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Just looked at Pakistan's currency history and it's honestly quite a story. From 1947 to the mid-1950s, the rupee held steady at around 3.31 against the dollar, but then things started shifting. By the late 1950s, it had weakened to 4.76 and basically stayed there for over a decade.
What really caught my attention is the acceleration after 1972. The dollar rate in year 2000 in pakistan had already climbed to 51.90, but that was just the beginning of a much steeper decline. The 1990s saw rapid depreciation - from around 30 PKR per dollar in 1994 to over 50 by 2000. It's wild how much momentum that built up.
Then 2008 hit and things went crazy. By 2009 it was 84, and the trend just kept going. Fast forward to 2023 and we're looking at 286 PKR per dollar. That's roughly 86x weaker than where it started in 1947. The rupee's journey shows exactly why people got interested in alternatives like BTC and USDT - local currency volatility on that scale makes you think differently about money.
Currently sitting around 277 in 2024, but the broader pattern is clear. Decades of consistent depreciation against the dollar.