Historic Malaysian ringgit Kuwaiti Dinar

Malaysian ringgit kuwaiti dinar history for January 2024. The highest quote for this month is 0.0668 (01/01/2024) and the lowest 0.066833 (02/01/2024). The difference between high and low is -0.05.

MYR KWD average rate for January 2024 is 0.06577, the change between 01/01/2024 and 31/01/2024 is +2.69 %.

01 January 20241 MYR = 0.0668 KWD
02 January 20241 MYR = 0.0668 KWD
03 January 20241 MYR = 0.0667 KWD
04 January 20241 MYR = 0.0667 KWD
05 January 20241 MYR = 0.0663 KWD
06 January 20241 MYR = 0.0661 KWD
07 January 20241 MYR = 0.0662 KWD
08 January 20241 MYR = 0.0660 KWD
09 January 20241 MYR = 0.0660 KWD
10 January 20241 MYR = 0.0661 KWD
11 January 20241 MYR = 0.0662 KWD
12 January 20241 MYR = 0.0661 KWD
14 January 20241 MYR = 0.0661 KWD
15 January 20241 MYR = 0.0661 KWD
16 January 20241 MYR = 0.0657 KWD
17 January 20241 MYR = 0.0662 KWD
18 January 20241 MYR = 0.0652 KWD
19 January 20241 MYR = 0.0652 KWD
22 January 20241 MYR = 0.0652 KWD
23 January 20241 MYR = 0.0650 KWD
24 January 20241 MYR = 0.0650 KWD
25 January 20241 MYR = 0.0650 KWD
26 January 20241 MYR = 0.0650 KWD
28 January 20241 MYR = 0.0651 KWD
29 January 20241 MYR = 0.0650 KWD
30 January 20241 MYR = 0.0649 KWD
31 January 20241 MYR = 0.0650 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.
MYR KWD December 2023
MYR KWD January 2024
MYR KWD February 2024
MYR KWD March 2024
MYR KWD April 2024
MYR KWD May 2024
MYR KWD June 2024
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MYR KWD December 2024