Pakistani rupee south african rand exchange rate history (PKR ZAR) October 2023

Pakistani rupee south african rand history for October 2023. The highest quote for this month is 0.07071 (06/10/2023) and the lowest 0.069629 (09/10/2023). The difference between high and low is 1.53.

PKR ZAR average rate for October 2023 is 0.06799, the change between 01/10/2023 and 31/10/2023 is -2.26 %.

01 October 2023	1 PKR = 0.0656 ZAR
02 October 2023	1 PKR = 0.0656 ZAR
03 October 2023	1 PKR = 0.0671 ZAR
04 October 2023	1 PKR = 0.0677 ZAR
05 October 2023	1 PKR = 0.0680 ZAR
06 October 2023	1 PKR = 0.0703 ZAR
07 October 2023	1 PKR = 0.0681 ZAR
09 October 2023	1 PKR = 0.0701 ZAR
10 October 2023	1 PKR = 0.0684 ZAR
11 October 2023	1 PKR = 0.0678 ZAR
12 October 2023	1 PKR = 0.0674 ZAR
13 October 2023	1 PKR = 0.0684 ZAR
16 October 2023	1 PKR = 0.0687 ZAR
17 October 2023	1 PKR = 0.0679 ZAR
18 October 2023	1 PKR = 0.0681 ZAR
19 October 2023	1 PKR = 0.0682 ZAR
20 October 2023	1 PKR = 0.0683 ZAR
21 October 2023	1 PKR = 0.0678 ZAR
22 October 2023	1 PKR = 0.0682 ZAR
23 October 2023	1 PKR = 0.0694 ZAR
24 October 2023	1 PKR = 0.0681 ZAR
25 October 2023	1 PKR = 0.0681 ZAR
26 October 2023	1 PKR = 0.0684 ZAR
27 October 2023	1 PKR = 0.0677 ZAR
29 October 2023	1 PKR = 0.0673 ZAR
30 October 2023	1 PKR = 0.0681 ZAR
31 October 2023	1 PKR = 0.0671 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

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 South African rand