Historic Icelandic Krona Malaysian ringgit

Icelandic Krona malaysian ringgit history for August 2023. The highest quote for this month is 0.035475 (30/08/2023) and the lowest 0.035687 (31/08/2023). The difference between high and low is -0.6.

ISK MYR average rate for August 2023 is 0.03501, the change between 01/08/2023 and 31/08/2023 is -3.06 %.

01 August 20231 ISK = 0.0346 MYR
02 August 20231 ISK = 0.0346 MYR
03 August 20231 ISK = 0.0345 MYR
04 August 20231 ISK = 0.0345 MYR
07 August 20231 ISK = 0.0346 MYR
08 August 20231 ISK = 0.0346 MYR
09 August 20231 ISK = 0.0348 MYR
10 August 20231 ISK = 0.0348 MYR
11 August 20231 ISK = 0.0348 MYR
14 August 20231 ISK = 0.0348 MYR
15 August 20231 ISK = 0.0350 MYR
16 August 20231 ISK = 0.0351 MYR
17 August 20231 ISK = 0.0350 MYR
18 August 20231 ISK = 0.0353 MYR
21 August 20231 ISK = 0.0352 MYR
22 August 20231 ISK = 0.0353 MYR
23 August 20231 ISK = 0.0352 MYR
24 August 20231 ISK = 0.0354 MYR
25 August 20231 ISK = 0.0351 MYR
28 August 20231 ISK = 0.0353 MYR
29 August 20231 ISK = 0.0355 MYR
30 August 20231 ISK = 0.0356 MYR
31 August 20231 ISK = 0.0356 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.

15/11/2018: New Currency Notes Introduced

Iceland released updated banknotes and coins featuring improved security measures and new designs, modernizing the Krona's physical appearance.

12/08/2015: Ringgit Depreciation

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

15/03/2015: Capital Controls Lifted

Iceland lifted its capital controls, implemented after the financial crisis, allowing for more flexible foreign exchange transactions.

14/11/2010: IMF Loan Approved

Iceland secured a $2.1 billion loan from the International Monetary Fund, stabilizing the Krona and aiding economic recovery.

06/10/2008: Financial Crisis Begins

The collapse of Icelandic banks and subsequent financial crisis severely devalued the Krona, leading to economic turmoil.

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.

05/03/1981: Stock Exchange Established

The Icelandic Stock Exchange was founded, promoting economic growth and affecting the Krona's value.

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.

10/05/1940: Occupation of Iceland

Following the German occupation of Denmark, Iceland became occupied by British forces, impacting the currency's stability.

01/01/1922: Currency Board Established

The Icelandic Krona was introduced under the Danish Krone pegged to 1 Krone = 100 aurar.