Guyanese dollar malaysian ringgit exchange rate history (GYD MYR) October 2023

Guyanese dollar malaysian ringgit history for October 2023. The highest quote for this month is 0.023958 (23/10/2023) and the lowest 0.024062 (24/10/2023). The difference between high and low is -0.43.

GYD MYR average rate for October 2023 is 0.02353, the change between 01/10/2023 and 31/10/2023 is -5.67 %.

01 October 2023	1 GYD = 0.0226 MYR
02 October 2023	1 GYD = 0.0234 MYR
03 October 2023	1 GYD = 0.0236 MYR
04 October 2023	1 GYD = 0.0236 MYR
05 October 2023	1 GYD = 0.0237 MYR
06 October 2023	1 GYD = 0.0237 MYR
07 October 2023	1 GYD = 0.0226 MYR
09 October 2023	1 GYD = 0.0237 MYR
10 October 2023	1 GYD = 0.0237 MYR
11 October 2023	1 GYD = 0.0236 MYR
12 October 2023	1 GYD = 0.0236 MYR
13 October 2023	1 GYD = 0.0236 MYR
16 October 2023	1 GYD = 0.0237 MYR
17 October 2023	1 GYD = 0.0237 MYR
18 October 2023	1 GYD = 0.0237 MYR
19 October 2023	1 GYD = 0.0237 MYR
20 October 2023	1 GYD = 0.0236 MYR
21 October 2023	1 GYD = 0.0229 MYR
22 October 2023	1 GYD = 0.0229 MYR
23 October 2023	1 GYD = 0.0239 MYR
24 October 2023	1 GYD = 0.0238 MYR
25 October 2023	1 GYD = 0.0240 MYR
26 October 2023	1 GYD = 0.0239 MYR
27 October 2023	1 GYD = 0.0239 MYR
28 October 2023	1 GYD = 0.0230 MYR
29 October 2023	1 GYD = 0.0230 MYR
30 October 2023	1 GYD = 0.0239 MYR
31 October 2023	1 GYD = 0.0238 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

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.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.

Historic Guyanese dollar Malaysian ringgit