Pakistani Rupee’s Record Slide Versus US Dollar

Posted on May 25, 2008
Filed Under >Owais Mughal, Economy & Development
33 Comments
Total Views: 56244

Owais Mughal

Pakistan 5000 Rupee note

According to money central at msn, Pakistani Rupee was traded at US $68.25 today. Just around January of 2008, Rupee was quite steady at around 61 rupees to a dollar but in the past 4 months, the depreciation has been alomst 10%. That too at a time, when US dollar is also weakening as compared to other major curencies of the world. Following graph shows Rupee’s one year comparison versus the US dollar.

Pakistan Rupee U.S. dollar rate

On May 23, 2008, ONE Unit of other currencies was equal to following number of rupees:

1 Australian Dollar = 65.64 Pakistani Rupees
1 Bangladesh Takka = 0.99 Pakistani Rupees
1 Canadian Dollar = 69.09 Pakistani Rupees
1 Chinese Yuan = 9.84 Pakistani Rupees
1 Euro = 107.73 Pakistani Rupees
1 Indian Rupee = 1.6 Pakistani Rupees
1 Iraqi Dinar = 0.06 Pakistani Rupee
1 Kuwaiti Dinar = 257.58 Pakistani Rupees
1 Saudi Rial = 18.23 Pakistani Rupees
1 Thai Baht = 2.12 Pakistani Rupees
1 UAE Dirhan = 18.61 Pakistani Rupees
1 Zimbabwe Dollar = 0.002 Pakistani Rupees

Following graph is the 5-year view of Pakistani rupee versus the US dollar. One can easily note the alarmingly sharp decline in the value of Rupee in the last few months.

Pakistan rupee u.s. dollar 5 year chart

Following graph shows Rupee’s sharp decline as of August 7, 2008

References:

1. Money central, msn
2. Yahoo Finance

33 responses to “Pakistani Rupee’s Record Slide Versus US Dollar”

  1. t mobiles says:

    Thank you for the information. Great job you have done and keep it up.

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  2. arif khan says:

    believe in your better nature,get rid of the fraudsters parading as politicians;they will bite the hand that feeds them,start paying your taxes in full and set up human rights..love your countrymen..too often i see that they resent each other at home and abroad this weakens you as a people because you run away from trouble rather than run to help your fellow man..each thinks they are of better or noble birth and look down their noses..your all pakis as far as the world is concerned..untrustworthy,filthy,rotten,cowards and racist to the core..you’re all benefit cheats in the uk and yet you hate the white mans system of equality,go back home and start a just movement,sitting on your hands here makes you sterile in both lands

  3. President of Pakistan ( http://www.adsense.pk )
    Regards,
    M IMRAN YOUSAF-19105

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