Pakistani rupee united states dollar history for July 2023. The highest quote for this month is 0.003612 (05/07/2023) and the lowest 0.003653 (05/07/2023). The difference between high and low is -1.14.
PKR USD average rate for July 2023 is 0.00355, the change between 01/07/2023 and 31/07/2023 is +3.59 %.
05 July 2023 | 1 PKR = 0.0037 USD |
25 July 2023 | 1 PKR = 0.0035 USD |
31 July 2023 | 1 PKR = 0.0035 USD |
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.
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.
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.
01/07/1955: 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.