Moroccan dirham pakistani rupee exchange rate history (MAD PKR) August 2023

Moroccan dirham pakistani rupee history for August 2023. The highest quote for this month is 31.034 (31/08/2023) and the lowest 31.043 (28/08/2023). The difference between high and low is -0.03.

MAD PKR average rate for August 2023 is 29.89835, the change between 01/08/2023 and 31/08/2023 is -6.44 %.

01 August 2023	1 MAD = 29.08 PKR
02 August 2023	1 MAD = 29.07 PKR
03 August 2023	1 MAD = 29.55 PKR
04 August 2023	1 MAD = 29.38 PKR
07 August 2023	1 MAD = 29.92 PKR
08 August 2023	1 MAD = 29.62 PKR
09 August 2023	1 MAD = 30.52 PKR
10 August 2023	1 MAD = 30.38 PKR
11 August 2023	1 MAD = 30.20 PKR
12 August 2023	1 MAD = 29.11 PKR
14 August 2023	1 MAD = 30.32 PKR
15 August 2023	1 MAD = 29.18 PKR
16 August 2023	1 MAD = 29.45 PKR
17 August 2023	1 MAD = 29.61 PKR
18 August 2023	1 MAD = 29.63 PKR
19 August 2023	1 MAD = 29.50 PKR
20 August 2023	1 MAD = 29.50 PKR
21 August 2023	1 MAD = 30.96 PKR
22 August 2023	1 MAD = 29.70 PKR
23 August 2023	1 MAD = 29.73 PKR
24 August 2023	1 MAD = 29.73 PKR
25 August 2023	1 MAD = 29.78 PKR
28 August 2023	1 MAD = 31.04 PKR
29 August 2023	1 MAD = 30.64 PKR
30 August 2023	1 MAD = 30.81 PKR
31 August 2023	1 MAD = 30.95 PKR

15/09/2021: Digitization of the Moroccan dirham

Morocco announced plans to digitize the dirham, introducing a central bank digital currency (CBDC) for financial transactions in the country.

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.

02/06/2014: Introduction of the fourth dirham

Another series of Moroccan dirham banknotes was issued, featuring new designs and enhanced security features.

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.

02/07/2005: Dirham's exchange rate floatation

Morocco moved to a floating exchange rate regime, allowing the dirham to fluctuate 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.

01/05/1999: Introduction of the third dirham

A new series of Moroccan dirham banknotes was introduced with enhanced security features.

12/12/1980: Introduction of the second dirham

A new series of Moroccan dirham banknotes was issued to replace the first series.

17/10/1974: Adoption of the dirham as the currency

The Moroccan franc was replaced by the Moroccan dirham (MAD) as the official currency.

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.

26/11/1960: Introduction of the Moroccan franc (FRF)

The Moroccan franc was introduced as the official currency of Morocco.

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.

Historic Moroccan dirham Pakistani rupee