Historic Malagasy Ariary Pakistani rupee

Malagasy Ariary pakistani rupee history for January 2024. The highest quote for this month is 0.062107 (29/01/2024) and the lowest 0.062265 (31/01/2024). The difference between high and low is -0.25.

MGA PKR average rate for January 2024 is 0.06158, the change between 01/01/2024 and 31/01/2024 is -2.1 %.

01 January 20241 MGA = 0.0607 PKR
02 January 20241 MGA = 0.0607 PKR
03 January 20241 MGA = 0.0618 PKR
04 January 20241 MGA = 0.0618 PKR
05 January 20241 MGA = 0.0615 PKR
06 January 20241 MGA = 0.0614 PKR
07 January 20241 MGA = 0.0613 PKR
08 January 20241 MGA = 0.0608 PKR
09 January 20241 MGA = 0.0613 PKR
10 January 20241 MGA = 0.0618 PKR
11 January 20241 MGA = 0.0620 PKR
12 January 20241 MGA = 0.0619 PKR
14 January 20241 MGA = 0.0613 PKR
15 January 20241 MGA = 0.0609 PKR
16 January 20241 MGA = 0.0618 PKR
17 January 20241 MGA = 0.0618 PKR
18 January 20241 MGA = 0.0615 PKR
19 January 20241 MGA = 0.0616 PKR
22 January 20241 MGA = 0.0617 PKR
23 January 20241 MGA = 0.0618 PKR
24 January 20241 MGA = 0.0621 PKR
25 January 20241 MGA = 0.0618 PKR
26 January 20241 MGA = 0.0617 PKR
28 January 20241 MGA = 0.0617 PKR
29 January 20241 MGA = 0.0621 PKR
30 January 20241 MGA = 0.0620 PKR
31 January 20241 MGA = 0.0619 PKR

01/01/2023: Planned Fourth Redenomination of Ariary

Madagascar announces plans for the fourth redenomination of the Ariary, aiming to simplify the currency system further.

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.

01/01/2017: Third Redenomination of Ariary

The Malagasy Ariary experiences its third redenomination, resulting in the currency being divided by 5, making 1 new Ariary equal to 5 old Ariary.

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.

01/08/2003: Second Redenomination of Ariary

The Malagasy Ariary goes through its second redenomination, with 1 new Ariary equal to 5 old Ariary.

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.

16/12/1993: First Redenomination of Ariary

The Malagasy Ariary undergoes its first redenomination, replacing the currency at a ratio of 1 new Ariary to 5 old Ariary.

01/01/1983: Introduction of Malagasy Ariary

The Malagasy Ariary is introduced as the new official currency of Madagascar, replacing the Malagasy Franc.

26/06/1975: Independence of Madagascar

Madagascar declares independence from French colonial rule, leading to changes in the national 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.

26/06/1961: Introduction of Malagasy Franc

Malagasy Franc introduced as the official currency of Madagascar to replace the French Franc.

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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