No, Pakistan's currency is not higher than India's.
The Pakistani Rupee (PKR) is currently weaker than the Indian Rupee (INR). This means that you need more Pakistani Rupees to buy the same amount of goods or services as you would with Indian Rupees.
Here's a breakdown of the key factors influencing the exchange rate between the two currencies:
- Economic Performance: India generally has a stronger economy than Pakistan, with higher GDP growth and a more stable financial system. This often leads to a stronger Indian Rupee.
- Inflation: Higher inflation in Pakistan compared to India can weaken the Pakistani Rupee.
- Government Policies: Monetary policies implemented by both countries can influence their respective currency values.
- Political Stability: Political instability in Pakistan can also affect the Pakistani Rupee's value.
While the exchange rate fluctuates constantly, it's important to understand that the Indian Rupee has been consistently stronger than the Pakistani Rupee for a considerable period.
