Pakistan To Rupiah

3 min read Jun 26, 2024
Pakistan To Rupiah

Pakistan Rupee (PKR) to Indonesian Rupiah (IDR) Exchange Rate

Overview

Pakistan and Indonesia are two significant economies in the Asian region. Pakistan is the fifth-most populous country in the world, while Indonesia is the largest economy in Southeast Asia. The exchange rate between the Pakistan Rupee (PKR) and the Indonesian Rupiah (IDR) is crucial for trade and investment between the two nations.

Historical Exchange Rate

2000-2010

The exchange rate between PKR and IDR was relatively stable in the early 2000s, with 1 PKR equivalent to around 120-130 IDR. However, in 2008, the global financial crisis led to a sharp depreciation of the PKR against the IDR, with the exchange rate reaching 1 PKR = 200 IDR.

2010-2020

In the 2010s, the PKR experienced significant volatility due to political and economic instability in Pakistan. The exchange rate fluctuated between 1 PKR = 250-350 IDR. In 2019, the PKR depreciated sharply against the IDR, reaching a record low of 1 PKR = 420 IDR.

Current Exchange Rate

As of [current date], the exchange rate is around 1 PKR = [current exchange rate] IDR.

Factors Affecting Exchange Rate

Economic Indicators

  • GDP growth rate
  • Inflation rate
  • Interest rate
  • Trade balance

Political Stability

  • Political uncertainty in Pakistan can lead to a depreciation of the PKR.
  • Stability in Indonesia can lead to an appreciation of the IDR.

Global Economic Trends

  • Changes in global commodity prices
  • Shifts in global trade policies *Currency fluctuations in major economies (e.g., USD, EUR)

Importance of PKR/IDR Exchange Rate

  • Trade: The exchange rate affects the cost of imports and exports between Pakistan and Indonesia.
  • Investment: The exchange rate influences the attractiveness of investments in Pakistan and Indonesia.
  • Remittances: The exchange rate affects the value of remittances sent by Pakistani workers in Indonesia and Indonesian workers in Pakistan.

Conclusion

The exchange rate between the Pakistan Rupee (PKR) and the Indonesian Rupiah (IDR) is influenced by a range of economic, political, and global factors. Understanding these factors is essential for businesses, investors, and individuals involved in trade and investment between the two countries.