Exchange Rate : PKR, INR, USD (1947-2024)

Introduction:
A Comprehensive Historical Tracking of PKR, INR, and USD Exchange Rates from 1947 to 2024. Delve into Pakistan and India's economic narratives in reference to the US Dollar, witnessing the fluctuations, trends, and pivotal moments that shaped their currencies over eight decades. Gain insights into geopolitical shifts, economic policies, and global events, understanding the intricate dynamics of these currencies in the ever-changing financial landscape.

Background:
I'm teaching my students about the difference between the Pakistani Rupee and the Indian Rupee since 1947. We're using the US Dollar as a standard for comparison. I gathered this dataset from various internet sources.

About the data:
The dataset is tabular and contains three columns:

1. Year: Ranging from 1947 to 2024.
2. INR (Rs): Indian Rupee value equivalent to 1 US Dollar.
3. PKR (Rs): Pakistani Rupee value equivalent to 1 US Dollar.

Use Cases:
here are some use cases for this dataset.

1. Historical Analysis:
Researchers or economists could use the dataset to analyze the historical trends and fluctuations in exchange rates between PKR, INR, and USD over the years. This analysis could provide insights into the economic performance and stability of Pakistan and India in relation to the US.

2. Educational Purposes:
As you're using it for teaching, the dataset can serve as a valuable educational resource for students to understand the economic differences between Pakistan and India since their independence, using the USD as a benchmark.

3. Investment Analysis:
Investors and financial analysts could use the dataset to analyze the historical performance of the currencies and make informed decisions about investments or currency trading in the Pakistan and India markets.

4. Policy Making:
Government policymakers could utilize the dataset to understand the impact of various economic policies on currency exchange rates and formulate effective strategies for maintaining stability and growth.

5. Cross-Border Transactions:
Businesses engaged in cross-border trade between Pakistan, India, and the US could use the dataset to forecast currency exchange rates and mitigate risks associated with fluctuations in currency values.

6. Comparative Studies:
Scholars or analysts interested in comparative studies between Pakistan and India could use the dataset to explore the differences and similarities in their economic development trajectories over time.

7. Forecasting:
Economists or analysts could develop models to forecast future exchange rates based on historical trends and factors affecting the economies of Pakistan, India, and the US.