Overseas Pakistani Friends

A blog of overseas Pakistani friends

02
May

Historical chart of Pakistan rupee exchange rate vs. US dollar

Following is the chart of rupee exchange rates against US dollar. It is interesting to see that between 2001 and 2007, the exchange rate remained almost the same but with the start of rise in oil prices and lawyers movement in Pakistan, the rupee totally collapsed.

In my personnel opinion, the major contributory factor in damaging the Pakistan economy is the lawyer’s movement otherwise, we would have managed to cope with the high oil prices and world economic crisis.

In coming days and months, a lot of money inflow is expected but I am afraid, the financial mismanagement will eat up all those resources as well.

 

Date/year

Currency

Selling TT & OD

Buying TT Clear

Buying OD/T.CHQ

30-Jun-1999

UD$

51.9

51.4

51.3703

29-May-2000

UD$

51.9

51.4

51.3747

30-May-2001

UD$

63.5

63

62.88

30-May-2002

UD$

60.5

60

59.92

30-May-2003

UD$

57.75

57.55

57.47

29-May-2004

UD$

57.8

57.6

57.52

30-May-2005

UD$

59.7

59.5

59.39

30-May-2006

UD$

60.4

60.2

60.07

30-May-2007

UD$

60.83

60.63

60.46

30-May-2008

UD$

67

66.8

66.62

30-Apr-2009

UD$

80.45

80.25

80.07

 

Monthly Chart from May 2008

Country   Currency Selling TT & OD Buying TT Clear Buying OD/T.CHQ
9-May-08 UD$ 67.5 67.3 67.12
9-Jun-08 UD$ 67.45 67.25 67.07
9-Jul-08 UD$ 71.2 71 70.81
9-Augl-08 UD$ 72.4 72.2 72.04
9-Sep-08 UD$ 76.2 76 75.83
9-Oct-08 UD$ 79.45 79.25 78.91
10-Nov08 UD$ 81.1 80.9 80.66
11-Dec–08 UD$ 78.7 78.5 78.28
9-Jan–09 UD$ 79 78.8 78.6
9-Feb-09 UD$ 79.4 79.2 78.99
9-Mar-09 UD$ 80.6 80.4 80.22
9-Apr-09 UD$ 80.5 80.3 80.12
9-May-09 UD$ 80.35 80.15 79.97
4-Jun-09 UD$ 80.6 80.4 80.22
9-July-09 UD$ 81.5 81.3 81.12
8-Aug-09 UD$ 82.3 82.1 81.92
8-Sep-09 UD$ 83.1 82.9 82.72
8-Oct-09 UD$ 83.2 83 82.82
10-Nov-09 UD$ 83.6 83.4 83.22
8-Dec-09 UD$ 84.1 83.9 83.72
8-Jan-10 US$ 84.85 84.65 84.47
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16 Responses to “Historical chart of Pakistan rupee exchange rate vs. US dollar”

  1. 1
    Ather Hussain Says:

    Thanx a Lot i need this information which i got from this website.

    [Reply]

  2. 2
    Raheem Says:

    Athar sahib
    Thanks for the encouraging words.My only aim to run this website is to provide useful information to Pakistani friends.Any suggestions/recommendations from friends to make the website more informative and useful are very much welcomed.

    [Reply]

  3. 3
    adnan Says:

    You’ve not shown the trends of those years before 1999. Have you forgot that period during which our currency was devalued by our Prime Minister, Mr. Nawaz sharif and the dollar went up from 35 to 60 rupees?????? at that time, there was no lawyer movement, nothing at all, but one stupid finance minister Mr. Ishaq Dar who caused all this and Nawaz Sharif was the one approving this decision of him.

    [Reply]

    Haroon Reply:

    @adnan, Thank you Adnan for pointing out a forgotten episode. Nation has very poor memory and todays devil after some time becomes an angel. Pakistani nation has become poor by 40% (Devaluation of Currency from 60 to 84 Now Because of the lawyers movement).
    Decision of Fraud Justice Iftikhar has costed Pakistan bad Reputation in the foreign Investment but now Steel Mill Losses of 32 Arab Rupees should be paid by Fraud Justice.
    An Illiterate nation and Emotional Mob will never understand Logic & Reasons. For reasoning a person must have the knowledge and the patient to listen and understand. All those stupid So called Punjabi Conservatives promoting Nawaz Sharif as the new Savior will very soon start blaming him for every thing. The time will move on. Other nations will achieve prosperity and Pakistani Mob will keep on blaming others for their Own Mistakes. Thank you and I do Understand your feelings

    [Reply]

  4. 4
    Tahir Says:

    Hi Guys,

    I need 02
    May Historical chart of Pakistan rupee exchange rate vs. GB Pound, if you can email me at tahir-kashmiri@hotmail.com

    Thanks

    Tahir

    [Reply]

  5. 5
    Tanweer Says:

    One indicator of democracy and dictatorship in Pakistan is the variation of dollar rate. If you see that the currency is stable, I bet we are under a dictator rule, because we are under a lot of benefits from the US for facilitating in a lot of kickbacks. May be we would be improving our relation with Israel, or assisting the NATO forces in the US war on terror.
    The variation in dollar during the Nawaz regime was the impact of tests we performed on 28 May 1998. Nawaz would have thought it would be better to do the tests and get cursed then being cursed by not doing the tests.

    [Reply]

    Haroon Reply:

    @Tanweer, What is Dictatorship? To my understanding when One Person starts taking Decisions on his own. What do you think who is not Dictator? Your Father? You? Your Nazim? Your MNA? MPA? YOUR BOSS? NAWAZ SHARIF (YOUR HERO)? Whom you will blame for every thing when he will get the absolute power? Zardari? Who can be called all the names Like Cheat, Fraud, But not Dictator because of the circumstances and his previous reputation Though he aspires to be so? So be little more intelligent and Stop Finding Angels on this earth. Angels only live in the heavens. Stop Making people evil. You are the product of Modern Mass Media manipulation naturally financed by the vested interest and commercial tycoons. What do you think Hamid Mirs, Shahid Massoods, Kamran Khans and thousands of other DICTATORS and law Violators were getting in 1999 and what benefits they are getting now? Just sit, Think, and you will your self have all the answers. I Hope you will not mind and read it with understanding and not emotions

    [Reply]

  6. 6
    momin Says:

    tanweer the point you just brought up is right on the dot, but also very demoralizing in its principal. the more this country tries to appease those trying to take advantage of it, the more the outer exchange rate seems to shine in Pakistan’s favor – when in actuality, it is merely a temporary diversion for other countries to succeed in having another ally to get their self-sufficing needs met.

    im currently in pakistan on vacation, and i can’t help but feel guilty taking advantage of this ridiculous exchange rate from dollars to rupees. but on the other side, it makes living in this terrible heat just a bit easier… :)

    [Reply]

  7. 7
    Haroon Says:

    As is clear from every Pakistani has become poor in Dollar Term by 40% From the Date of Iftikhar’s Personal adventure and the fall back originating because of the event (Lawyers Movement So called. This is the payment which every body has paid but people still are not ready to analyse. What they have done to themselves. Lal masjid, ATTA, Bugti Death, And Iftikhars Episode. Public was in all cases against Musharaf but actually they were not opposing Musharaf they were opposing their own children’s future.
    We always heard the snake eats its own eggs. What the Pakistani nation has done and the snake does is no different.

    [Reply]

  8. 8
    Haroon Says:

    Regarding Mr Tanweer’s 7th July Post:
    Has Mr Tanweer Ever Been to USA, What type of Education he had or what Literature he read to give such conclusive statements or what type of international interaction or policy experiences he had? Such thinking and people are our biggest problem and as long as they think as majority of nation think and If people of IQ level of Mr Sharif have followers then God Bless Pakistan.

    [Reply]

  9. 9
    Well-Wisher Says:

    tx for the chart :)

    but reviews of so-called US literate made me reply ..

    i work in US based company .. and basically provide support .. 70% of australian based clients cancelled their accounts with us because Australian dollars was 40% devalued ..
    that is probably because of lawyer movement too ..
    what a lame assumptions people had …

    and no Haroon .. its people like you who are the problem ..
    what would your US education or Literature justify if their CJ is dragged on road and house arrested ?
    get off their US asses for a while

    Tanweer was right on his judgement ..
    if dollar would have been stable on strong economic infrastructure instead of some aids, privatization and pimping out our citizens .. it wouldnt have devalued ..

    just to remind you if people forgot .. stock exchange dropped from 16000 to 7000 in 2 days … that is enough to prove my point …

    ps: i hate every polititian or leader pakistan had .. still hate the musharraf most

    [Reply]

    Haroon Reply:

    @Well-Wisher, I am forced to clear some issues and ASSUMPTIONS OF WELL WISHER.
    I was never educated or worked in USA on the contrary I was educated in PECHS COLLEGE Karachi, National College Karachi and Got my Masters from Punjab University in Economics.
    In our Nation we have millions of well wishers and they have one thing in common that they always ASSUME(Inspite of any Experience or back ground Knowledge). They always give extreme statements with out any supporting materials and stand by their statements inspite of all the logic.
    Our KNOW EVERY THING attitude is destroying our children future. Attaat (to obey) is part of our Religion but we talk about rights and forget the basic principle of Citizenship. Our Sitting Leader is always the worst person and we are always the angel. Every Leader and their Present day ANGEL NAWAZ SHARIF was blamed by such MR RIGHTS. To prosper every nation must be literate, Skilled, and Productive. Nation must have the consensus on its vision. But our thinking is changing everyday like Mob. Because we are a mob and do not act like a nation.They are all the off springs of efforts of our enemies who do not want to see a stable, prosperous Pakistan. They are actually working against them. Beggars can not be the Choosers. During their ANGELS Tenure one Gujranwala Boy was Transported to Germany by Their Angels Government Inspite of Court Orders For DISGRACING THE PROPHET MUHAMMAD PBUH. I mean to say that economically dependent nations are not politically Independent. For Economic Prosperity we need stability and the biggest enemies of Stability are These MR KNOW ALL and MR ALWAYS RIGHT.

    [Reply]

  10. 10
    Hassan Says:

    We need to learn how to love, not to hate. Suicide bombings and lawer movement damage our economy, we accept or not that is other thing but reality is reality.We have to honestly find our weeknesses and rectify otherwise we shall not be able to survive as a nation.We need educate our people so that they do not accept corrupt politicians and generals.

    [Reply]

  11. 11
    John Says:

    “Democracy is not the way”
    I read on here all your comments, and im lost for what to say.
    Over the last 200 or so odd years, you could say the europeans have done a outstanding job of eliminating what was , (lets say left of islam)
    Weather you goto school or madrasa etc, system is preatty twisted, what principles are you teaching, learning??? even if you call it islamic school, but the principles being taught dont seem much to follow your islamic religion,
    This is not easy to understand, so here a tip of the iceberg example, if you speak a totally different languages you may just understand it,
    so here it goes,
    If your in pakistan say you speak urdu, so you communicate in urdu , think in urdu, ( important your thinking in urdu)
    Now if your in uk, usa etc you speak and think in english you will think in english and so on,
    Hence if we now try to understand this concept religion is the same, when you need to do something you think what does my religion say about the matter under disscusion etc,
    I could wright a book on the subject no do we have space or time here togo into it here,
    But as you try to see, this is not what happens when it comes to islam, what does happen is that, people do either what they want, feel what they want to do, what there mind tells them, (with the little knowledge they have) follow people simply because of greed, or there scared of them , or some what ever agenda they have,
    How many of us actually take the time to see what islam says on the subject of what where about to do,
    We have gone so far away from understanding our own religion , that all we do know is totally agaisnt what islam says, we sit around thinking we know it all, sit around all day backbiting joking and telling tales, etc, we talk as if we know about everything, is that not so???
    you could say the job has been well done of just about wipping the knowledge of islam from us,
    But all is not lost, why , well because you dont have to take a donkey any more to get one hadith from baghdad, no, no, no, my friends, the answers are in the Quran and in the Hadiths,
    Before you all start saying there are so many sects in islam well, this was already foretold,
    So instead of listening to your imams there is no harm in you picking up the good book and reading it with translation so you understand it, then you read it again and again until you understand because this is not something you can eat on the first day and get to now it,
    And to those of you imams or not imams who think suicide are allowed, they are not allowed in islam , it makes no differnt if you kill yourself with a knife, or sword, or a car or any other form of item, suicide in islam not allowed, let me say it again not allowed, why becuase its your hand and you cannot take your own life,
    And i would point out one surah, please go and read surah, alhumazah, its a samll surah, but a very strong one at that, it is about backbiting, about talking about people behind there backs, and this i must say goes on alot, again i could wright a book on this surah, but you can just read the explanation and translation from “IBIN thamiyah” he was a knowlegdable scholar,
    And now may Allah (swt) forgive me for saying anything which i may have said about islam, mistankly,
    And may Allah (swt)guide us all to the true path , the path of the rightly guided caliphs and the companions of the prophet Muhammad (pbuh)

    [Reply]

  12. 12
    Zahid Khan Khosa Says:

    Worst times have arrived therefore Mr. 10% (ten percent) have become leaders of our beloved country. I will not go into the details how corrupt our leaders are. Along with corruption they don’t care if poor people live or die. Zardari and his government have sold our country for few dollars and now our national interests are also on sale by him. When I think about the situation in Pakistan my heart really goes, looking at the necessity which Pakistani nation does not have, such as Sugar, Wheat flour, Electricity, Gas, jobs, clean drinking water and there is huge list of other necessities which Pakistani nation does not enjoy. However leaders of Pakistan have turned a blind eye to the problems of poor people. I always wonder that why Pakistan does not utilizes 18 billion people and produce various items which can later be sold in international market such as Airplanes, Fast Trains, Weapon technology and various other items. Leaders of Pakistan have pledged to neglect this nation and they are extremely busy filling their own pockets with stolen poor people’s money. I pray to God that the injustice vanishes soon and we see a real and authentic leader who can lead us through prosperity and happiness. I believe the leaders of Pakistan have failed to look after their country and they have failed to show care. We as a nation should unite together and raise against the ignorance we face today. Thank you

    [Reply]

  13. 13
    Hassan Says:

    Thank you for informative post. Dear Haroon I have one request please don’t be the part of differentiation propaganda that you’re punjabi and i m sindi we should proud to be Pakistan. :)

    [Reply]

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