1 USD to PKR in 1947 - Dollar Rate History 1947 to 2024

The exchange rate in 1 USD to PKR in 1947 was = Rs. 3.31

The exchange rate between the US dollar (USD) and the Pakistani rupee (PKR) has seen significant changes. The relationship between the United States dollar (USD) and the Pakistani rupee (PKR) has changed greatly since Pakistan (then Pakistan and India) was formed in 1947. A review of the USD to PKR history 1947 to 2024 offers a unique view as to how the country and economy have performed over the decades.

1 USD to PKR in 1947 - Dollar Rate History 1947 to 2024

1947 PKR USD Exchange Rate: The Starting Point

At the time of the independence of Pakistan, which was in 1947, the exchange rate at that moment was linked to the British pound. The exchange rate was fixed and remained in its place. At such time, the 1947 PKR USD exchange rate was established at around 1 USD = 3.31 PKR, and that rate sustained for several years. It is mainly due to the fixed exchange rate system and Pakistan's being on the British monetary system.

You can check live Dollar rate in Pakisan Today

USD to PKR History (1947 to 2024): Major Changes

The USD to PKR history 1947 to 2024 conversion rupee illustrates Pakistan's shifts in the economy, exports to imports, rising inflation, and monetary policy changes throughout history in the context of their currency. Several major events along the way of significant devaluation, or depreciation, of the Pakistan rupee can be observed as follows.

  • 1971: Economic & currency changes were seen with the separation of East Pakistan (now Bangladesh) when there was devaluation of currency, and 1 USD to PKR in 1947 was equal to a little less than 4.76 PKR.
  • 1980s: Economic instability during this decade led to more devaluation, reaching 10 PKR for one US dollar.
  • 2000s: The exchange rate broke the 60 PKR per US dollar due to higher inflation and economic pressure.
  • 2024: Devaluation of the rupee has continued since then, with 1 US dollar being greater than 280 PKR in the open market.

Dollar Rate History in PK: 1947 to 2024

A dollar rate history in Pakistan 1947 to 2024 reveals that the PKR value was influenced by geopolitical happenings, fiscal policies, and global economic environments. The rupee was stronger in the beginning, but years of inflation, trade deficits, and external debts weakened its position against the dollar.

The exchange rate of 1 USD to PKR in 1947 was just the beginning of the journey of the currency of Pakistan. Economic challenges over the years have caused a sustained fall. The historical records of USD to PKR help trace Pakistan's economic evolution and the factors that influence its economy today.

USD to PKR History 1947 to 2024

  • 1 USD to PKR in 1947: 1 USD=3.31 PKR.
  • 1948 1 USD=3.31 PKR.
  • 1949 1 USD=3.31 PKR.
  • 1950 1 USD=3.31 PKR.
  • 1951 1 USD=3.31 PKR.
  • 1952 1 USD=3.31 PKR.
  • 1953 1 USD=3.31 PKR.
  • 1954 1 USD=3.31 PKR.
  • 1955 1 USD=3.91 PKR.
  • 1956 1 USD=4.76 PKR.
  • 1957 1 USD=4.76 PKR.
  • 1958 1 USD=4.76 PKR.
  • 1959 1 USD=4.76 PKR.
  • 1960 1 USD=4.76 PKR.
  • 1961 1 USD=4.76 PKR.
  • 1962 1 USD=4.76 PKR.
  • 1961 1 USD=4.76 PKR.
  • 1962 1 USD=4.76 PKR.
  • 1963 1 USD=4.76 PKR.
  • 1964 1 USD=4.76 PKR.
  • 1965 1 USD=4.76 PKR.
  • 1966 1 USD=4.76 PKR.
  • 1967 1 USD=4.76 PKR.
  • 1968 1 USD=4.76 PKR.
  • 1969 1 USD=4.76 PKR.
  • 1970 1 USD=4.76 PKR.
  • 1971 1 USD=4.76 PKR.
  • 1972 1 USD=11.01 PKR.
  • 1973 1 USD=9.99 PKR.
  • 1974 1 USD=9.99 PKR.
  • 1975 1 USD=9.99 PKR.
  • 1976 1 USD=9.99 PKR.
  • 1977 1 USD=9.99 PKR.
  • 1978 1 USD=9.99 PKR.
  • 1979 1 USD=9.99 PKR.
  • 1980 1 USD=9.99 PKR.
  • 1981 1 USD=9.99 PKR.
  • 1982 1 USD=11.85 PKR.
  • 1983 1 USD=13.12 PKR.
  • 1984 1 USD=14.05 PKR.
  • 1985 1 USD=15.93 PKR.
  • 1986 1 USD=16.65 PKR.
  • 1987 1 USD=17.4 PKR.
  • 1988 1 USD=18 PKR.
  • 1989 1 USD=20.54 PKR.
  • 1990 1 USD=21.71 PKR.
  • 1991 1 USD=23.8 PKR.
  • 1992 1 USD=25.08 PKR.
  • 1993 1 USD=28.11 PKR.
  • 1994 1 USD=30.57 PKR.
  • 1995 1 USD=31.64 PKR.
  • 1996 1 USD=36.08 PKR.
  • 1997 1 USD=41.11 PKR.
  • 1998 1 USD=45.05 PKR.
  • 1999 1 USD=51.90 PKR.
  • 2000 1 USD=51.90 PKR.
  • 2001 1 USD=63.5 PKR.
  • 2002 1 USD=60.5 PKR.
  • 2003 1 USD=57.75 PKR.
  • 2004 1 USD=57.8 PKR.
  • 2005 1 USD=59.7 PKR.
  • 2006 1 USD=60.4 PKR.
  • 2007 1 USD=60.83 PKR.
  • 2008 1 USD=81.1 PKR.
  • 2009 1 USD=84.1 PKR.
  • 2010 1 USD=85.75 PKR.
  • 2011 1 USD=88.6 PKR.
  • 2012 1 USD=96.5 PKR.
  • 2013 1 USD=107.2 PKR.
  • 2014 1 USD=103 PKR.
  • 2015 1 USD=105.20 PKR.
  • 2016 1 USD=104.6 PKR.
  • 2017 1 USD=110.01 PKR.
  • Dollar to PKR in 2018
  • 2019 1 USD=163.75 PKR.
  • 2020 1 USD=168.88 PKR.
  • 2021 1 USD=179.16 PKR.
  • 2022 1 USD=225.40 PKR.
  • 2023 1 USD=281 PKR.
  • 2024 1 USD=279 PKR.

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Reviews & Comments

If the dollar rate stayed low, we would also be doing well. Pakistan has fallen far behind. A stable economy could have helped us grow.

  • By: Naeem, sargodha

I was reading an article and suddenly noticed the latest news appearing at the side.It was great to see updates in real-time, just like on social media.

  • By: Ruqaiya, Lahore

When I was born, the dollar rate was 53, and just like me, it kept increasing over the years. I’m really surprised to see how much it has gone up since then.

  • By: Khurram, Faisalabad

The exchange rate of USD 1 to PKR 3.31 was due to significant borrowing during Pakistan's early years. Unfortunately, today Pakistan struggles to appear truly independent in many respects. It’s disheartening to see how far the country has drifted from the vision of self-reliance.

  • By: Saima, Faisalabad

The Reason for USD 1 to PKR 3.31 was because of huge borrowing at the time of the establishment of Pakistan.Sadly today Pakistan doesn't even feel like an independent nation from any prospective.

  • By: Mastershoka, Karachi

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