Historic Ethiopian birr Indonesian Rupiah

Ethiopian birr indonesian rupiah history for March 2024. The highest quote for this month is 279.05 (05/03/2024) and the lowest 279.38 (04/03/2024). The difference between high and low is -0.12.

ETB IDR average rate for March 2024 is 277.97571, the change between 01/03/2024 and 31/03/2024 is +1.14 %.

01 March 20241 ETB = 278.1 IDR
04 March 20241 ETB = 279.9 IDR
05 March 20241 ETB = 278.9 IDR
06 March 20241 ETB = 278.6 IDR
07 March 20241 ETB = 277.8 IDR
08 March 20241 ETB = 277.5 IDR
11 March 20241 ETB = 275.0 IDR

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

10/09/2008: Introduction of Birr Denominations

Ethiopia introduced new banknotes of different denominations in an effort to combat counterfeiting and improve security features.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

27/05/1991: Introduction of Birr Coins

Ethiopia introduced coins for the birr denominations, replacing the previous notes.

17/09/1976: Introduction of New Birr

A new birr was introduced, replacing the previous Ethiopian birr and being equal to 100 old birr.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

08/07/1945: Decree to Change Birr Decimalization

Ethiopia changed the birr decimalization from talari and ghersh to dollars and cents.

31/12/1931: Introduction of Ethiopian birr

The Ethiopian birr was introduced as the official currency, replacing the Maria Theresa Thaler.

05/07/1931: Ethiopian Monetary Authority Established

The Ethiopian Monetary Authority was established to regulate the country's monetary system and issue currency.

14/02/1894: Introduction of Maria Theresa Thaler

Ethiopia adopted the Maria Theresa Thaler as the official currency, which remained in circulation until 1935.