South African rand malaysian ringgit exchange rate history (ZAR MYR) October 2023

South African rand malaysian ringgit history for October 2023. The highest quote for this month is 0.25343 (30/10/2023) and the lowest 0.25471 (31/10/2023). The difference between high and low is -0.51.

ZAR MYR average rate for October 2023 is 0.24942, the change between 01/10/2023 and 31/10/2023 is -1.61 %.

01 October 2023	1 ZAR = 0.2487 MYR
02 October 2023	1 ZAR = 0.2486 MYR
03 October 2023	1 ZAR = 0.2454 MYR
04 October 2023	1 ZAR = 0.2447 MYR
05 October 2023	1 ZAR = 0.2448 MYR
06 October 2023	1 ZAR = 0.2422 MYR
07 October 2023	1 ZAR = 0.2441 MYR
09 October 2023	1 ZAR = 0.2434 MYR
10 October 2023	1 ZAR = 0.2471 MYR
11 October 2023	1 ZAR = 0.2486 MYR
12 October 2023	1 ZAR = 0.2507 MYR
13 October 2023	1 ZAR = 0.2477 MYR
16 October 2023	1 ZAR = 0.2491 MYR
17 October 2023	1 ZAR = 0.2521 MYR
18 October 2023	1 ZAR = 0.2519 MYR
19 October 2023	1 ZAR = 0.2500 MYR
20 October 2023	1 ZAR = 0.2506 MYR
21 October 2023	1 ZAR = 0.2524 MYR
22 October 2023	1 ZAR = 0.2510 MYR
23 October 2023	1 ZAR = 0.2512 MYR
24 October 2023	1 ZAR = 0.2514 MYR
25 October 2023	1 ZAR = 0.2518 MYR
26 October 2023	1 ZAR = 0.2498 MYR
27 October 2023	1 ZAR = 0.2527 MYR
28 October 2023	1 ZAR = 0.2532 MYR
29 October 2023	1 ZAR = 0.2532 MYR
30 October 2023	1 ZAR = 0.2545 MYR
31 October 2023	1 ZAR = 0.2527 MYR

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 South African rand Malaysian ringgit