USD to PKR 2022
Dollar Rate in Pakistan 2022 was PKR 226. In 2022, 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 2022 History
For 2022, the exchange rates between the USD to PKR experienced notable fluctuations.
- Best highest exchange rate of 2022: 239.93
- Average exchange rate of 2022: 204.83
- Lowest exchange rate of 2022: 174.35
Overview of the Dollar Rate in Pakistan 2022
At the beginning of 2022, the dollar rate in Pakistan was relatively stable, hovering around PKR 176 to 178 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 2022
January to March: The dollar rate in Pakistan remained relatively stable, with minor fluctuations between PKR 176 and 182.
April to June: Mid-year saw a slight depreciation, with the dollar rate in Pakistan rising to around PKR 183 to 204 due to increasing political unrest.
July to September: The dollar rate in Pakistan saw a peak, reaching up to PKR 228, 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 226.
Impact on the Economy
The fluctuations in the dollar rate in Pakistan in 2022 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.