Historic Malaysian ringgit Pakistani rupee

Malaysian ringgit pakistani rupee history for January 2024. The highest quote for this month is 61.129 (02/01/2024) and the lowest 60.594 (07/01/2024). The difference between high and low is 0.88.

MYR PKR average rate for January 2024 is 59.84925, the change between 01/01/2024 and 31/01/2024 is +2.21 %.

01 January 20241 MYR = 60.38 PKR
02 January 20241 MYR = 60.43 PKR
03 January 20241 MYR = 61.18 PKR
04 January 20241 MYR = 61.18 PKR
05 January 20241 MYR = 60.71 PKR
06 January 20241 MYR = 60.53 PKR
07 January 20241 MYR = 60.59 PKR
08 January 20241 MYR = 59.28 PKR
09 January 20241 MYR = 60.42 PKR
10 January 20241 MYR = 60.28 PKR
11 January 20241 MYR = 60.55 PKR
12 January 20241 MYR = 60.23 PKR
13 January 20241 MYR = 60.53 PKR
14 January 20241 MYR = 60.35 PKR
15 January 20241 MYR = 59.29 PKR
16 January 20241 MYR = 59.68 PKR
17 January 20241 MYR = 60.11 PKR
18 January 20241 MYR = 59.23 PKR
19 January 20241 MYR = 59.23 PKR
22 January 20241 MYR = 59.05 PKR
23 January 20241 MYR = 59.11 PKR
24 January 20241 MYR = 59.17 PKR
25 January 20241 MYR = 59.14 PKR
26 January 20241 MYR = 59.05 PKR
28 January 20241 MYR = 59.17 PKR
29 January 20241 MYR = 58.91 PKR
30 January 20241 MYR = 58.98 PKR
31 January 20241 MYR = 59.04 PKR

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

16/07/2019: IMF Bailout Package

Pakistan reached an agreement with the IMF for a three-year, $6 billion bailout package to address its balance of payments crisis, affecting the value of the Pakistani rupee.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

11/12/2013: IMF Loan Program

Pakistan signed a loan agreement with the International Monetary Fund (IMF) to stabilize its economy, resulting in devaluation of the Pakistani rupee.

01/12/2008: Global Financial Crisis

The global financial crisis led to a depreciation of the Pakistani rupee against major international currencies due to economic instability.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

28/05/1999: Introduction of State Bank of Pakistan

The State Bank of Pakistan was given full autonomous control over the monetary policy, which had a significant impact on the value of the Pakistani rupee.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

16/12/1971: Separation of East Pakistan

Following the separation of East Pakistan and the formation of Bangladesh, the Pakistani rupee underwent a major devaluation.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

01/07/1955: Replacement of Indian Rupee

The Pakistani rupee replaced the Indian rupee as the official currency of Pakistan after the two countries separated.

17/08/1947: Independence of Pakistan

The Pakistani rupee was introduced as the official currency of Pakistan after the country gained independence from British rule.
MYR PKR July 2023
MYR PKR August 2023
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MYR PKR January 2024
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MYR PKR July 2024