Historic Pakistani rupee Malaysian ringgit

Pakistani rupee malaysian ringgit history for February 2024. The highest quote for this month is 0.017241 (22/02/2024) and the lowest 0.017343 (19/02/2024). The difference between high and low is -0.59.

PKR MYR average rate for February 2024 is 0.0171, the change between 01/02/2024 and 29/02/2024 is -1.58 %.

01 February 20241 PKR = 0.0169 MYR
02 February 20241 PKR = 0.0169 MYR
03 February 20241 PKR = 0.0169 MYR
04 February 20241 PKR = 0.0169 MYR
05 February 20241 PKR = 0.0170 MYR
06 February 20241 PKR = 0.0172 MYR
07 February 20241 PKR = 0.0171 MYR
08 February 20241 PKR = 0.0171 MYR
09 February 20241 PKR = 0.0171 MYR
10 February 20241 PKR = 0.0170 MYR
12 February 20241 PKR = 0.0173 MYR
13 February 20241 PKR = 0.0171 MYR
14 February 20241 PKR = 0.0171 MYR
15 February 20241 PKR = 0.0171 MYR
16 February 20241 PKR = 0.0171 MYR
17 February 20241 PKR = 0.0171 MYR
18 February 20241 PKR = 0.0171 MYR
19 February 20241 PKR = 0.0172 MYR
20 February 20241 PKR = 0.0174 MYR
21 February 20241 PKR = 0.0172 MYR
22 February 20241 PKR = 0.0172 MYR
23 February 20241 PKR = 0.0171 MYR
24 February 20241 PKR = 0.0171 MYR
25 February 20241 PKR = 0.0171 MYR
26 February 20241 PKR = 0.0172 MYR
27 February 20241 PKR = 0.0172 MYR
28 February 20241 PKR = 0.0171 MYR
29 February 20241 PKR = 0.0172 MYR

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.
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