USD to PKR 2020
Dollar Rate in Pakistan 2020 was PKR 168. In 2020, the USD to PKR experienced significant fluctuations due to various economic and political factors. The exchange rate of the dollar is a crucial indicator of the economic health of a country, and for Pakistan, it has been a year of notable changes.
Dollar Rate in Pakistan 2020 History
For 2020, the exchange rates between the USD to PKR experienced notable fluctuations.
- Best highest exchange rate of 2020: 168.87
- Average exchange rate of 2020: 161.83
- Lowest exchange rate of 2020: 154.19
Overview of the Dollar Rate in Pakistan 2020
At the beginning of 2020, the dollar rate in Pakistan was relatively stable, hovering around PKR 154 to 168 per US dollar. However, as the year progressed, multiple factors influenced the dollar rate in Pakistan, leading to both appreciations and depreciations.
Monthly Breakdown of the Dollar Rate in Pakistan 2020
January to March: The dollar rate in Pakistan remained relatively stable, with minor fluctuations between PKR 155 and 166.
April to June: Mid-year saw a slight depreciation, with the dollar rate in Pakistan rising to around PKR 166 to 167 due to increasing political unrest.
July to September: The dollar rate in Pakistan saw a peak, reaching up to PKR 165, driven by high inflation and a widening trade deficit.
October to December: The end of the year brought some stabilization efforts by the government, bringing the dollar rate in Pakistan back down to around PKR 160.
Impact on the Economy
The fluctuations in the dollar rate in Pakistan in 2020 had widespread impacts on the economy. The rising dollar rate in Pakistan led to increased costs of imports, thereby contributing to higher inflation. Conversely, for exporters, a higher dollar rate in Pakistan meant better revenue in terms of local currency, which provided some relief to the trade balance.