Historic Malaysian ringgit Cuban peso

Malaysian ringgit cuban peso history for January 2024. The highest quote for this month is 5.2376 (01/01/2024) and the lowest 5.2347 (01/01/2024). The difference between high and low is 0.06.

MYR CUP average rate for January 2024 is 5.13521, the change between 01/01/2024 and 31/01/2024 is +3.01 %.

01 January 20241 MYR = 5.23 CUP
02 January 20241 MYR = 5.23 CUP
03 January 20241 MYR = 5.21 CUP
04 January 20241 MYR = 5.21 CUP
05 January 20241 MYR = 5.17 CUP
06 January 20241 MYR = 5.16 CUP
07 January 20241 MYR = 5.17 CUP
08 January 20241 MYR = 5.14 CUP
09 January 20241 MYR = 5.15 CUP
10 January 20241 MYR = 5.16 CUP
11 January 20241 MYR = 5.16 CUP
12 January 20241 MYR = 5.16 CUP
13 January 20241 MYR = 5.17 CUP
14 January 20241 MYR = 5.17 CUP
15 January 20241 MYR = 5.15 CUP
16 January 20241 MYR = 5.13 CUP
17 January 20241 MYR = 5.17 CUP
18 January 20241 MYR = 5.08 CUP
19 January 20241 MYR = 5.08 CUP
22 January 20241 MYR = 5.08 CUP
23 January 20241 MYR = 5.07 CUP
24 January 20241 MYR = 5.07 CUP
25 January 20241 MYR = 5.07 CUP
26 January 20241 MYR = 5.07 CUP
28 January 20241 MYR = 5.08 CUP
29 January 20241 MYR = 5.08 CUP
30 January 20241 MYR = 5.06 CUP
31 January 20241 MYR = 5.07 CUP

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.
MYR CUP July 2023
MYR CUP August 2023
MYR CUP September 2023
MYR CUP October 2023
MYR CUP November 2023
MYR CUP December 2023
MYR CUP January 2024
MYR CUP February 2024
MYR CUP March 2024
MYR CUP April 2024
MYR CUP May 2024
MYR CUP June 2024
MYR CUP July 2024