Cuban peso malaysian ringgit exchange rate history (CUP MYR) November 2023

Cuban peso malaysian ringgit history for November 2023. The highest quote for this month is 0.19921 (01/11/2023) and the lowest 0.19897 (02/11/2023). The difference between high and low is 0.12.

CUP MYR average rate for November 2023 is 0.1957, the change between 01/11/2023 and 30/11/2023 is +1.87 %.

01 November 2023	1 CUP = 0.1986 MYR
02 November 2023	1 CUP = 0.1990 MYR
03 November 2023	1 CUP = 0.1985 MYR
06 November 2023	1 CUP = 0.1988 MYR
07 November 2023	1 CUP = 0.1932 MYR
08 November 2023	1 CUP = 0.1934 MYR
09 November 2023	1 CUP = 0.1952 MYR
10 November 2023	1 CUP = 0.1957 MYR
11 November 2023	1 CUP = 0.1961 MYR
12 November 2023	1 CUP = 0.1961 MYR
13 November 2023	1 CUP = 0.1964 MYR
14 November 2023	1 CUP = 0.1962 MYR
15 November 2023	1 CUP = 0.1969 MYR
16 November 2023	1 CUP = 0.1947 MYR
17 November 2023	1 CUP = 0.1947 MYR
18 November 2023	1 CUP = 0.1949 MYR
19 November 2023	1 CUP = 0.1949 MYR
20 November 2023	1 CUP = 0.1958 MYR
21 November 2023	1 CUP = 0.1946 MYR
22 November 2023	1 CUP = 0.1941 MYR
23 November 2023	1 CUP = 0.1952 MYR
24 November 2023	1 CUP = 0.1950 MYR
26 November 2023	1 CUP = 0.1951 MYR
27 November 2023	1 CUP = 0.1960 MYR
28 November 2023	1 CUP = 0.1953 MYR
29 November 2023	1 CUP = 0.1950 MYR
30 November 2023	1 CUP = 0.1949 MYR

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

18/03/2020: COVID-19 Pandemic Impact

The COVID-19 pandemic caused a sharp decline in the value of the ringgit, as global markets experienced volatility and economic slowdown.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

21/07/2005: Removal of Currency Peg

The Malaysian government removed the fixed exchange rate peg to the US dollar, allowing the ringgit to float freely based on market forces.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

02/07/1997: Asian Financial Crisis

The Malaysian ringgit was heavily affected by the Asian financial crisis, leading to a currency devaluation and introduction of capital controls.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

12/06/1985: Currency Pegged to the US Dollar

The Malaysian ringgit was pegged to the US dollar at a fixed exchange rate of RM2.50 per USD to stabilize the economy.

29/08/1975: Change to Malaysian Ringgit

The Malaysian dollar was renamed as the Malaysian ringgit, with the currency symbol RM, to reflect the country's independence and identity.

12/06/1967: Introduction of the Malaysian Dollar

The Malaysian dollar was introduced as the official currency of Malaysia, replacing the Malaya and British Borneo dollar.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.

Historic Cuban peso Malaysian ringgit