Preview

The Causes of Pak Rupee Devaluation

Powerful Essays
Open Document
Open Document
2761 Words
Grammar
Grammar
Plagiarism
Plagiarism
Writing
Writing
Score
Score
The Causes of Pak Rupee Devaluation
Date/year
Currency
Selling TT & OD
Buying TT Clear
Buying OD/T.CHQ
30-Jun-1999
UD$
51.9
51.4
51.3703
29-May-2000
UD$
51.9
51.4
51.3747
30-May-2001
UD$
63.5
63
62.88
30-May-2002
UD$
60.5
60
59.92
30-May-2003
UD$
57.75
57.55
57.47
29-May-2004
UD$
57.8
57.6
57.52
30-May-2005
UD$
59.7
59.5
59.39
30-May-2006
UD$
60.4
60.2
60.07
30-May-2007
UD$
60.83
60.63
60.46
30-May-2008
UD$
67
66.8
66.62
30-Apr-2009
UD$
80.45
80.25
80.07

Monthly Chart from May 2008
Country
Currency
Selling TT & OD
Buying TT Clear
Buying OD/T.CHQ
9-May-08
UD$
67.5
67.3
67.12
9-Jun-08
UD$
67.45
67.25
67.07
9-Jul-08
UD$
71.2
71
70.81
9-Augl-08
UD$
72.4
72.2
72.04
9-Sep-08
UD$
76.2
76
75.83
9-Oct-08
UD$
79.45
79.25
78.91
10-Nov08
UD$
81.1
80.9
80.66
11-Dec–08
UD$
78.7
78.5
78.28
9-Jan–09
UD$
79
78.8
78.6
9-Feb-09
UD$
79.4
79.2
78.99
9-Mar-09
UD$
80.6
80.4
80.22
9-Apr-09
UD$
80.5
80.3
80.12
9-May-09
UD$
80.35
80.15
79.97
4-Jun-09
UD$
80.6
80.4
80.22
9-July-09
UD$
81.5
81.3
81.12
8-Aug-09
UD$
82.3
82.1
81.92
8-Sep-09
UD$
83.1
82.9
82.72
8-Oct-09
UD$
83.2
83
82.82
10-Nov-09
UD$
83.6
83.4
83.22
8-Dec-09
UD$
84.1
83.9
83.72
8-Jan-10
US$
84.85
84.65
84.47
8-Feb-10
US$
85
84.8
84.62
8-Mar-10
US$
84.75
84.55
84.37
8-Apr-10
US$
83.6
83.4
83.22
7-May-10
US$
84.25
84.05
83.87
8-Jun-10
US$
85.45
85.25
85.06
8-Jul-10
US$
85.7
85.5
85.31
9-Aug-10
US$
85.9
85.7
85.51
8-Sep-10
US$
85.95
85.75
85.56
8-Oct-10
US$
85.85
85.65
85.47
8-Nov-10
US$
85.55
85.35
85.17
8-Dec-10
US$
85.75
85.55
85.37
8-Jan-11
US$
85.80
85.60
85.52

10-Feb-11
US$
85.25
85.05
84.87
10-Mar-11
US$
85.3
85.1
84.85
09-Apr-11
US$
85.1
84.9
84.68
10-May-11
US$
84.85
84.65
84.43
10-June-11
US$
85.7
85.5
85.28
01-Jul-11
US$
85.95
85.75
85.53
01-Aug-11
US$
86.6
86.4
86.18
06-Sep-11
US$

You May Also Find These Documents Helpful

  • Good Essays

    Lee Equity

    • 259 Words
    • 2 Pages

    Part #2: 200412-31 200512-30 Canadian December 31, Friday December 30, Friday 0.830979 USD 0.857927 USD…

    • 259 Words
    • 2 Pages
    Good Essays
  • Good Essays

    economic factors

    • 415 Words
    • 2 Pages

    Critical thinking is an individual's form of judgment that has a particular purpose and reflective judgment. When individuals use critical thinking they reach a decision or solves an issue of judging what to believe or what to do, but reaches this conclusion in a thoughtful way. Critical thinking is a tool that individuals can use to evaluate incoming information. On the other hand, ethics is a branch of philosophy that encompasses right conduct and good life. Ethics has broader in the analyzing right and wrong than the standard conception. Ethics is a set of choices that individuals make on how to live their lives.…

    • 415 Words
    • 2 Pages
    Good Essays
  • Satisfactory Essays

    Rsm 230 Assignment 1

    • 531 Words
    • 3 Pages

    i) 91 Day Treasury Bill – it is a government issued debt obligation that matures in 91 days. It is sold at a discount and the buyer is paid the face value at maturity. The yield is the difference between the discounted price and the face value.…

    • 531 Words
    • 3 Pages
    Satisfactory Essays
  • Powerful Essays

    Macroeconomics Final

    • 1284 Words
    • 6 Pages

    Course name: Macroeconomics FINAL 1. The two large macroeconomies I selected are China and the United States. 2a. GDP and GDP growth rate Found on http://www.tradingeconomics.com/Economics/Interest-Rate.aspx?Symbol=CNY China U.S. GDP per capita 2000- 949 34606 2001- 1021 34518 2002- 1106 34747 2003- 1209 35318 2004- 1323 36272 2005- 1452 37050 2006- 1612 37757 2007- 1811 38138 2008- 1963 38206 2009- NA NA China U.S. GDP growth rate (avg) 2000- 7.68 4.15 2001- 7.45 1.08 2002- 8.05 1.83 2003- 9.43 2.48 2004- 9.50 3.58 2005- 10.08 3.08 2006- 10.98 2.65 2007- 12.08 2.13 2008- 9.13 0.43 2009- 7.63 -3.55 2b.…

    • 1284 Words
    • 6 Pages
    Powerful Essays
  • Satisfactory Essays

    The nullification crisis was a big deal back in the day, everyone had very differentiated opinions on the matter. The south carolina during this time was a very agriculture based society and the north being very industrialized. The north gained from tarrifs because it made their income larger and their goods much more profitable. The south Carolingian however did not benefit at all. Being mostly agriculture the raw materials costed much more to prodice and sell to the americans with tarrifs. South Carolina did not see this as very fair and chose to ignore this. Jackson was very against this and the states ignoring laws. He felt that if they werent following laws and putting themselves apart that they would eventually suceede from them. There…

    • 311 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    Source: „The Current Financial Crisis: Causes and Policy Issues“ by Adrian Blundell-Wignall, Paul Atkinson and Se Hoon Lee…

    • 1831 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Economic Factors

    • 979 Words
    • 4 Pages

    Page 284 – 292 Economic Systems An economic system is what allows a country to decide what to produce, how to produce, and for whom to produce. These systems include natural resources, labor, capital, management and standards for creating products. Market Economies In market economies, i) ownership of private property is encouraged, ii) businesses are encouraged to produce better products, iii) competition is encouraged because it can create better quality and lower prices, iv) the Government has little direct involvement with the business itself, and v) selfsufficiency is not seen as an economic goal. Supply and demand control market economies. The “law” of supply states that as the price of a product increases, producers will be willing to make more of that product. The “law” of demand states that as the price of a product increases consumers will demand less of that product. Producers must find the equilibrium point which is the point at which the consumers are willing to pay the asking price and the company still makes a profit. Centrally Planned Economies In centrally planned economies the government controls the ownership of private property. By having more government control the profit motive is not the main goal of the business. There are fewer pure centrally planned economies following the collapse of communism in the former Soviet Union. Mixed Economies A mixed economy includes government involvement and private ownership of businesses. In some countries, the government owns the transportation and communication businesses. In socialist mixed economies, most of the main industries are government controlled, but citizens are free to work in other industries. Canada has a mixed economy. Because Canada has a large, land mass and a relatively small population, the Canadian government has to play a major role in our important…

    • 979 Words
    • 4 Pages
    Good Essays
  • Satisfactory Essays

    •2nd worst performer in currency market among developing countries. Lost 9.25% since May 2013 •Indonesia(RUPAIYA)and South Africa(RAND) depreciated by 7% and 10 % resp. They compete with India in Agri-products, Engg. goods, electronics and chemicals…

    • 312 Words
    • 2 Pages
    Satisfactory Essays
  • Powerful Essays

    he money and capital markets are at the economic centre of the industrial and commercial world. Both firms and individuals rely upon the efficient operation of these markets for obtaining capital for investment purposes or money to meet their short-term financial needs. Over the last fifty years the operation of the money and capital markets has been progressively ‘globalised’ both to finance international trade but also to support multinational business and governments finance their activities. This globalisation has been facilitated by a number of political, economic and technological developments. In this chapter, we explore the financial markets with an outline of their history and their development in modern globalised economies. We devote some time to the concept of a security as a negotiable claim and the phenomenon of securitisation. We outline the structure of the financial markets and, in particular, how the money and capital markets interact. We then turn to the equity market as the primary risk market and discuss the role of information in the pricing of securities and the concept of information efficiency. Although we take a bias towards market efficiency, some anomalous evidence will also be described. Risk and return are then defined and an intuitive appreciation given of the concept of diversification and risk partitioning. The risk–return trade-off is then discussed, leading to an informal discussion of the capital asset pricing model. Finally, topics in the fixed interest market are then discussed before closing with a section on the sources of long- and short-term finance.…

    • 2113 Words
    • 9 Pages
    Powerful Essays
  • Better Essays

    Throughout the history of currency, the true value of money has always been changing. Even today, the value of dollar is changing every day.…

    • 1077 Words
    • 5 Pages
    Better Essays
  • Powerful Essays

    Causes of Economic Downturn

    • 5899 Words
    • 24 Pages

    Zimbabwe’s encounter with droughts, in particular, combined with economic and political challenges, has denigrated the country’s former status as the “breadbasket of Southern Africa” (Hunter-Gault 2006; Maphosa 1994; Swarns 2002). Zimbabwe is particularly prone to a number of natural and man-made hazards such as droughts, floods, veld fires, storms (PreventionWeb 2012), and HIV/AIDS (United Nations Development Programme 2010) among other epidemics. Between 1980 and 2010, PreventionWeb (2012) documented 35 natural disaster events, which resulted in 6,448 deaths, averaging 208 deaths from disasters annually. Of the 35 natural disasters, 6 were drought occurrences, 7 were floods, 2 were storms, and 20 were epidemic occurrences. Chikoto (2004) also counted the number of public transportation disasters that plagued Zimbabwe between 1982 and 2003, which claimed over 700 lives and injured over 400 people. To mitigate and prepare for these and other hazards facing Zimbabwe, the Government of Zimbabwe (GoZ) created the Department of Civil Protection and charged it with the onus of coordinating and managing disasters and reducing hazards.…

    • 5899 Words
    • 24 Pages
    Powerful Essays
  • Good Essays

    There were many antecedents of financial crises that led to the Global Economic Disruption. Many pundits consider Financial Crisis as the cyclic event that recurs after passage of certain interval in Economic Lifecycle, but they should consider it only wrongs by the side of human intellectuals. Institutions are made up of human beings or human resource. In order to cater with the rapid changing in the financial engineering in the overall Global Financial Market human resource working for regulatory institutions should be more vigilant than before in reviewing any misappropriation in the Financial Market marred by institutions and individuals which exploit the opportunities and needs of the market.…

    • 481 Words
    • 2 Pages
    Good Essays
  • Good Essays

    Many scholars who have studied the India-Pakistan conflict have depicted historical evidence about India-Pakistan relations. In particular, some research studies have focused on the development of Indian and Pakistani’s identity (Veer, 1987, 1994, 2004; Sheth, 2013;Robb, 1991). The book Ethnic Conflict & Civic Life, edited by Ashutosh Varshney (2002), described the ethnic conflict between Hindus and Muslims through a perspective of social structure, highlighting the role of government. Furthermore, in the book Religious Nationalism: Hindus and Muslims in India, Peter Van Der Veer provides a constructivist perspective on the formation of Muslim and Hindus identity, and its changing along with the historical development, he admits the role of identities in the formation of religious, the vital part for hatred relationship between Hindus and Pakistani, but he didn’t go further to probe the significant of identity.…

    • 776 Words
    • 4 Pages
    Good Essays
  • Powerful Essays

    Three main large devaluation episodes prior to the monetary reform of 1991 can be identified in the…

    • 1923 Words
    • 8 Pages
    Powerful Essays
  • Good Essays

    Inflation by definition involves rise in prices of goods and services. Inflation is usually caused by demand outstripping supply of goods and services. It can also be caused by suppliers/traders of certain goods and services (or speculators in goods) hiking their prices in order to effectively increase their profits/incomes. Such attempts to increase their incomes/profits may also be, in many cases, through hoarding or speculation or restrictive practices or through concerted action, formal or informal, of Syndicates/Guilds/.Unions/Associations/ groups of traders/industries.…

    • 2773 Words
    • 12 Pages
    Good Essays