Salvadoran Colón malaysian ringgit history for March 2024. The highest quote for this month is 0.55673 (06/03/2024) and the lowest 0.55513 (01/03/2024). The difference between high and low is 0.29.
SVC MYR average rate for March 2024 is 0.54821, the change between 01/03/2024 and 31/03/2024 is +3.85 %.
| 01 March 2024 | 1 SVC = 0.5558 MYR |
| 03 March 2024 | 1 SVC = 0.5421 MYR |
| 04 March 2024 | 1 SVC = 0.5580 MYR |
| 05 March 2024 | 1 SVC = 0.5534 MYR |
| 06 March 2024 | 1 SVC = 0.5547 MYR |
| 07 March 2024 | 1 SVC = 0.5546 MYR |
| 08 March 2024 | 1 SVC = 0.5570 MYR |
| 09 March 2024 | 1 SVC = 0.5359 MYR |
| 10 March 2024 | 1 SVC = 0.5351 MYR |
| 11 March 2024 | 1 SVC = 0.5494 MYR |
| 12 March 2024 | 1 SVC = 0.5344 MYR |
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.
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.
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.
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.