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.
Click here for rupee exchange rates vs US dollar from 1948 to 2009
Click here for rupee exchange rates vs US dollar from May 2008 to December 2017
Click here for exchange rates from March 2018 to December 2019
Inter bank and open market rates from January 2020 onward
| Date | Interbank-buy | Interbank-Sell | Open-Buy | Open-Sall |
| 3-Jan-2020 | 154.85 | 155.36 | 154.40 | 155.10 |
| 23-Jan-2020 | 154.56 | 154.66 | 154.50 | 154.80 |
| 10-Mar-2020 | 156.93 | 157.70 | 156.00 | 157.00 |
| 26-Mar-2020 | 165.63 | 166.13 | closed | closed |
| 3-Apr-2020 | 166.00 | 166.50 | – | – |
| 8-Apr-2020 | 168.00 | 168.50 | 166.32 | 176.19 |
| 9-Apr-2020 | 167.75 | 168.25 | 166.07 | 169.93 |
| 21-Apr-2020 | 163.35 | 163.85 | 161.72 | 165.49 |
| 22-Apr-2020 | 161.00 | 161.50 | 159.39 | 163.12 |
| 24-Apr-2020 | 160.50 | 160.80 | 158.60 | 162.31 |
| 29-Apr-2020 | 161.70 | 162.20 | 160.08 | 163.82 |
| 5-May-2020 | 159.65 | 160.15 | 159.00 | 160.00 |
| 19-May-2020 | 160.00 | 160.50 | 159.70 | 161.30 |
| 29-May-2020 | 161.85 | 162.35 | 161.00 | 162.70 |
| 6-June-2020 | 163.20 | 164.00 | 163.00 | 164.50 |
| 15-June-2020 | 164.25 | 164.75 | 164.00 | 165.50 |
| 23-June-2020 | 166.70 | 167.20 | 166.00 | 167.50 |
| 26-June-2020 | 167.40 | 167.90 | 167.00 | 168.50 |
| 2-July-2020 | 167.00 | 167.30 | 167.00 | 168.30 |
| 9-July-2020 | 166.75 | 167.25 | 166.50 | 168.00 |
| 22-July-2020 | 167.90 | 168.40 | 167.00 | 168.50 |
| 31-August-2020 | 167.00 | 167.50 | 167.00 | 168.00 |
| 21-Oct-2020 | 162.20 | 162.70 | 162.00 | 163.00 |
| 3-Nov-2020 | 160.00 | 160.50 | 159.00 | 160.00 |
| 22-March-2021 | 155.90 | 156.40 | 155.50 | 156.50 |
| 1-April-2021 | 152.80 | 153.30 | 152.20 | 153.50 |
| 23-April-2021 | 153.50 | 154.00 | 153.80 | 154.80 |
| 27-April-2021 | 154.15 | 154.50 | 154.30 | 155.30 |
| 28-May-2021 | 154.85 | 155.35 | 154.50 | 156.00 |
| 28-June-2021 | 157.65 | 158.15 | 158.00 | 159.00 |
| 24-July-2021 | 161.45 | 161.95 | 161.50 | 163.00 |
| 6-August-2021 | 163.25 | 163.75 | 162.80 | 163.80 |
| 26-August-2021 | 166.20 | 166.70 | 165.80 | 166.80 |
| 10-Sep-2021 | 167.60 | 167.70 | 168.00 | 168.40 |
| 14-Sep-2021 | 168.15 | 168.25 | 168.40 | 168.80 |
| 15-Sep-2021 | 168.90 | 169.00 | 169.20 | 169.60 |
| 29-Sep-2021 | 169.90 | 170.40 | 172.00 | 172.80 |
| 5-October-2021 | 170.80 | 171.30 | 171.50 | 172.50 |
| 12-Nov-2021 | 175.73 | 175.83 | 177.80 | 179.50 |
| 18-Dec-2021 | 177.75 | 178.25 | 181.30 | 182.30 |
| 8-Jan-2022 | 176.35 | 176.85 | 178.10 | 179.30 |
| 9-Feb-2022 | 174.25 | 174.75 | 174.90 | 176.75 |
| 1-April-2022 | 183.90 | 184.40 | 184.20 | 185.70 |
| 7-April-2022 | 187.00 | 187.5 | 186.25 | 188.00 |
| 20-April-2022 | 185.70 | 186.20 | 183.60 | 185.30 |
| 25-April-2022 | 185.70 | 186.20 | 185.25 | 187.00 |
| 10-May-2022 | 187.45 | 187.95 | 186.00 | 190.00 |
| 11-May-2022 | 188.65 | 189.15 | 189.00 | 191.50 |
| 16-May-2022 | 192.60 | 193.10 | 193.00 | 195.00 |
| 17-May-2022 | 195.10 | 195.60 | 195.00 | 197.00 |
| 25-May-2022 | 201.80 | 202.30 | 202.00 | 204.00 |
| 3-June-2022 | 197.45 | 197.95 | 196.40 | 198.50 |
| 7-June-2022 | 200.90 | 201.40 | 202.00 | 204.00 |
| 15-June-2022 | 205.50 | 206.00 | 206.00 | 208.00 |
| 18-June-2022 | 208.50 | 209.00 | 209.00 | 211.00 |
| 22-June-2022 | 211.25 | 211.75 | 213.50 | 215.50 |
| 20-July-2022 | 224.50 | 225.00 | 224.00 | 227.00 |
| 21-July-2022 | 226.75 | 227.25 | 224.00 | 227.00 |
| 28-July-2022 | 236.50 | 237.00 | 243.00 | 246.00 |
| 29-July-2022 | 239.50 | 240.00 | 246.00 | 250.00 |
| 10-August-2022 | 221.5 | 222.00 | 216.00 | 222.00 |
| 24-August-2022 | 218.00 | 218.50 | 223.00 | 226.00 |
| 29-August-2022 | 221.40 | 221.90 | 229.50 | 232.00 |
| 14-Sep-2022 | 234.32 | 234.82 | 238.20 | 239.00 |
| 3-December-2022 | 223.50 | 224.00 | 229.40 | 231.40 |
| 10-December-2022 | 224.25 | 224.75 | 230.00 | 232.00 |
| 21-December-2022 | 225.00 | 225.50 | 232.25 | 234.50 |
| 29-December-2022 | 226.25 | 226.75 | 233.50 | 235.50 |
| 3-January-2023 | 226.76 | 227.11 | 233.50 | 235.50 |
| 11-January-2023 | 227.76 | 228.11 | 233.25 | 235.50 |
| 21-January-2023 | 229.65 | 230.65 | 237.75 | 240.00 |
| 25-January-2022 | 230.48 | 231.00 | 250.50 | 252.50 |
| 26-January-2023 | 254.75 | 259.75 | 253.50 | 255.00 |
| 30-January-2023 | 270.00 | 272.00 | 268.00 | 270.50 |
| 2-March-2023 | 283.00 | 285.50 | 287.00 | 289.00 |
| 19-March-2023 | 284.03 | 285.50 | 283.20 | 286.00 |
| 5-April-2023 | 287.85 | 290.00 | 289.50 | 292.00 |
| 23-May-2023 | 287.73 | 288.23 | 309.00 | 312.00 |
| 31-mAY-2023 | 285.45 | 285.55 | 309.00 | 312.00 |
| 17-August-2023 | 294.53 | 294.83 | 302.00 | 304.00 |
| 25-August-2023 | 300.80 | 301.50 | 314.30 | 317.30 |
| 29-August-2023 | 303.00 | 303.80 | 320.00 | 323.00 |
| 31-August-2023 | 305.55 | 306.50 | 322.00 | 325.00 |
| 10-November-2023 | 286.75 | 287.55 | 287.00 | 289.50 |
| 1-December-2023 | 284.47 | 284.97 | 285.15 | 287.95 |
| 2-January-2024 | 281.50 | 282.00 | 280.90 | 283.65 |
| 2-February-2024 | 278.91 | 279.41 | 279.90 | 281.85 |
| 16-February-2024 | 279.28 | 279.53 | 279.25 | 282.00 |
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.
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
@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.
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.
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.
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… 🙂
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.
@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
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
I need your comments abt us dollar rates in coming week as imf aproved next instalment.
Rrgard
To my understanding exchange rate may stabilize for some time but in the long run, the decline will continue as usual.
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.
@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
All Bastards have problem with Punjabi like self proclaimed sick minded wizard haroon
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.
Thanx a Lot i need this information which i got from this website.
General Musharaf really manage the economy well, from forex reserves of about 500 Million Dollars to 16 billion Dollars and Foreign debt from 40 Billion dollars to 36 Billion Dollars i.e. -4 Billion Dollar in his era wasrmarkable achievement and stable Dollar @ 60 approximately. I pray He comes again and again and help pakistan Economy.
the only mistake done by mr. musharraf was that he opened the private channels, the 2 parties who says they r champion of democracy they did not give permission to open private channels in theis 11 years era & mostly all private channels belong to nawaz sharee or with ppp the 2nd thing which go against the musharraf was his language , he speaks the language which is his mother tounge as well as national language
If he was oppressed against because he a muhajir or “urdu speaker” then how did he rise to the top. Get rid of this muhajir victim mentality. It’s really getting old, and it STINKS.
Quite right.
I agree with you except your last lines
1st Time $ Price going to Decrease In Pakistan……. In the duration of Gen…. dollar Increase 50 to 62~63 …… you think 13 Rupee shows stability???? In Just 11 month KSC business Increase aprx 47billion $ to 70 billion $………….23billion $ a huge amount …. KSC 100 index…19900 to 29000……… can you imagine its change more than of 5 years of PPP……
Ameen. I agree He is brave and honest person. He is knowledgeable and realistic personality but unfortunately the uneducated Pakistani nation can not understand there own benefit.
Exchange rate always remains a issue in our country . what we need is to see what are the reasons causing rapid fluctuation in exchange rate in the country. The following are the main factor influence the exchange rate.
1- interest rate 2-Political stability 3- Economic stability 4- Fiscal and Monetary Policy
Interest rate is one of the factor which plays vital role in the demand and supply of the foreign exchange. International investor incline to invest in the country where rate of interest is high , as such in the prevailing scenario of declining interest rate inflow of direct investment declining leading to shortage of supply of exchange in Pakistan resulting to which rupee value decreasing day by day.
I would say yes and no to the interest argument. I beleive its more to do with the politically instability and law and order, that effects foreign investment and investors confidence, at this movement there is more outflow of foreign currency out of the country as there is no goverment who is willing to solve peoples problem. Unless we see this as a serious situation and takes things in our hand before its too late to regret. Strong measures to take to overhaul the whole machinery, the deep rooted corruption needs to be be eradicated, rule of law to be restored, why the industries are moving out of the country or the existing ones are getting closed, because of no infrastructure, power breakdowns, kidnappings, extortion and the list goes on, who is responsible offcourse first the govt if they are corrupt then the armed forces need to intervene and yes if they are corrupt too then God helps the country. The budget needs to be balanced not much emphasises on putting more money on defence expenditure rather then focus on education, universities, hospitals, power etc. Revenue generation measure to enforce Tax revenue system needs to be revisited. Relationship with the west needs some work to be done and there are many other challenges, Pakistan has bunch of problems that needs to be address yes the growing number of population. I would say Musharaf era was a golden ear and by far the best even though how much people criticize now the opportunity seems to have been lost for ever, the currenty was stable now its on a free fall, God helps Pakistan.