1 USD to PKR in 1947

1 USD to PKR in 1947 was equal to Rs. 3.31

Dollar rate in Pakisan Today

The history of PKR and USD relationship since independence is of utmost importance to people at this moment when PKR is experiencing its lowest exchange rate in comparison to the USD. In 1947, it was considered that 1 USD was equivalent to 3.31 PKR.

Some economists contend that there is no precise value that can be determined because, on the eve of independence, Pakistan had insufficient funds to borrow from abroad, meaning that the PKR was most likely equivalent to the USD. Since Pakistan had no external debt when it gained independence in 1947, the value of the Pakistani rupee was equal to the value of the US dollar. The rupee was linked to British Pounds since Pakistan was ruled by the British. However, the estimation shows that the 1 USD to PKR in 1947 was 3.31 rupees.

Since then, the exchange rate of USD to PKR has fluctuated over the years, influenced by various economic and political factors. As of 2023, the exchange rate of 1 USD to PKR is approximately 260 to 270 PKR. However, the exchange rate is subject to change based on market conditions and other factors such as inflation rates, interest rates, and geopolitical events.