Historic Norwegian krone Malaysian ringgit

Norwegian krone malaysian ringgit history for October 2023. The highest quote for this month is 0.43952 (01/10/2023) and the lowest 0.44024 (02/10/2023). The difference between high and low is -0.16.

NOK MYR average rate for October 2023 is 0.4321, the change between 01/10/2023 and 31/10/2023 is +2.76 %.

01 October 20231 NOK = 0.4395 MYR
02 October 20231 NOK = 0.4393 MYR
03 October 20231 NOK = 0.4343 MYR
04 October 20231 NOK = 0.4311 MYR
05 October 20231 NOK = 0.4297 MYR
06 October 20231 NOK = 0.4314 MYR
07 October 20231 NOK = 0.4320 MYR
09 October 20231 NOK = 0.4328 MYR
10 October 20231 NOK = 0.4390 MYR
11 October 20231 NOK = 0.4373 MYR
12 October 20231 NOK = 0.4347 MYR
13 October 20231 NOK = 0.4297 MYR
16 October 20231 NOK = 0.4329 MYR
17 October 20231 NOK = 0.4332 MYR
18 October 20231 NOK = 0.4323 MYR
19 October 20231 NOK = 0.4289 MYR
20 October 20231 NOK = 0.4332 MYR
23 October 20231 NOK = 0.4307 MYR
24 October 20231 NOK = 0.4303 MYR
25 October 20231 NOK = 0.4291 MYR
26 October 20231 NOK = 0.4265 MYR
27 October 20231 NOK = 0.4278 MYR
30 October 20231 NOK = 0.4273 MYR
31 October 20231 NOK = 0.4274 MYR

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.

30/10/2016: Withdrawal of the 1000-krone banknote

The Norges Bank phased out the 1000-krone banknote, as part of efforts to combat money laundering and reduce the use of cash in the economy.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

01/01/1999: Creation of the euro

Several European countries introduced the euro as a common currency, but Norway chose to maintain the krone, cementing its separate monetary path.

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.

19/11/1992: Norway rejects European Union membership

In a referendum, Norway voted against joining the European Union, reaffirming its independent monetary policy and keeping the krone outside the eurozone.

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.

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.

22/10/1931: Devaluation of the krone

To counter the effects of the Great Depression, Norway devalued the krone by 14%, aiming to boost exports and stimulate the economy.

01/11/1920: Krone's return to the gold standard

Following the end of World War I, Norway reintroduced the gold standard for the krone, stabilizing its value and restoring confidence in the currency.

02/08/1914: Suspension of krone's gold standard

Due to the outbreak of World War I, Norway suspended the krone's convertibility into gold, allowing for more flexibility in monetary policy during the war.

27/10/1875: The introduction of the krone currency

The krone was established as the official currency of Norway, replacing the previous speciedaler, marking a significant milestone in the country's monetary history.