Historic Malaysian ringgit Indonesian Rupiah

Malaysian ringgit indonesian rupiah history for January 2024. The highest quote for this month is 3375.24 (02/01/2024) and the lowest 3349.59 (01/01/2024). The difference between high and low is 0.76.

MYR IDR average rate for January 2024 is 3339.93714, the change between 01/01/2024 and 31/01/2024 is +0.28 %.

01 January 20241 MYR = 3349.61 IDR
02 January 20241 MYR = 3349.59 IDR
03 January 20241 MYR = 3368.40 IDR
04 January 20241 MYR = 3380.79 IDR
05 January 20241 MYR = 3347.94 IDR
06 January 20241 MYR = 3333.69 IDR
07 January 20241 MYR = 3339.79 IDR
08 January 20241 MYR = 3327.06 IDR
09 January 20241 MYR = 3333.08 IDR
10 January 20241 MYR = 3347.23 IDR
11 January 20241 MYR = 3351.65 IDR
12 January 20241 MYR = 3350.17 IDR
13 January 20241 MYR = 3345.89 IDR
14 January 20241 MYR = 3346.39 IDR
15 January 20241 MYR = 3337.97 IDR
16 January 20241 MYR = 3331.05 IDR
17 January 20241 MYR = 3364.56 IDR
18 January 20241 MYR = 3313.68 IDR
19 January 20241 MYR = 3311.37 IDR
22 January 20241 MYR = 3310.91 IDR
23 January 20241 MYR = 3314.03 IDR
24 January 20241 MYR = 3326.63 IDR
25 January 20241 MYR = 3324.76 IDR
26 January 20241 MYR = 3342.78 IDR
28 January 20241 MYR = 3346.88 IDR
29 January 20241 MYR = 3337.06 IDR
30 January 20241 MYR = 3344.89 IDR
31 January 20241 MYR = 3340.39 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.
MYR IDR June 2023
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MYR IDR January 2024
MYR IDR February 2024
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MYR IDR June 2024