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

Moroccan dirham pakistani rupee history for December 2023. The highest quote for this month is 28.994 (29/12/2023) and the lowest 29.413 (27/12/2023). The difference between high and low is -1.45.

MAD PKR average rate for December 2023 is 28.38386, the change between 01/12/2023 and 31/12/2023 is +1.96 %.

01 December 2023	1 MAD = 29.05 PKR
02 December 2023	1 MAD = 28.25 PKR
03 December 2023	1 MAD = 28.24 PKR
04 December 2023	1 MAD = 28.72 PKR
05 December 2023	1 MAD = 28.21 PKR
06 December 2023	1 MAD = 28.16 PKR
07 December 2023	1 MAD = 28.05 PKR
08 December 2023	1 MAD = 28.06 PKR
10 December 2023	1 MAD = 27.92 PKR
11 December 2023	1 MAD = 28.76 PKR
12 December 2023	1 MAD = 28.76 PKR
13 December 2023	1 MAD = 28.67 PKR
14 December 2023	1 MAD = 27.80 PKR
15 December 2023	1 MAD = 28.07 PKR
16 December 2023	1 MAD = 27.99 PKR
17 December 2023	1 MAD = 27.99 PKR
18 December 2023	1 MAD = 28.45 PKR
19 December 2023	1 MAD = 28.40 PKR
20 December 2023	1 MAD = 28.02 PKR
21 December 2023	1 MAD = 28.16 PKR
22 December 2023	1 MAD = 28.38 PKR
23 December 2023	1 MAD = 28.52 PKR
24 December 2023	1 MAD = 28.49 PKR
25 December 2023	1 MAD = 28.97 PKR
26 December 2023	1 MAD = 28.96 PKR
27 December 2023	1 MAD = 28.45 PKR
28 December 2023	1 MAD = 28.79 PKR
29 December 2023	1 MAD = 28.48 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