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, …

Pakistan rupee loses strength against dollar: gold rates 20-Jan-09

KARACHI: The national currency lost heavily against the dollar in the inter-bank market, dealers said on Monday. The American currency commenced the day’s trading at Rs 79.30 for buying, witnessed a massive gain and closed at Rs 79.60 for buying and Rs 79.65 for selling. Thus, the local currency recorded …