Historic Malaysian ringgit Hong Kong dollar

Malaysian ringgit hong kong dollar history for July 2023. The highest quote for this month is 1.7212 (19/07/2023) and the lowest 1.7343 (31/07/2023). The difference between high and low is -0.76.

MYR HKD average rate for July 2023 is 1.70125, the change between 01/07/2023 and 31/07/2023 is -1.95 %.

03 July 20231 MYR = 1.680 HKD
04 July 20231 MYR = 1.680 HKD
05 July 20231 MYR = 1.684 HKD
06 July 20231 MYR = 1.682 HKD
07 July 20231 MYR = 1.678 HKD
10 July 20231 MYR = 1.677 HKD
11 July 20231 MYR = 1.677 HKD
12 July 20231 MYR = 1.681 HKD
13 July 20231 MYR = 1.684 HKD
14 July 20231 MYR = 1.705 HKD
17 July 20231 MYR = 1.728 HKD
18 July 20231 MYR = 1.722 HKD
19 July 20231 MYR = 1.721 HKD
20 July 20231 MYR = 1.720 HKD
21 July 20231 MYR = 1.721 HKD
24 July 20231 MYR = 1.713 HKD
25 July 20231 MYR = 1.709 HKD
26 July 20231 MYR = 1.709 HKD
27 July 20231 MYR = 1.715 HKD
28 July 20231 MYR = 1.727 HKD
31 July 20231 MYR = 1.713 HKD

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.

18/05/2005: Removal of Ten Hong Kong Dollars Note

The Hong Kong Monetary Authority announced the removal of the HKD 10 paper note from circulation, encouraging the usage of electronic payment methods and reducing printing costs.

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.

01/07/1997: Hong Kong's Handover to China

Hong Kong was officially handed over to China, marking the end of British colonial rule but maintaining the Hong Kong Dollar as its currency under the 'one country, two systems' principle.

17/10/1991: Linked Exchange Rate System

The Linked Exchange Rate System (LERS) was implemented, establishing a narrow trading range of HKD 7.75 to 7.85 against the U.S. Dollar, backed by stringent measures to maintain stability.

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.

31/12/1983: Joint Declaration on the Future of Hong Kong

The Sino-British Joint Declaration was signed, affirming Hong Kong's return to China in 1997 and ensuring the continuity of the Hong Kong Dollar as its official currency.

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.

22/05/1972: Pegging to the U.S. Dollar

As the British Pound faced pressures in the foreign exchange market, Hong Kong decided to switch the peg to the U.S. Dollar at a rate of HKD 5.65 to USD 1.

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.

12/09/1935: Pegging to the Sterling

The Hong Kong Dollar was pegged to the British Pound (Sterling) at a fixed exchange rate of HKD 16 to GBP 1, which helped stabilize the currency.

01/01/1863: Introduction of the Hong Kong Dollar

The Hong Kong Dollar was first introduced as an official currency by the British colonial government to facilitate trade and commerce in Hong Kong.