is a legal tender in Pakistan.
The PKR is convertible to other currencies.
The PKR is used in international trade.
The PKR is a popular investment vehicle.
The PKR is subject to exchange rate fluctuations.

Tables

pak rupee in dollar

Year	PKR/USD Exchange Rate
2013	103.30
2014	104.80
2015	106.30
2016	107.80
2017	111.30
2018	114.50
2019	117.50
2020	123.50
2021	132.50
2022	147.50
2023	225.00

Country	PKR/USD Exchange Rate (June 2023)
United States	1.00
United Kingdom	0.75
Canada	0.80
Australia	0.70
New Zealand	0.65
India	0.014
China	0.15
Japan	0.013
Eurozone	0.85
Switzerland	1.05

Sector	PKR/USD Exchange Rate Impact
Trade	The PKR/USD exchange rate can impact the cost of imports and exports.
Investment	The PKR/USD exchange rate can impact the value of foreign investments.
Tourism	The PKR/USD exchange rate can impact the cost of travel for tourists.
Remittances	The PKR/USD exchange rate can impact the amount of money that is sent home by Pakistani expatriates.

Outlook	PKR/USD Exchange Rate Forecast
Short-term	The PKR is expected to remain stable against the US dollar in the short-term.
Medium-term	The PKR is expected to gradually depreciate against the US dollar in the medium-term.
Long-term	The PKR is expected to appreciate against the US dollar in the long-term.