Historic Pakistani rupee Macanese pataca

Pakistani rupee macanese pataca history for February 2024. The highest quote for this month is 0.028859 (25/02/2024) and the lowest 0.028858 (24/02/2024). The difference between high and low is 0.

PKR MOP average rate for February 2024 is 0.02843, the change between 01/02/2024 and 29/02/2024 is -0.81 %.

01 February 20241 PKR = 0.0281 MOP
02 February 20241 PKR = 0.0282 MOP
03 February 20241 PKR = 0.0288 MOP
04 February 20241 PKR = 0.0288 MOP
05 February 20241 PKR = 0.0286 MOP
06 February 20241 PKR = 0.0286 MOP
07 February 20241 PKR = 0.0282 MOP
08 February 20241 PKR = 0.0282 MOP
09 February 20241 PKR = 0.0282 MOP
10 February 20241 PKR = 0.0288 MOP
12 February 20241 PKR = 0.0286 MOP
13 February 20241 PKR = 0.0282 MOP
14 February 20241 PKR = 0.0282 MOP
15 February 20241 PKR = 0.0282 MOP
16 February 20241 PKR = 0.0282 MOP
17 February 20241 PKR = 0.0289 MOP
18 February 20241 PKR = 0.0288 MOP
19 February 20241 PKR = 0.0283 MOP
20 February 20241 PKR = 0.0286 MOP
21 February 20241 PKR = 0.0282 MOP
22 February 20241 PKR = 0.0282 MOP
23 February 20241 PKR = 0.0282 MOP
24 February 20241 PKR = 0.0289 MOP
25 February 20241 PKR = 0.0289 MOP
26 February 20241 PKR = 0.0283 MOP
27 February 20241 PKR = 0.0283 MOP
28 February 20241 PKR = 0.0282 MOP
29 February 20241 PKR = 0.0284 MOP

20/12/2019: Macao–Hong Kong Financial Cooperation Agreement signed

The Macau and Hong Kong authorities signed a financial cooperation agreement to strengthen monetary and financial stability, impacting the value and role of the Macanese pataca.

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.

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.

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.

08/05/1995: Currency board system implemented

Macau adopted a currency board system, establishing a fixed exchange rate between the Macanese pataca and the Hong Kong dollar.

20/10/1977: Internationalization of the pataca

Macau allowed the international use and exchange of the Macanese pataca, strengthening its role as a stable and convertible 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.

08/06/1967: Link with Portuguese escudo reestablished

The Macanese pataca was once again pegged to the Portuguese escudo, ending the gold standard era.

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.

18/06/1948: Gold standard introduced

The Macanese pataca switched to the gold standard, with its value pegged to gold coins. The gold standard lasted until 1967.

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.

17/03/1906: Silver standard established

Macau adopted the silver standard for the pataca, linking its value to silver coins in circulation. This standard remained in place until 1948.

27/10/1901: Introduction of Macanese pataca

The Macanese pataca was first introduced as the official currency of Macau, replacing the Portuguese real. It was initially pegged to the Portuguese escudo.
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