History of pakistani rupees and usa dollar

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ahmedy2j (ahmedy2j) 2008-09-22 21:37:00 +0600 #1

1955 Govn. Gen. Ghulam Muhammad.......$ 1=Rs. 4.70
1958-69 Self Appointed Feild Marshal Gen. Ayub Khan....$ 1=Rs. 4.70
1969- Gen. Ayub Handed over power to Gen. Yahya Khan.$ 1=Rs. 4.70
1971 WAR INDIA V/S PAKSITAN
1971-72 Zulfiqar Ali Bhutto(Shaheed) to Save Pakistan...$ 1=Rs. 11.00
1973-74 Z. A. Bhutto.......$1=Rs. 09.90
1977-82 Gen. Zia ul Haq.......$ 1=Rs. 10.84
1984 Gen. Zia...........$ 1=Rs. 15.36
1986 Gen. Zia..................$ 1=Rs.17.25
1988 Gen. Zia............$ 1=Rs.18.65
1989-90 Benazir Bhutto..........$ 1=Rs.21.90
1991 Nawaz Sharif...$ 1=Rs. 24.72
1993 Benazir Bhutto..$ 1=Rs.30.88
1996 Benazir Bhutto....$ 1=Rs.34.21
1997 Nawaz Sharif......$ 1=Rs.40.07
1999 Gen. Musharraf.......$ 1=Rs.50.10
2002 Gen. Musharraf........$ 1=Rs.63.00
2003 Gen. Musharraf...........$ 1=Rs.60.68
2007 Gen. Musharraf........$ 1=Rs.61.00
2008 Gen. Musharraf.........$ 1=Rs.63.00
2008 Gen. Mush,+PPP+PML(N)+ANP+MQM+ETC..Govt.........$ 1=Rs.78.00

aur aghay kahan tak jatay hai dollar muhje tou lagtay hai 100 cross keray ghaya dollar

Xeo (Xeo) 2008-09-22 22:02:00 +0600 #2

Until the 1980s the Pakistani rupee was pegged to the US dollar. So the numbers aren't quite really reflective of the rupee's decline.

portage1 (portage1) 2008-09-23 00:23:00 +0600 #3

guda guda for me when I visit Pakistan.. its mean I can buy lots of bun kabob....

shah_g_1 (shah_g_1) 2008-09-23 00:32:00 +0600 #4

2009 zardari izab-e-ilahi nawaz-issue jawaz ....$ 1=Rs.160.00

lol

s55 (s55) 2008-09-23 00:47:00 +0600 #5

AED is now 21.15 rupees, so for every 1 AED we will get 5.15 extra. Before Zardari it was 16, was hardly used to climb over 17.

zakeiiii (zakeiiii) 2008-09-23 06:52:00 +0600 #6

I lost alot of money due to this conversion rate. I bought a house for which I converted $ to Rs about three months ago in low rate but now it is 78.

pixelzeesh (pixelzeesh) 2008-09-23 07:19:00 +0600 #7

economy ki Wat laga dee is Zardari Doggy nay:)

Vajih102 (Vajih102) 2008-09-23 08:45:00 +0600 #8

The last one is hugely incorrect. the Rupee went up to 77/78 during the current government of the PPP. Also, shortly after 9/11 the rate shot down from Rs. 67/1US$ to Rs. 61 which the government maintained for several years. Nice info though. Just hope the topic remains clean without politics leading to a shut down.

ghostridermeister (ghostridermeister) 2008-09-23 10:26:00 +0600 #9

what one dollar is 78.00 pak rs

mobile_jin (mobile_jin) 2008-09-23 11:27:00 +0600 #10

The Government should take steps to stop it now. As they have stopped all kind of subsudies etc. they should to try to built Economy. Hope ZARDARI's Effect on Economy is positive. but i think its only a HOPE.

Ducati (Ducati) 2008-09-23 11:36:00 +0600 #11

@ahmedy2j

"1973-74 Z. A. Bhutto.......$1=Rs. 09.90
1977-82 Gen. Zia ul Haq.......$ 1=Rs. 10.84"

Hey I remember those days well. Nice thread mate though you did make me feel very old !

toofast (Ali) 2008-09-23 13:46:00 +0600 #12

@portage1
Thats what i was thinking:p

xtreme72 (xtreme72) 2008-09-23 13:56:00 +0600 #13

damn .... it will touch 100 in few dayz ....i wishd k aisa na ho per .... SUICIDE ATTACT n unstabilty .... n govt sayz WHO CAREZ (with their action)

iENGINEERING (iENGINEERING) 2008-09-23 14:03:00 +0600 #14

$$ kay bharhanay ke wajah kise ko maloom hey ??

jab kise b country ka statebank money ke production karta hey tu uthne malkyat ka sona (Gold) apnay banks may store karta hey hamaray yahan asa kuch scene nahe hey paisa pe paisa banta jata hey aur statebank dewalaya honay ko hota hey so phir hamko US say AID leni pharti hey ye sab un jageedaroon ka kya dhaara hey kay ee kaam aadme pora TAX pe aur jinke zameenay hain punjab may woh sirf 10 saal ka TAX legally pay sirf 5-10,000 rupay kartay hain ye RULE hey govt ka ye hey hamara mashallah say ayeen (Arctile) now.. about $$ ka rukna ub bohat mushkl hochuka hey ye 100 say b opar jayega!

PuNk (PuNk) 2008-09-23 14:04:00 +0600 #15

can any 1 tell why do the value of your currency falls. I dont think so less value means weak economy since Japan currency is too low too

Clubshaker_UK (Clubshaker_UK) 2008-09-23 14:05:00 +0600 #16

dayum...............

zianadeem1 (zianadeem1) 2008-09-23 14:20:00 +0600 #17

God help pakistan

ahmedy2j (ahmedy2j) 2008-09-23 17:19:00 +0600 #18

NEW GOVERMENT KI KOI PLAINING NAHIN NAZAR ATEY HAI MUHJE aur mainey suna hai city nazim karachi change hona walay hai mera kiyal mein mustafa kamal is doing great job (Y)

ahmedy2j (ahmedy2j) 2008-09-23 17:32:00 +0600 #19

Mera kiyal mein economy ko baitar bana ka liye step:yeh lainay chaiya

1.MORE INVESTMENT NEEDED
2.GENERATE MORE PRODUCTION
3.GENERATE REVENUE FROM CRICKET .BOARD,EDVERTISEMENT AGENCY
5.INTERNATIONAL CONFERENCE HONA CHAIYA SUB INVESTOR KA ITAMAD BHAL HOYA
7. LAW STRONG HONA CHAIYA
8. TAX MEIN THORI SEKHTI KERNI CHAIYA
9. INTERNATIONAL COMPANY KO PAKISTAN MEIN DAWAD DENI CHAIYA .
10. ELECTRICITY KI KOI PROBLEM NAHIN HONE CHAIYA

BHAAR SAY PAISAY PAKISTAN MEIN LANA CHAIYA AUR YEAH INVESTMENT KERNI CHAIYA UMEED AP LOGO KO MERI SUGGESTION ACCHI LAGAY GHAYI KASH KOI GOVERMENT KA BANDAY YEH SUGGESTION PERAY MUHJE ZAIDAY TOU MALOOM NAHIN HAI MAGER MAINEY APNI SOCH SAY LIKHA HAI MERI AGE 18YEARS HAI ?

Xeo (Xeo) 2008-09-23 22:39:00 +0600 #20

can any 1 tell why do the value of your currency falls. I dont think so less value means weak economy since Japan currency is too low too

I ain't no economist but exchange rates have the following characteristics.

If a currency of a country A is weak compared to country B then the exports of country A would be quite cheap in country B. That's one of the reason China keeps its currency artificially undervalued. Also in the 90s the "democratic" goverment used to frequently undervalue the Pakistani rupee to boost exports. Stupid Stupid move.
Exchange rates are usually determined through the actions of a free market (demand - supply). In Pakistan usually the currency rates are slightly manipulated by the SBP. So if the Pakistani currency is weakening, the SBP would flood the market with US dollars from its forex reservese. And vice versa if the rupee is strengthening.
It's always a good idea to have a steady exchange rate as it makes long-term strategic planning easy. Volatility in currency exchange rates is very harmful to the economy.
A lot of the fluctuations in the exchange rates is cause by speculators and not because of any genuine economic reasons.