Pakistan - Official exchange rate (LCU per US$, period average)

The value for Official exchange rate (LCU per US$, period average) in Pakistan was 162.91 as of 2021. As the graph below shows, over the past 61 years this indicator reached a maximum value of 162.91 in 2021 and a minimum value of 4.76 in 1960.

Definition: Official exchange rate refers to the exchange rate determined by national authorities or to the rate determined in the legally sanctioned exchange market. It is calculated as an annual average based on monthly averages (local currency units relative to the U.S. dollar).

Source: International Monetary Fund, International Financial Statistics.

See also:

Year Value
1960 4.76
1961 4.76
1962 4.76
1963 4.76
1964 4.76
1965 4.76
1966 4.76
1967 4.76
1968 4.76
1969 4.76
1970 4.76
1971 4.76
1972 8.68
1973 9.99
1974 9.90
1975 9.90
1976 9.90
1977 9.90
1978 9.90
1979 9.90
1980 9.90
1981 9.90
1982 11.85
1983 13.12
1984 14.05
1985 15.93
1986 16.65
1987 17.40
1988 18.00
1989 20.54
1990 21.71
1991 23.80
1992 25.08
1993 28.11
1994 30.57
1995 31.64
1996 36.08
1997 41.11
1998 45.05
1999 49.50
2000 53.65
2001 61.93
2002 59.72
2003 57.75
2004 58.26
2005 59.51
2006 60.27
2007 60.74
2008 70.41
2009 81.71
2010 85.19
2011 86.34
2012 93.40
2013 101.63
2014 101.10
2015 102.77
2016 104.77
2017 105.46
2018 121.82
2019 150.04
2020 161.84
2021 162.91

Development Relevance: In a market-based economy, household, producer, and government choices about resource allocation are influenced by relative prices, including the real exchange rate, real wages, real interest rates, and other prices in the economy. Relative prices also largely reflect these agents' choices. Thus relative prices convey vital information about the interaction of economic agents in an economy and with the rest of the world.

Limitations and Exceptions: Official or market exchange rates are often used to convert economic statistics in local currencies to a common currency in order to make comparisons across countries. Since market rates reflect at best the relative prices of tradable goods, the volume of goods and services that a U.S. dollar buys in the United States may not correspond to what a U.S. dollar converted to another country's currency at the official exchange rate would buy in that country, particularly when nontradable goods and services account for a significant share of a country's output. An alternative exchange rate - the purchasing power parity (PPP) conversion factor - is preferred because it reflects differences in price levels for both tradable and nontradable goods and services and therefore provides a more meaningful comparison of real output.

Statistical Concept and Methodology: The exchange rate is the price of one currency in terms of another. Official exchange rates and exchange rate arrangements are established by governments. Other exchange rates recognized by governments include market rates, which are determined largely by legal market forces, and for countries with multiple exchange arrangements, principal rates, secondary rates, and tertiary rates.

Periodicity: Annual

Classification

Topic: Financial Sector Indicators

Sub-Topic: Exchange rates & prices