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

Malaysian ringgit south african rand history for October 2023. The highest quote for this month is 4.1679 (07/10/2023) and the lowest 4.0933 (09/10/2023). The difference between high and low is 1.79.

MYR ZAR average rate for October 2023 is 4.01005, the change between 01/10/2023 and 31/10/2023 is +1.58 %.

01 October 2023	1 MYR = 4.021 ZAR
02 October 2023	1 MYR = 4.023 ZAR
03 October 2023	1 MYR = 4.075 ZAR
04 October 2023	1 MYR = 4.087 ZAR
05 October 2023	1 MYR = 4.085 ZAR
06 October 2023	1 MYR = 4.129 ZAR
07 October 2023	1 MYR = 4.097 ZAR
09 October 2023	1 MYR = 4.109 ZAR
10 October 2023	1 MYR = 4.047 ZAR
11 October 2023	1 MYR = 4.022 ZAR
12 October 2023	1 MYR = 3.989 ZAR
13 October 2023	1 MYR = 4.036 ZAR
16 October 2023	1 MYR = 4.014 ZAR
17 October 2023	1 MYR = 3.966 ZAR
18 October 2023	1 MYR = 3.970 ZAR
19 October 2023	1 MYR = 4.001 ZAR
20 October 2023	1 MYR = 3.990 ZAR
21 October 2023	1 MYR = 3.963 ZAR
22 October 2023	1 MYR = 3.984 ZAR
23 October 2023	1 MYR = 3.981 ZAR
24 October 2023	1 MYR = 3.977 ZAR
25 October 2023	1 MYR = 3.971 ZAR
26 October 2023	1 MYR = 4.004 ZAR
27 October 2023	1 MYR = 3.958 ZAR
28 October 2023	1 MYR = 3.949 ZAR
29 October 2023	1 MYR = 3.949 ZAR
30 October 2023	1 MYR = 3.929 ZAR
31 October 2023	1 MYR = 3.957 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