Historic Malaysian ringgit South Korean Won

Malaysian ringgit south korean won history for January 2024. The highest quote for this month is 286.11 (17/01/2024) and the lowest 284.98 (17/01/2024). The difference between high and low is 0.39.

MYR KRW average rate for January 2024 is 283.04429, the change between 01/01/2024 and 31/01/2024 is +0.33 %.

01 January 20241 MYR = 281.7 KRW
02 January 20241 MYR = 281.7 KRW
03 January 20241 MYR = 284.2 KRW
04 January 20241 MYR = 284.6 KRW
05 January 20241 MYR = 283.0 KRW
06 January 20241 MYR = 282.7 KRW
07 January 20241 MYR = 282.9 KRW
08 January 20241 MYR = 282.3 KRW
09 January 20241 MYR = 282.2 KRW
10 January 20241 MYR = 284.4 KRW
11 January 20241 MYR = 283.9 KRW
12 January 20241 MYR = 282.5 KRW
13 January 20241 MYR = 282.8 KRW
14 January 20241 MYR = 282.7 KRW
15 January 20241 MYR = 282.7 KRW
16 January 20241 MYR = 282.8 KRW
17 January 20241 MYR = 288.1 KRW
18 January 20241 MYR = 285.1 KRW
19 January 20241 MYR = 283.7 KRW
22 January 20241 MYR = 282.9 KRW
23 January 20241 MYR = 283.4 KRW
24 January 20241 MYR = 283.0 KRW
25 January 20241 MYR = 281.4 KRW
26 January 20241 MYR = 282.5 KRW
28 January 20241 MYR = 282.9 KRW
29 January 20241 MYR = 282.9 KRW
30 January 20241 MYR = 281.7 KRW
31 January 20241 MYR = 280.7 KRW

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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.
MYR KRW August 2023
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