Malaysian ringgit south african rand exchange rate history (MYR ZAR) December 2023

Malaysian ringgit south african rand history for December 2023. The highest quote for this month is 4.0887 (11/12/2023) and the lowest 4.0703 (10/12/2023). The difference between high and low is 0.45.

MYR ZAR average rate for December 2023 is 3.99037, the change between 01/12/2023 and 31/12/2023 is +0.33 %.

01 December 2023	1 MYR = 4.045 ZAR
02 December 2023	1 MYR = 3.990 ZAR
03 December 2023	1 MYR = 3.990 ZAR
04 December 2023	1 MYR = 3.980 ZAR
05 December 2023	1 MYR = 4.025 ZAR
06 December 2023	1 MYR = 4.065 ZAR
07 December 2023	1 MYR = 4.063 ZAR
08 December 2023	1 MYR = 4.025 ZAR
10 December 2023	1 MYR = 4.070 ZAR
11 December 2023	1 MYR = 4.055 ZAR
12 December 2023	1 MYR = 4.075 ZAR
13 December 2023	1 MYR = 4.042 ZAR
14 December 2023	1 MYR = 3.971 ZAR
15 December 2023	1 MYR = 3.921 ZAR
16 December 2023	1 MYR = 3.930 ZAR
17 December 2023	1 MYR = 3.930 ZAR
18 December 2023	1 MYR = 3.916 ZAR
19 December 2023	1 MYR = 3.960 ZAR
20 December 2023	1 MYR = 3.914 ZAR
21 December 2023	1 MYR = 3.920 ZAR
22 December 2023	1 MYR = 3.904 ZAR
23 December 2023	1 MYR = 3.984 ZAR
24 December 2023	1 MYR = 3.984 ZAR
25 December 2023	1 MYR = 3.969 ZAR
26 December 2023	1 MYR = 3.985 ZAR
27 December 2023	1 MYR = 4.023 ZAR
28 December 2023	1 MYR = 3.965 ZAR
29 December 2023	1 MYR = 4.032 ZAR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.

Historic Malaysian ringgit South African rand