2022: Which currency has gained more value than the dollar? Pakistani rupee faces pressure against global currencies

For the Pakistani rupee, 2022 ended up being a time of cheapening, in which the worth of the Pakistani money against every significant cash, including the US dollar, saw a huge downfall. Financial specialists have cautioned that this present circumstance is probably going to go on in the following year 2023.

As per information got from the interbank and open money market, the most elevated expansion in the worth of the US dollar was kept in the year 2022, whose worth was Rs 176.60 toward the start of the year in the interbank against the Pakistani rupee, which arrived at the degree of Rs 226.50 on the last exchanging day of the year, that is to say, the worth of the dollar in the interbank expanded by Rs 49.90 consistently.

As per the report, the worth of the dollar in the open money market expanded by Rs 56 all through the year from Rs 178 to Rs 234.

The overall impression is that the US dollar esteem is expanding the most against the Pakistani rupee, yet the fact of the matter is the inverse. As per information from the Forex Relationship of Pakistan, the euro rose by Rs 63.60 in 2022, from Rs 197 toward the start of the year to Rs 260.60 toward the year's end.

It has been accounted for in the report that the cost of the English pound additionally expanded by Rs 61, and the English pound has expanded from Rs 235 to Rs 296 during this period.

Among different monetary forms, the Australian dollar rose by Rs 38.70 and the Canadian dollar by Rs 43.60, the UAE Dirham by Rs 20.30, the Saudi Riyal by Rs 18.50, the Chinese Yuan by Rs 11 and the Indian rupee by Rs 0.30 against the Pakistani Rupee.