Pakistani rupee malagasy ariary exchange rate history (PKR MGA) December 2023

Pakistani rupee malagasy ariary history for December 2023. The highest quote for this month is 16.437 (22/12/2023) and the lowest 16.437 (25/12/2023). The difference between high and low is 0.

PKR MGA average rate for December 2023 is 16.07118, the change between 01/12/2023 and 31/12/2023 is -1.96 %.

01 December 2023	1 PKR = 15.85 MGA
02 December 2023	1 PKR = 15.80 MGA
03 December 2023	1 PKR = 15.80 MGA
04 December 2023	1 PKR = 16.06 MGA
05 December 2023	1 PKR = 15.72 MGA
06 December 2023	1 PKR = 15.94 MGA
07 December 2023	1 PKR = 16.02 MGA
08 December 2023	1 PKR = 16.10 MGA
10 December 2023	1 PKR = 15.94 MGA
11 December 2023	1 PKR = 16.08 MGA
12 December 2023	1 PKR = 16.07 MGA
13 December 2023	1 PKR = 16.16 MGA
14 December 2023	1 PKR = 16.06 MGA
15 December 2023	1 PKR = 16.10 MGA
16 December 2023	1 PKR = 15.98 MGA
17 December 2023	1 PKR = 15.98 MGA
18 December 2023	1 PKR = 16.26 MGA
19 December 2023	1 PKR = 16.35 MGA
20 December 2023	1 PKR = 16.10 MGA
21 December 2023	1 PKR = 16.20 MGA
22 December 2023	1 PKR = 16.12 MGA
23 December 2023	1 PKR = 15.99 MGA
24 December 2023	1 PKR = 16.01 MGA
25 December 2023	1 PKR = 16.44 MGA
26 December 2023	1 PKR = 16.44 MGA
27 December 2023	1 PKR = 16.14 MGA
28 December 2023	1 PKR = 16.15 MGA
29 December 2023	1 PKR = 16.16 MGA

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.

Historic Pakistani rupee Malagasy Ariary