Historic Malaysian ringgit Indonesian Rupiah

Malaysian ringgit indonesian rupiah history for February 2024. The highest quote for this month is 3341.06 (01/02/2024) and the lowest 3322.53 (01/02/2024). The difference between high and low is 0.55.

MYR IDR average rate for February 2024 is 3285.93964, the change between 01/02/2024 and 29/02/2024 is +1.19 %.

01 February 20241 MYR = 3335.94 IDR
02 February 20241 MYR = 3327.83 IDR
03 February 20241 MYR = 3319.90 IDR
04 February 20241 MYR = 3320.04 IDR
05 February 20241 MYR = 3335.57 IDR
06 February 20241 MYR = 3309.22 IDR
07 February 20241 MYR = 3303.17 IDR
08 February 20241 MYR = 3287.88 IDR
09 February 20241 MYR = 3284.80 IDR
10 February 20241 MYR = 3285.34 IDR
12 February 20241 MYR = 3275.17 IDR
13 February 20241 MYR = 3271.29 IDR
14 February 20241 MYR = 3287.47 IDR
15 February 20241 MYR = 3251.75 IDR
16 February 20241 MYR = 3280.03 IDR
17 February 20241 MYR = 3268.03 IDR
18 February 20241 MYR = 3275.57 IDR
19 February 20241 MYR = 3271.29 IDR
20 February 20241 MYR = 3267.64 IDR
21 February 20241 MYR = 3265.23 IDR
22 February 20241 MYR = 3263.85 IDR
23 February 20241 MYR = 3264.50 IDR
24 February 20241 MYR = 3264.71 IDR
25 February 20241 MYR = 3264.71 IDR
26 February 20241 MYR = 3265.47 IDR
27 February 20241 MYR = 3275.08 IDR
28 February 20241 MYR = 3288.45 IDR
29 February 20241 MYR = 3296.38 IDR

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.

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.

12/08/2015: Ringgit Depreciation

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

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.

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.

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.

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: 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.

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.

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.
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