Historic Pakistani rupee Burmese kyat

Pakistani rupee burmese kyat history for February 2024. The highest quote for this month is 7.5277 (05/02/2024) and the lowest 7.5549 (27/02/2024). The difference between high and low is -0.36.

PKR MMK average rate for February 2024 is 7.48083, the change between 01/02/2024 and 29/02/2024 is -0.71 %.

01 February 20241 PKR = 7.44 MMK
02 February 20241 PKR = 7.45 MMK
03 February 20241 PKR = 7.49 MMK
04 February 20241 PKR = 7.49 MMK
05 February 20241 PKR = 7.55 MMK
06 February 20241 PKR = 7.55 MMK
07 February 20241 PKR = 7.45 MMK
08 February 20241 PKR = 7.45 MMK
09 February 20241 PKR = 7.46 MMK
12 February 20241 PKR = 7.55 MMK
13 February 20241 PKR = 7.45 MMK
14 February 20241 PKR = 7.46 MMK
15 February 20241 PKR = 7.45 MMK
16 February 20241 PKR = 7.45 MMK
17 February 20241 PKR = 7.50 MMK
18 February 20241 PKR = 7.50 MMK
19 February 20241 PKR = 7.49 MMK
20 February 20241 PKR = 7.55 MMK
21 February 20241 PKR = 7.44 MMK
22 February 20241 PKR = 7.45 MMK
23 February 20241 PKR = 7.45 MMK
24 February 20241 PKR = 7.50 MMK
25 February 20241 PKR = 7.50 MMK
26 February 20241 PKR = 7.48 MMK
27 February 20241 PKR = 7.49 MMK
28 February 20241 PKR = 7.45 MMK
29 February 20241 PKR = 7.49 MMK

22/02/2021: Kyat's Depreciation Challenges

The Burmese kyat faced significant depreciation and instability due to political turmoil and the military coup in Myanmar.

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.

23/04/2015: Foreign Exchange Market Liberalization

Restrictions on foreign exchange were lifted, allowing a more liberalized foreign exchange market in Myanmar.

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.

02/04/2012: Managed Float Regime Implemented

The Burmese government adopted a managed float exchange rate regime, allowing the kyat to fluctuate based on market forces.

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.

01/04/1990: Foreign Exchange Certificates Introduced

Foreign Exchange Certificates (FECs) were introduced as a parallel currency to stabilize the economy and control the black market.

01/09/1987: Second Kyat Revalued

Due to hyperinflation, the Burmese kyat was again revalued, with 1 kyat replacing 10 new kyats.

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.

01/12/1964: Kyat Revalued

The Burmese kyat underwent a major revaluation, with 1 new kyat replacing 100 old kyats to combat inflation.

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.

01/07/1952: Kyat Introduced

The Burmese kyat was first introduced as the official currency of Burma, replacing the Indian rupee at an exchange rate of 1 kyat = 1 rupee.

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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