XDR to PKR Currency Converter - IMF Special Drawing Rights To Pakistan Rupee

XDR to PKR

The exchange rate of XDR to PKR is around 371.58478. This exchange rate fluctuates in accordance with many factors. The economy of a country plays a vital role in changing this rate. In this article, we are going to show you the variation of PKR with respect to XDR. The relation between them will also be discussed. So, without any further ado, let’s get started.

XDR

XDR is a currency code used for Special Drawing Rights. Special Drawing Rights or SDRs are supplementary foreign exchange reserve assets; it is not a currency of any country. It is defined and currently maintained by the International Monetary Fund (IMF). Basically, SDRs are units of account for IMF. Moreover, they represent a claim currency held by IMF member countries so that they may be exchanged. SDR cannot be held or used by private parties. Lastly, they were created in 1969 to supplement a shortfall of preferred foreign exchange reserved assets.

If we compare it with the very stronger currency, the United States Dollars, then you will see it is slightly stronger. A small variation can be seen between them. The exchange rate of XDR to USD is 1.3072999. It means 1 XDR is equal to 1.3072999 USD.

As compared to other currencies of the world, XDR is much greater. The exchange rates of XDR are very high from other currencies. However, if we compare it with the Pound, then it is still weaker. But in front of other currencies, it is much stronger.

The value of an SDR depends upon a basket of key international currencies. However, it is reviewed by the IMF every 5 years. And the weights that are assigned to each currency can be adjusted to take into account their current prominence in terms of International Trade. 

PKR

PKR is the official currency of Pakistan. It is the short form used for Pakistani Rupees. Commonly known as Rupee, it is further divided into 100 Paisa. However, it is not currently issued due to its low value. The State Bank of Pakistan controls this currency.

As compared to the United States Dollars, it is a much weaker currency. A massive difference can be seen between both currencies. The exchange rate is also high, which is around 284.46292. Basically, it means that 1 USD equals to about 284.46292 PKR. So, you can see USD is much stronger.

If we compare it with the other currencies, it is weaker. Stronger currencies like Euro, Pound, etc., show much deflection from PKR. Their exchange rates are also high. However, a slight variation can be seen in PKR and other currencies of developing countries like INR, DOP, etc. Lastly, it is also not considered a worthy currency.

The reason behind this worst condition is the very high rate of inflation which is increasing gradually. The weak political systems, as well as laws and regulations, are also a reason. Recently, the arrival of COVID-19 has also affected the economy very badly.

XDR and PKR

PKR is a much weaker currency than XDR. It is because XDR is not an official currency of a particular country. Moreover, PKR is not a worthy currency, while XDR is considered more worthy in the international market. Consequently, the demand and supply of PKR are also lower as compared to XDR.