Just looked into Pakistan's currency history and it's wild how much the rupee has depreciated over the decades. Back in 1947 when the country gained independence, 1 USD was only around 3.31 PKR - pretty stable for the next 8 years actually. But then things started shifting. By the mid-50s it moved to 3.91, then jumped to 4.76 in 1955 and just stayed there for over a decade. The real story starts in the 70s though. After 1972, you can see the rupee really started losing value - went from 4.76 to 11 PKR per dollar almost overnight. From there it was basically downhill. The 80s saw it hover around 9-20, then the 90s acceleration was intense. By 1999 it hit 51.90, and the early 2000s brought another wave of depreciation. Fast forward to 2008 financial crisis and it jumped to 81, then 2018-2019 saw another major drop pushing past 160. And 2023? 286 PKR per dollar. That's roughly 86x weaker than 1947. Wild to see how inflation and economic policies compound over 75+ years. The exchange rate story really tells you everything about a country's economic journey.

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