USD to PKR 2021
Dollar Rate in Pakistan 2021 was PKR 179. In 2021, 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 2021 History
For 2021, the exchange rates between the USD to PKR experienced notable fluctuations.
- Best highest exchange rate of 2021: 179.16
- Average exchange rate of 2021: 162.96
- Lowest exchange rate of 2021: 151.17
Overview of the Dollar Rate in Pakistan 2021
At the beginning of 2021, the dollar rate in Pakistan was relatively stable, hovering around PKR 160 to 162 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 2021
January to March: The dollar rate in Pakistan remained relatively stable, with minor fluctuations between PKR 160 and 152.
April to June: Mid-year saw a slight depreciation, with the dollar rate in Pakistan rising to around PKR 152 to 157 due to increasing political unrest.
July to September: The dollar rate in Pakistan saw a peak, reaching up to PKR 158, 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 178.
Impact on the Economy
The fluctuations in the dollar rate in Pakistan in 2021 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.