Introduction
The Business Recorder Exchange Rate History shows the evolution of the Pakistani rupee against the US dollar over time. The data is sourced from the State Bank of Pakistan and goes back to 1971. Since 1971, the Pakistani rupee has experienced several devaluations against the US dollar. In 1971, one US dollar was worth 7.50 Pakistani rupees. By 2018, one US dollar was worth around 119 Pakistani rupees. The Business Recorder Exchange Rate History can be used to track the value of the Pakistani rupee against the US dollar over time, and to understand how this value has changed since 1971.
The Business Recorder is a daily newspaper published in Pakistan. It is one of the country’s oldest and most respected financial publications, providing comprehensive coverage of the Pakistani economy and financial markets.
The paper has a long history, dating back to the days of British rule in India. The first issue was published on October 1, 1872, making it one of the oldest newspapers in South Asia. over the years, the Business Recorder has established itself as a leading source of economic and financial news and analysis in Pakistan.
Today, the paper continues to play an important role in shaping public discourse on economic policy issues. In addition to its daily print edition, the Business Recorder also publishes an online edition at www.brecorder.com.
The Business Recorder Exchange Rate
The Business Recorder Exchange Rate (BRET) is the weighted average of the Pakistani Rupee against a basket of major currencies. The BRET is published every working day by the State Bank of Pakistan (SBP).
The BRET was introduced in January 2007 and is revised periodically. The current revision came into effect on 1st July 2016.
The purpose of the BRET is to provide a more accurate representation of the Pakistani Rupee’s value against major currencies, as compared to the Pakistan Interbank Offered Rate (LIBOR).
The PIBOR is based on a very small sample size of banks and does not take into account all transactions taking place in the market. On the other hand, the BRET captures around 95% of all transactions taking place in the market.
This makes the BRET a more accurate gauge of market conditions and enables better decision-making for importers, exporters, investors, and others who need to know what the Pakistani Rupee is really worth in relation to other currencies.
The Business Recorder Exchange Rate is the average of the daily interbank exchange rates for the US dollar against the Pakistani rupee. It is updated daily at 9:00 am PST. The Business Recorder Exchange Rate is used by banks, businesses, and individuals for international money transfers and as a reference point for pricing goods and services in Pakistan.
The Business Recorder Exchange Rate History shows the value of the Pakistani rupee against the US dollar over time. The data is updated daily and goes back to January 1, 1999. The historical data can be viewed in daily, weekly, monthly, or yearly intervals.
The History of the Business Recorder Exchange Rate
The Business Recorder Exchange Rate is the price of one currency in terms of another. The Business Recorder Exchange Rate History is a record of the prices at which currencies have been traded over time. The history of the Business Recorder Exchange Rate dates back to the early days of international trade when merchants would exchange one currency for another in order to buy or sell goods.
Today, the Business Recorder Exchange Rate is determined by the forces of supply and demand in the market for foreign exchange. When demand for a particular currency is high, its price will increase; when demand is low, its price will fall. These changes in price are usually caused by changes in economic conditions, such as interest rates, inflation, and government policies.
The Business Recorder Exchange Rate is the price of one currency in terms of another. The Business Recorder Exchange Rate History is a record of the prices of different currencies at different times.
The Business Recorder Exchange Rate History can be used to study the prices of different currencies over time. It can also be used to compare the prices of different currencies at different times.
The Business Recorder Exchange Rate History is a valuable tool for businesses and investors. It can help them to make decisions about buying and selling currencies.
The Future of the Business Recorder Exchange Rate
The future of the Business Recorder Exchange Rate is dependent on a number of factors. The most important factor is the performance of the Pakistani economy. If the economy continues to grow at a steady pace, then the Business Recorder Exchange Rate is likely to remain stable. However, if there are any major economic downturns, then the Business Recorder Exchange Rate could come under pressure. Another important factor that will affect the future of the Business Recorder Exchange Rate is the Pakistan Central Bank’s monetary policy. If the Pakistan Central Bank adopts a more hawkish monetary policy, then it is likely that the Business Recorder Exchange Rate will appreciate. However, if the Pakistan Central Bank adopts a more dovish monetary policy, then it is likely that the Business Recorder Exchange Rate will depreciate.
Conclusion
The business recorder exchange rate history is a great resource for anyone looking to track the value of the Pakistani Rupee. The site provides data for the past year, and it is updated daily. This makes it an essential tool for businesses operating in Pakistan, or for individuals who need to send money to Pakistan.
The Business Recorder Exchange Rate History is a great resource for anyone interested in tracking the value of their currency. The site offers a wealth of data and information on exchange rates, making it an invaluable tool for both businesses and individuals. If you need to know what your currency is worth against another, the Business Recorder Exchange Rate History is a great place to start.
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