Historic Cayman Islands dollar Malaysian ringgit

Cayman Islands dollar malaysian ringgit history for December 2023. The highest quote for this month is 5.7735 (14/12/2023) and the lowest 5.7725 (14/12/2023). The difference between high and low is 0.02.

KYD MYR average rate for December 2023 is 5.70497, the change between 01/12/2023 and 31/12/2023 is +1.65 %.

01 December 20231 KYD = 5.71 MYR
02 December 20231 KYD = 5.70 MYR
03 December 20231 KYD = 5.70 MYR
04 December 20231 KYD = 5.73 MYR
05 December 20231 KYD = 5.73 MYR
06 December 20231 KYD = 5.72 MYR
07 December 20231 KYD = 5.72 MYR
08 December 20231 KYD = 5.73 MYR
09 December 20231 KYD = 5.69 MYR
10 December 20231 KYD = 5.69 MYR
11 December 20231 KYD = 5.71 MYR
12 December 20231 KYD = 5.74 MYR
13 December 20231 KYD = 5.75 MYR
14 December 20231 KYD = 5.76 MYR
15 December 20231 KYD = 5.73 MYR
16 December 20231 KYD = 5.69 MYR
17 December 20231 KYD = 5.69 MYR
18 December 20231 KYD = 5.70 MYR
19 December 20231 KYD = 5.76 MYR
20 December 20231 KYD = 5.75 MYR
21 December 20231 KYD = 5.71 MYR
22 December 20231 KYD = 5.71 MYR
23 December 20231 KYD = 5.65 MYR
24 December 20231 KYD = 5.65 MYR
25 December 20231 KYD = 5.70 MYR
26 December 20231 KYD = 5.67 MYR
27 December 20231 KYD = 5.68 MYR
28 December 20231 KYD = 5.68 MYR
29 December 20231 KYD = 5.62 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.

12/08/2015: Ringgit Depreciation

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

01/01/2010: Removal of 1 cent coin from circulation

Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.

01/11/2007: Transition from Crown Dependencies to Overseas Countries and Territories

The Cayman Islands, including its currency, transitioned from being labeled as a Crown Dependency to an Overseas Country and Territory.

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.

01/01/2001: Issuance of New Banknotes and Coins

New banknotes and coins with enhanced security features were introduced to combat counterfeiting.

01/01/1999: Introduction of Cayman Islands Currency Law

The Cayman Islands Currency Law was enacted to provide a legal framework for the issuance and regulation of the currency.

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.

01/07/1997: Pegging of the Cayman Islands Dollar to the US Dollar

The Cayman Islands dollar was pegged to the US dollar at a fixed exchange rate of KYD 1.00 = USD 1.20.

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.

07/11/1974: Creation of the Cayman Islands Monetary Authority

The Cayman Islands Monetary Authority was established as the central bank responsible for regulating the currency and financial institutions.

01/01/1972: Introduction of Cayman Islands Dollar

The Cayman Islands dollar was first introduced as the official currency, replacing the Jamaican 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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