Historic Moroccan dirham Pakistani rupee

Moroccan dirham pakistani rupee history for February 2024. The highest quote for this month is 28.588 (13/02/2024) and the lowest 28.575 (13/02/2024). The difference between high and low is 0.05.

MAD PKR average rate for February 2024 is 27.92867, the change between 01/02/2024 and 29/02/2024 is -1.24 %.

01 February 20241 MAD = 27.92 PKR
02 February 20241 MAD = 27.90 PKR
03 February 20241 MAD = 27.87 PKR
04 February 20241 MAD = 27.84 PKR
05 February 20241 MAD = 28.47 PKR
06 February 20241 MAD = 28.27 PKR
07 February 20241 MAD = 27.73 PKR
08 February 20241 MAD = 27.73 PKR
09 February 20241 MAD = 27.79 PKR
12 February 20241 MAD = 28.35 PKR
13 February 20241 MAD = 27.80 PKR
14 February 20241 MAD = 27.71 PKR
15 February 20241 MAD = 27.71 PKR
16 February 20241 MAD = 27.76 PKR
17 February 20241 MAD = 27.75 PKR
18 February 20241 MAD = 27.75 PKR
19 February 20241 MAD = 28.50 PKR
20 February 20241 MAD = 28.19 PKR
21 February 20241 MAD = 27.72 PKR
22 February 20241 MAD = 27.69 PKR
23 February 20241 MAD = 27.78 PKR
24 February 20241 MAD = 27.78 PKR
25 February 20241 MAD = 27.78 PKR
26 February 20241 MAD = 28.57 PKR
27 February 20241 MAD = 27.72 PKR
28 February 20241 MAD = 27.75 PKR
29 February 20241 MAD = 28.26 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.
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