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

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

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
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
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

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...
View Full Document

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern