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How much was 1 USD to PKR in 1947?

 

Pakistani Currency In 1947

USD to PKR in 1947
Pakistani Notes
This is a popular outrage these days on Social Media that how the Pakistan Rupee was equal to 1 US dollar on 14th August 1947. Unfortunately, it is not correct. Exchanging 1 USD to PKR in 1947 would not have got you 1 Rupee exactly. In 1947 when Pakistan gained its independence, there were no outside borrowings on the balance sheet of Pakistan; thus, the value of the Pakistan Rupee was at parity with US Dollar. Since Pakistan was under British rule Rupee was pegged to British Pounds.

1 Pound to PKR in 1947
1 Pound to PKR in 1947
The dollar and Rupee were never equal in 1947 or any other century. When Pakistan got independence in 1947, its currency was pegged to Pound. The exchange rate was a shilling and six-pence for a Rupee, and when you convert it, it works out to be around 13.33/Pound Sterling. So at the time of Pakistan’s independence, 1 GBP to PKR was equal to 13.33 Pakistan Rupees. One British Pound in 1947 was equivalent to 4.03 US Dollars, and comparatively, 1 USD to PKR in 1947 was equivalent to Rs 3.31.
1 USD to PKR in 1947
1 USD to PKR in 1947

Pakistani Rupee Against US Dollar from (1947-2022)

(Low)
Pakistani Rupee Against US Dollar from (1947-2022)
Pakistani Rupee Against US Dollar from (1947-2022) Low

(High)
Pakistani Rupee Against US Dollar from (1947-2022)
Pakistani Rupee Against US Dollar from (1947-2022) High


Pakistani Rupee Against British Pound from (1947-2022)

(Low)
Pakistani Rupee Against British Pound from (1947-2022)
Pakistani Rupee Against British Pound from (1947-2022) Low

(High)
Pakistani Rupee Against British Pound from (1947-2022)
Pakistani Rupee Against British Pound from (1947-2022) High


Timeline of Pakistani Rupee Again US Dollar and British Pound From 1947 to 2022

Timeline of Pakistani Rupee Again US Dollar and British Pound From 1947 to 2022

source of this article: Pakistan Currency 

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