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

Malaysian ringgit south african rand history for November 2023. The highest quote for this month is 4.0696 (30/11/2023) and the lowest 4.0331 (24/11/2023). The difference between high and low is 0.9.

MYR ZAR average rate for November 2023 is 3.95264, the change between 01/11/2023 and 30/11/2023 is -2.53 %.

01 November 2023	1 MYR = 3.911 ZAR
02 November 2023	1 MYR = 3.868 ZAR
03 November 2023	1 MYR = 3.875 ZAR
06 November 2023	1 MYR = 3.864 ZAR
07 November 2023	1 MYR = 3.948 ZAR
08 November 2023	1 MYR = 3.957 ZAR
09 November 2023	1 MYR = 3.948 ZAR
10 November 2023	1 MYR = 3.977 ZAR
11 November 2023	1 MYR = 3.977 ZAR
12 November 2023	1 MYR = 3.979 ZAR
13 November 2023	1 MYR = 3.993 ZAR
14 November 2023	1 MYR = 3.968 ZAR
15 November 2023	1 MYR = 3.863 ZAR
16 November 2023	1 MYR = 3.893 ZAR
17 November 2023	1 MYR = 3.933 ZAR
18 November 2023	1 MYR = 3.927 ZAR
19 November 2023	1 MYR = 3.927 ZAR
20 November 2023	1 MYR = 3.926 ZAR
21 November 2023	1 MYR = 3.930 ZAR
22 November 2023	1 MYR = 4.002 ZAR
23 November 2023	1 MYR = 4.036 ZAR
24 November 2023	1 MYR = 4.022 ZAR
26 November 2023	1 MYR = 4.020 ZAR
27 November 2023	1 MYR = 4.011 ZAR
28 November 2023	1 MYR = 3.982 ZAR
29 November 2023	1 MYR = 3.977 ZAR
30 November 2023	1 MYR = 4.010 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