Malaysian ringgit kuwaiti dinar exchange rate history (MYR KWD) December 2023

Malaysian ringgit kuwaiti dinar history for December 2023. The highest quote for this month is 0.066585 (29/12/2023) and the lowest 0.067059 (29/12/2023). The difference between high and low is -0.71.

MYR KWD average rate for December 2023 is 0.066, the change between 01/12/2023 and 31/12/2023 is -0.64 %.

01 December 2023	1 MYR = 0.0662 KWD
02 December 2023	1 MYR = 0.0661 KWD
04 December 2023	1 MYR = 0.0660 KWD
05 December 2023	1 MYR = 0.0660 KWD
06 December 2023	1 MYR = 0.0661 KWD
07 December 2023	1 MYR = 0.0660 KWD
08 December 2023	1 MYR = 0.0659 KWD
10 December 2023	1 MYR = 0.0661 KWD
11 December 2023	1 MYR = 0.0660 KWD
12 December 2023	1 MYR = 0.0658 KWD
13 December 2023	1 MYR = 0.0657 KWD
14 December 2023	1 MYR = 0.0655 KWD
15 December 2023	1 MYR = 0.0657 KWD
16 December 2023	1 MYR = 0.0659 KWD
17 December 2023	1 MYR = 0.0659 KWD
18 December 2023	1 MYR = 0.0658 KWD
19 December 2023	1 MYR = 0.0655 KWD
20 December 2023	1 MYR = 0.0656 KWD
21 December 2023	1 MYR = 0.0660 KWD
22 December 2023	1 MYR = 0.0659 KWD
23 December 2023	1 MYR = 0.0665 KWD
24 December 2023	1 MYR = 0.0664 KWD
25 December 2023	1 MYR = 0.0659 KWD
26 December 2023	1 MYR = 0.0663 KWD
27 December 2023	1 MYR = 0.0663 KWD
28 December 2023	1 MYR = 0.0663 KWD
29 December 2023	1 MYR = 0.0666 KWD

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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

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.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

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.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

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.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.

Historic Malaysian ringgit Kuwaiti Dinar