The exchange rate between the United States Dollar (USD) and the Pakistani Rupee (PKR) fluctuates frequently ¹. As of May 17, 2024, the exchange rate for USD to PKR stands at 1 USD = 278.55 PKR ².
USD to PKR Exchange Rate History
In 1947, when Pakistan gained independence, the exchange rate was fixed at 1 USD = 4.76 PKR ².
Factors Influencing USD to PKR Exchange Rate
The exchange rate is influenced by various factors, including economic indicators, political stability, and global events ².
Impact of USD to PKR Exchange Rate
The USD to PKR exchange rate significantly affects various aspects, including:
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International Trade: The exchange rate determines the cost of imports and exports between the United States and Pakistan.
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Investments: The exchange rate influences the value of investments made by individuals and businesses in both countries.
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Remittances: The exchange rate affects the value of remittances sent by overseas Pakistanis to their families in Pakistan.
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Tourism: The exchange rate influences the cost of travel and tourism between the two countries.
Conclusion
In conclusion, the USD to PKR exchange rate is a crucial factor in determining the economic and financial relationships between the United States and Pakistan. Understanding the exchange rate and its fluctuations is essential for individuals and businesses involved in international trade, investments, remittances, and tourism.
FAQs
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What is the current USD to PKR exchange rate?
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As of May 17, 2024, the exchange rate stands at 1 USD = 278.55 PKR.
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What was the exchange rate in 1947?
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In 1947, the exchange rate was fixed at 1 USD = 4.76 PKR.
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How does the exchange rate affect international trade?
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The exchange rate determines the cost of imports and exports between the United States and Pakistan.
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