Historic Bermudian dollar Malaysian ringgit

Bermudian dollar malaysian ringgit history for January 2024. The highest quote for this month is 4.7376 (23/01/2024) and the lowest 4.7265 (25/01/2024). The difference between high and low is 0.23.

BMD MYR average rate for January 2024 is 4.66943, the change between 01/01/2024 and 31/01/2024 is -2.9 %.

01 January 20241 BMD = 4.593 MYR
02 January 20241 BMD = 4.593 MYR
03 January 20241 BMD = 4.601 MYR
04 January 20241 BMD = 4.601 MYR
05 January 20241 BMD = 4.633 MYR
06 January 20241 BMD = 4.653 MYR
07 January 20241 BMD = 4.646 MYR
08 January 20241 BMD = 4.652 MYR
09 January 20241 BMD = 4.649 MYR
10 January 20241 BMD = 4.641 MYR
11 January 20241 BMD = 4.641 MYR
12 January 20241 BMD = 4.644 MYR
13 January 20241 BMD = 4.646 MYR
14 January 20241 BMD = 4.645 MYR
15 January 20241 BMD = 4.645 MYR
16 January 20241 BMD = 4.667 MYR
17 January 20241 BMD = 4.644 MYR
18 January 20241 BMD = 4.715 MYR
19 January 20241 BMD = 4.715 MYR
22 January 20241 BMD = 4.712 MYR
23 January 20241 BMD = 4.724 MYR
24 January 20241 BMD = 4.724 MYR
25 January 20241 BMD = 4.727 MYR
26 January 20241 BMD = 4.729 MYR
28 January 20241 BMD = 4.725 MYR
29 January 20241 BMD = 4.725 MYR
30 January 20241 BMD = 4.732 MYR
31 January 20241 BMD = 4.726 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.

01/01/2019: Switch to the Bermuda dollar symbol

Bermuda officially adopted a new currency symbol for the Bermudian dollar, replacing the British pound sign used previously.

12/08/2015: Ringgit Depreciation

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

16/03/2015: Redesign of banknotes

The Bermuda Monetary Authority unveiled a redesigned series of banknotes featuring enhanced security features and updated designs.

01/05/2012: Introduction of polymer banknotes

Bermuda introduced polymer banknotes to replace paper currency for better durability and security.

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.

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.

01/01/1997: Incorporation into Federal Reserve System

The US Federal Reserve System incorporated the Bermuda Monetary Authority into its banking system.

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.

06/01/1982: New notes and coins

Bermuda issued new notes and coins, featuring iconic local sights, to commemorate its 375th anniversary.

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.

25/02/1972: Introduction of decimal coins

Bermuda introduced a decimal currency system, replacing the old pounds, shillings, and pence.

06/07/1970: Currency Board Agreement

Bermuda established a Currency Board System, pegging the Bermudian dollar at par with the US dollar.

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.
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