United States dollar pakistani rupee history for May 2023. The highest quote for this month is 295.2 (15/05/2023) and the lowest 284.68 (24/05/2023). The difference between high and low is 3.56.
USD PKR average rate for May 2023 is 284.925, the change between 01/05/2023 and 31/05/2023 is -0.95 %.
| 15 May 2023 | 1 USD = 282.9 PKR |
| 17 May 2023 | 1 USD = 284.7 PKR |
| 24 May 2023 | 1 USD = 286.5 PKR |
| 31 May 2023 | 1 USD = 285.6 PKR |
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.
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.
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.