What is the money in your name and your wallet really worth? One way of arriving at a number is calculating what all it can buy today as compared to a month back and perhaps what it will be able to purchase a month later. Another less tedious way that would provide a more absolute number, which changes almost daily and is a more approachable concept for most is how many dollars it can buy today, a month back and a month later.
This is important information for investors looking to spend, save or invest and businesses to formulate budgets, strategize and plan. It is therefore important to understand what does and does not have an effect on the value of the Rupee against the USD. The content in this publication is expensive to produce. But unlike other journalistic outfits, business publications have to cover the very organizations that directly give them advertisements. Hence, this large source of revenue, which is the lifeblood of other media houses, is severely compromised on account of Profit’s no-compromise policy when it comes to our reporting. No wonder, Profit has lost multiple ad deals, worth tens of millions of rupees, due to stories that held big businesses to account. Hence, for our work to continue unfettered, it must be supported by discerning readers who know the value of quality business journalism, not just for the economy but for the society as a whole.To read the full article, subscribe and support independent business journalism in Pakistan
The value of the Pakistani rupee is determined by a variety of factors, including:
Economic fundamentals: The strength of the Pakistani economy, including factors such as GDP growth, inflation, and trade balance, can have a significant impact on the value of the rupee.
Interest rates: The interest rate set by the State Bank of Pakistan (SBP) can affect the value of the rupee, as higher interest rates can attract foreign investment, increasing demand for the rupee and strengthening its value.
Political stability: Political stability can affect the value of the rupee, as investors may be hesitant to invest in a country with a volatile political climate.
Foreign exchange reserves: The level of foreign exchange reserves held by the SBP can affect the value of the rupee, as a higher level of reserves can help to stabilize the currency during periods of market turmoil.
International trade: The level of exports and imports of Pakistan can affect the value of the rupee. A trade deficit (importing more than exporting) can put pressure on the rupee, while a trade surplus can support the rupee’s value.
However, it’s worth noting that the value of the rupee is also influenced by factors that are beyond the control of the Pakistani government and central bank, such as global economic conditions, and the monetary policies of other countries. In addition, speculations and rumors can also affect the value of the rupee in the short run.
It’s important to note that the value of a currency is a relative concept and it’s not determined by a single factor but by a combination of them. Additionally, the value of a currency can fluctuates over time due to these factors.
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𝑰 𝒂𝒅𝒗𝒊𝒔𝒆 𝒆𝒗𝒆𝒓𝒚𝒐𝒏𝒆 𝒐𝒖𝒕 𝒕𝒉𝒆𝒓𝒆 𝒕𝒐 𝒑𝒍𝒆𝒂𝒔𝒆 𝒅𝒐 𝒚𝒐𝒖𝒓 𝒐𝒘𝒏 𝒓𝒆𝒔𝒆𝒂𝒓𝒄𝒉 𝒃𝒆𝒇𝒐𝒓𝒆 𝒊𝒏𝒗𝒆𝒔𝒕𝒊𝒏𝒈 𝒊𝒏 𝒂𝒏𝒚 𝒐𝒇 𝒕𝒉𝒆𝒔𝒆 𝒐𝒏𝒍𝒊𝒏𝒆 𝒄𝒓𝒚𝒑𝒕𝒐 𝒄𝒖𝒓𝒓𝒆𝒏𝒄𝒚 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 𝒑𝒍𝒂𝒕𝒇𝒐𝒓𝒎𝒔. 𝑴𝒚 𝒃𝒐𝒚𝒇𝒓𝒊𝒆𝒏𝒅 𝒊𝒏𝒕𝒓𝒐𝒅𝒖𝒄𝒆𝒅 𝒎𝒆 𝒕𝒐 𝒐𝒏𝒆 𝒔𝒖𝒄𝒉 𝒑𝒍𝒂𝒕𝒇𝒐𝒓𝒎 𝒄𝒂𝒍𝒍𝒆𝒅 𝒃𝒊𝒕𝒃𝒚𝒃𝒊𝒕 𝒕𝒓𝒂𝒅𝒊𝒏𝒈 𝒘𝒉𝒆𝒓𝒆 𝒉𝒆 𝒉𝒂𝒅 𝒊𝒏𝒗𝒆𝒔𝒕𝒆𝒅 $200,000 𝒘𝒉𝒊𝒄𝒉 𝒘𝒐𝒖𝒍𝒅 𝒈𝒆𝒏𝒆𝒓𝒂𝒕𝒆 $400,000 𝒘𝒊𝒕𝒉𝒊𝒏 2 𝒘𝒆𝒆𝒌𝒔. 𝑨𝒇𝒕𝒆𝒓 𝒎𝒖𝒄𝒉 𝒄𝒐𝒏𝒗𝒊𝒏𝒄𝒊𝒏𝒈 𝒇𝒓𝒐𝒎 𝒉𝒊𝒎, 𝒊 𝒔𝒂𝒘 𝒊𝒕 𝒂𝒔 𝒂 𝒍𝒖𝒄𝒓𝒂𝒕𝒊𝒗𝒆 𝒐𝒑𝒑𝒐𝒓𝒕𝒖𝒏𝒊𝒕𝒚 𝒂𝒏𝒅 𝒔𝒐 𝒊 𝒋𝒖𝒎𝒑𝒆𝒅 𝒐𝒏 𝒊𝒕 𝒂𝒏𝒅 𝒊𝒏𝒗𝒆𝒔𝒕𝒆𝒅 𝒎𝒚 $150,000 𝒕𝒐 𝒆𝒂𝒓𝒏 $300,000 𝒘𝒊𝒕𝒉𝒊𝒏 𝒕𝒉𝒆 𝒔𝒂𝒎𝒆 𝒑𝒆𝒓𝒊𝒐𝒅 𝒂𝒔 𝒎𝒚 𝒓𝒐𝒊. 𝑰 𝒔𝒕𝒂𝒓𝒕𝒆𝒅 𝒏𝒐𝒕𝒊𝒄𝒊𝒏𝒈 𝒓𝒆𝒅 𝒇𝒍𝒂𝒈𝒔 𝒘𝒉𝒆𝒏 𝒕𝒉𝒆𝒚 𝒂𝒔𝒌𝒆𝒅 𝒎𝒚 𝒇𝒓𝒊𝒆𝒏𝒅 𝒕𝒐 𝒑𝒂𝒚 𝒇𝒐𝒓 𝒔𝒖𝒄𝒉 𝒄𝒉𝒂𝒓𝒈𝒆𝒔 𝒕𝒐 𝒇𝒂𝒄𝒊𝒍𝒊𝒕𝒂𝒕𝒆 𝒕𝒉𝒆 𝒘𝒊𝒕𝒉𝒅𝒓𝒂𝒘𝒂𝒍 𝒑𝒓𝒐𝒄𝒆𝒔𝒔 𝒘𝒉𝒊𝒄𝒉 𝒘𝒂𝒔 𝒏𝒆𝒗𝒆𝒓 𝒔𝒖𝒄𝒄𝒆𝒔𝒔𝒇𝒖𝒍. 𝑻𝒉𝒆 𝒔𝒂𝒎𝒆 𝒉𝒂𝒑𝒑𝒆𝒏𝒆𝒅 𝒕𝒐 𝒎𝒆 𝒘𝒉𝒆𝒏 𝒎𝒚 2 𝒘𝒆𝒆𝒌𝒔 𝒘𝒆𝒓𝒆 𝒅𝒖𝒆, 𝒃𝒚 𝒕𝒉𝒆 𝒕𝒊𝒎𝒆 𝒘𝒆 𝒓𝒆𝒂𝒍𝒊𝒛𝒆𝒅 𝒊𝒕 𝒘𝒂𝒔 𝒂 𝒔𝒄𝒂𝒎, 𝒕𝒉𝒆𝒚 𝒉𝒂𝒅 𝒂𝒍𝒓𝒆𝒂𝒅𝒚 𝒓𝒐𝒃𝒃𝒆𝒅 𝒖𝒔 𝒐𝒇 𝒂 𝒕𝒐𝒕𝒂𝒍 𝒐𝒇 $650,000. 𝑾𝒆 𝒐𝒑𝒕𝒆𝒅 𝒕𝒐 𝒉𝒊𝒓𝒆 𝒂 𝒉𝒂𝒄𝒌𝒆𝒓 𝒂𝒏𝒅 𝒇𝒐𝒖𝒏𝒅 𝒎𝒊𝒄𝒉𝒂𝒆𝒍 𝒎𝒖𝒓𝒑𝒉𝒚 𝒘𝒉𝒐 𝒕𝒐𝒐𝒌 𝒐𝒖𝒓 𝒄𝒂𝒔𝒆, 𝒂𝒏𝒅 𝒊𝒏 72𝒉𝒐𝒖𝒓𝒔, 𝒉𝒆 𝒉𝒂𝒅 𝒕𝒓𝒂𝒄𝒌𝒆𝒅 𝒕𝒉𝒆 𝒔𝒄𝒂𝒎𝒎𝒆𝒓𝒔 𝒂𝒏𝒅 𝒓𝒆𝒇𝒖𝒏𝒅𝒆𝒅 𝒐𝒖𝒓 𝒎𝒐𝒏𝒆𝒚. 𝑪𝒐𝒏𝒕𝒂𝒄𝒕 𝒕𝒉𝒆𝒎 𝒐𝒏 𝒎𝒊𝒄𝒉𝒆𝒂𝒍𝒎𝒖𝒓𝒑𝒉𝒚@𝒓𝒆𝒑𝒂𝒊𝒓𝒎𝒂𝒏.𝒄𝒐𝒎.
Very well written.