Value of 1 US Dollar in PAK Rupees on Wednesday January 01

Value of 1 US Dollar in PAK Rupees on Wednesday January 01...

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Ahmed Ali Khan Row 2 Tech ID# 00906605 Assignment# 07 Date:- 04/27/09 FOREIGN EXCHANGE: UNITED STATES DOLLAR VS PAKISTANI RUPEE Value of 1 US Dollar in PAK Rupees on Wednesday January 02, 2008 US $ 1 = PAK Rs. 61.889 Value of 1 US Dollar in PAK Rupees on Friday April 24, 2009 US $ 1 = PAK Rs. 80.513 The price of United States Dollar in Pakistani Rupee has increased since the start of the year 2008 and then keeps increasing. Now at present the rupee has slumped by more than 30 percent against the US dollar since the beginning of the year 2009. This is known as Appreciation for the value gaining currency. We can rephrase our sentence as: United States Dollar has Appreciated 30% as compared to Pakistani Rupee since the beginning of this year or Pakistani
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Unformatted text preview: Rupee has Depreciated 30% to United States Dollar. We can see from the graph below that around October 17 th , 2008, price of US $ was highest: close to 82.621 PAK Rs. © 2009 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada. Permission is granted to reproduce the above image provided that the source and copyright are acknowledged. Time period shown in diagram: 2/Jan/2008 - 24/Apr/2009 Ahmed Ali Khan Row 2 Tech ID# 00906605 Assignment# 07 Date:- 04/27/09 © 2009 by Prof. Werner Antweiler, University of British Columbia, Vancouver BC, Canada. Permission is granted to reproduce the above image provided that the source and copyright are acknowledged. Time period shown in diagram: 2/Jan/2008 - 24/Apr/2009...
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This note was uploaded on 08/30/2010 for the course IBUS 380 taught by Professor Hashmi during the Fall '09 term at Minnesota State University, Mankato.

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Value of 1 US Dollar in PAK Rupees on Wednesday January 01...

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