Professional Documents
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US dollar
STATISTICS AND DWH DEPARTMENT
MONTHLY AVERAGE FOREIGN EXCHANGE RATE
(Pak Rupees Per US $)
Period
JUL
AUG
SEP
OCT
NOV
1998-992
46.2633
49.9277
50.0995
50.3784
1999-00
51.6067
51.6408
51.7284
51.7534
2000-01
52.5075
53.9820
56.1063
2001-02
64.0905
64.1157
64.1472
2002-03
59.7907
59.5102
2003-04
57.7432
2004-05
58.2777
2005-06
DEC
JAN
FEB
MAR
APR
MAY
50.7970
50.0558
49.8663
50.1240
49.9386
50.4115
51.0911
51.7017
51.7653
51.7647
51.7702
51.7962
51.7912
51.7911
51.7975
52.0452
58.1591
57.0032
57.9913
59.0639
59.6205
60.5224
61.0673
61.8291
63.4010
62.2097
61.1255
60.5836
60.2011
60.1611
60.1020
60.1232
60.1253
60.1246
59.2578
59.0530
58.5852
58.4162
58.1829
58.0811
57.8675
57.7757
57.7311
57.7429
57.7877
57.8093
57.5609
57.3342
57.3960
57.3993
57.3601
57.4495
57.4616
57.6753
57.9165
58.7934
58.9725
60.0311
59.9393
59.5478
59.4452
59.3525
59.3529
59.4031
59.5081
59.6673
59.6234
59.6547
59.7593
59.7108
59.7647
59.8076
59.8396
59.8855
60.0070
59.9979
60.0668
60.1618
2006-07
60.2711
60.3180
60.5037
60.5959
60.7282
60.8878
60.8780
60.7321
60.6927
60.7052
60.6718
60.6256
2007-08
60.3978
60.5145
60.6376
60.6795
61.0003
61.1798
62.3667
62.6185
62.7500
63.5556
67.6009
67.2563
2008-09
70.5896
74.2926
77.1668
80.4331
79.9239
78.9238
79.0856
79.4485
80.2355
80.3958
80.5268
80.9574
2009-10
82.0062
82.7716
82.8462
83.2176
83.4540
84.0021
84.5184
84.8991
84.3500
83.9386
84.3318
85.2844
2010-11
85.5031
85.6070
85.7618
85.9416
85.5440
85.7072
85.6778
85.3141
85.3380
84.6278
85.2122
85.7859
2011-12
86.0204
86.6211
87.4744
86.9655
86.9316
89.3402
90.1357
90.6186
90.7135
90.6345
91.2605
94.1151
2012-13
94.3779
94.4660
94.5877
95.3487
95.9926
97.1870
97.4720
97.9687
98.0605
98.3119
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 lawyers 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.
2012
Exchange rate in Pakistan was in a continues declining trend against US Dollar and other major currencies of the world since the
year 2012 started.
Most of the analysts were pointing out the raise of exchange rate due to oil transactions, when ever pak rupee forex rate loose its
JUN
strength against US Dollar rate, The other currencies also get impact lets have a view of the currency rates in Pakistan from the
beginning of Jan, 2012.
As per Inter Bank currency rates on Jan 3, Pak Rupee rate was on Rs. 89.8 selling and buying at Rs. 89.6 against Dollar rate,
Rs.116.52 selling and Rs.116.26 against Euro exchanges rate, Rs.24.45 selling and buying at Rs. 24.39 against UAE currency
rate, Rs. 139.45 selling and Rs.139.14 buying against Pond exchanges rate.
As per Jan 6 stats of the currency rates in Pakistan Pak Rupee was on Rs. 90.3 selling and buying at Rs. 90.1 against USD, Rs.
115.55 selling and Rs. 115.29 against Euro, Rs. 24.58 selling and buying at Rs. 24.53 against UAE Dirham, Rs. 140.01 selling
and Rs.139.7 buying.
Currency Market was closed on 7 and 8 Jan and the data was choppy during Jan 9 till today, the figures are in a passive passion
and a little recovery seen at Jan 11, Pak Rupee standing at Rs. 89.9 selling and buying at Rs. 89.7 against USD, Rs.114.56
selling and Rs.114.31 against Euro, Rs.24.48 selling and buying at Rs. 24.42 against UAE Dirham, Rs. 138.95 selling and
Rs.138.64 buying against British Pond