Pakistani rupee australian dollar exchange rate history (PKR AUD) December 2023

Pakistani rupee australian dollar history for December 2023. The highest quote for this month is 0.005414 (13/12/2023) and the lowest 0.005383 (05/12/2023). The difference between high and low is 0.57.

PKR AUD average rate for December 2023 is 0.00529, the change between 01/12/2023 and 31/12/2023 is +2.51 %.

01 December 2023	1 PKR = 0.0053 AUD
02 December 2023	1 PKR = 0.0053 AUD
03 December 2023	1 PKR = 0.0053 AUD
04 December 2023	1 PKR = 0.0053 AUD
05 December 2023	1 PKR = 0.0053 AUD
06 December 2023	1 PKR = 0.0054 AUD
07 December 2023	1 PKR = 0.0054 AUD
08 December 2023	1 PKR = 0.0053 AUD
09 December 2023	1 PKR = 0.0053 AUD
10 December 2023	1 PKR = 0.0054 AUD
11 December 2023	1 PKR = 0.0054 AUD
12 December 2023	1 PKR = 0.0054 AUD
13 December 2023	1 PKR = 0.0054 AUD
14 December 2023	1 PKR = 0.0053 AUD
15 December 2023	1 PKR = 0.0053 AUD
16 December 2023	1 PKR = 0.0053 AUD
17 December 2023	1 PKR = 0.0053 AUD
18 December 2023	1 PKR = 0.0053 AUD
19 December 2023	1 PKR = 0.0054 AUD
20 December 2023	1 PKR = 0.0052 AUD
21 December 2023	1 PKR = 0.0052 AUD
22 December 2023	1 PKR = 0.0052 AUD
23 December 2023	1 PKR = 0.0052 AUD
24 December 2023	1 PKR = 0.0052 AUD
25 December 2023	1 PKR = 0.0053 AUD
26 December 2023	1 PKR = 0.0053 AUD
27 December 2023	1 PKR = 0.0052 AUD
28 December 2023	1 PKR = 0.0052 AUD
29 December 2023	1 PKR = 0.0052 AUD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

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.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

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.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

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.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

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.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

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.

Historic Pakistani rupee Australian dollar