Historic Pakistani rupee South African rand

Pakistani rupee south african rand history for February 2024. The highest quote for this month is 0.069672 (29/02/2024) and the lowest 0.069551 (29/02/2024). The difference between high and low is 0.17.

PKR ZAR average rate for February 2024 is 0.06814, the change between 01/02/2024 and 29/02/2024 is -4.2 %.

01 February 20241 PKR = 0.0667 ZAR
02 February 20241 PKR = 0.0665 ZAR
03 February 20241 PKR = 0.0676 ZAR
04 February 20241 PKR = 0.0676 ZAR
05 February 20241 PKR = 0.0679 ZAR
06 February 20241 PKR = 0.0691 ZAR
07 February 20241 PKR = 0.0674 ZAR
08 February 20241 PKR = 0.0677 ZAR
09 February 20241 PKR = 0.0680 ZAR
10 February 20241 PKR = 0.0681 ZAR
12 February 20241 PKR = 0.0690 ZAR
13 February 20241 PKR = 0.0677 ZAR
14 February 20241 PKR = 0.0684 ZAR
15 February 20241 PKR = 0.0682 ZAR
16 February 20241 PKR = 0.0679 ZAR
17 February 20241 PKR = 0.0675 ZAR
18 February 20241 PKR = 0.0675 ZAR
19 February 20241 PKR = 0.0678 ZAR
20 February 20241 PKR = 0.0688 ZAR
21 February 20241 PKR = 0.0677 ZAR
22 February 20241 PKR = 0.0677 ZAR
23 February 20241 PKR = 0.0686 ZAR
24 February 20241 PKR = 0.0690 ZAR
25 February 20241 PKR = 0.0691 ZAR
26 February 20241 PKR = 0.0695 ZAR
27 February 20241 PKR = 0.0692 ZAR
28 February 20241 PKR = 0.0683 ZAR
29 February 20241 PKR = 0.0695 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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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