Rise in the Dollar Value against the Rupee since 1993

[JibranAnsari]

benazir joined prime minister office for the second time on 19 october 1993

dollar was 8.71 rupees
and at the end of her reign on 5 november 1996
dollar was 40.07 rupees

nawaz sharif became prime minister on 17 february 1997
dollar was 40.07
and at the end of his reign
dollar was 51.82

then pervez musharraf came
and before the elections 2008
dollar was 62

and again under the ppp govt. dollar value has risen abruptly which is now 87.

 

[janbazali]

Re: rise in dollar value against rupee in different governments

now it is 90

nice analysis btw

 

[rana -]

Re: rise in dollar value against rupee in different governments

when i came to swiss 1993 swiss frank was 16 rupees and ther was 1 doller was almost 3 frank and now 2011 one swiss frank almost 100 rupees and doller against swiss frank 1.13 .

 

[Bilal_Mushi]

Re: rise in dollar value against rupee in different governments

The Pakistan Puree, devided into 100 Paisa, was devalued from an Official Rate of PRs3.31 to PRs4.76 per U.S. Dollar (WCY 1984, p. 585)

[TD="align: center"]1 July 1955[/TD]

[TD="align: right"]4.760[/TD]

The Rupee was devalued 56.7% in terms of gold to a new, unified Official Rate of PRs11.00 per U.S. Dollar. A 4.5% fluctuation range for the currency was also introduced. At the same time, the entire Export Bonus Voucher scheme with its complex of accessory rates was abolished. (WCY 1984, p. 585)

[TD="align: center"]11 May 1972[/TD]

[TD="align: right"]11.000[/TD]

The Rupee was devalued when the currency was unhitched from its link to the U.S. Dollar and the fixed Official Rate abolished. A controlled, floating Effective Rate for the Rupee, initially at PRs10.10 per U.S. Dollar, was established in relation to a trade-weighted basket of currencies. (WCY 1984, p. 585)

[TD="align: center"]8 January 1982[/TD]

[TD="align: right"]10.100[/TD]

[TD="align: center"]31 December 1985[/TD]

[TD="align: right"]15.980[/TD]

[TD="align: center"]31 December 1992[/TD]

[TD="align: right"]25.760[/TD]

[TD="align: center"]31 December 1995[/TD]

[TD="align: right"]34.280[/TD]

The multiple exchange system was unified. (IMF 2000, p.680) The rupp was floated only to be informally controlled by the State Bank of Pakistan within a narrow range of 52.10-52.30 rupees to the U.S. dollar. (CR2000, p.3)

[TD="align: center"] 19 May 1999
[/TD]

benazir joined prime minister office for the second time on 19 october 1993

dollar was 8.71 rupees
and at the end of her reign on 5 november 1996
dollar was 40.07 rupees

nawaz sharif became prime minister on 17 february 1997
dollar was 40.07
and at the end of his reign
dollar was 51.82

then pervez musharraf came
and before the elections 2008
dollar was 62

and again under the ppp govt. dollar value has risen abruptly which is now 87.