Historic Cayman Islands dollar Malaysian ringgit

Cayman Islands dollar malaysian ringgit history for February 2024. The highest quote for this month is 5.8926 (21/02/2024) and the lowest 5.8853 (21/02/2024). The difference between high and low is 0.12.

KYD MYR average rate for February 2024 is 5.83458, the change between 01/02/2024 and 29/02/2024 is -0.88 %.

01 February 20241 KYD = 5.81 MYR
02 February 20241 KYD = 5.80 MYR
03 February 20241 KYD = 5.75 MYR
04 February 20241 KYD = 5.75 MYR
05 February 20241 KYD = 5.73 MYR
06 February 20241 KYD = 5.82 MYR
07 February 20241 KYD = 5.84 MYR
08 February 20241 KYD = 5.84 MYR
09 February 20241 KYD = 5.85 MYR
10 February 20241 KYD = 5.80 MYR
12 February 20241 KYD = 5.85 MYR
13 February 20241 KYD = 5.85 MYR
14 February 20241 KYD = 5.85 MYR
15 February 20241 KYD = 5.87 MYR
16 February 20241 KYD = 5.87 MYR
17 February 20241 KYD = 5.83 MYR
18 February 20241 KYD = 5.83 MYR
19 February 20241 KYD = 5.86 MYR
20 February 20241 KYD = 5.87 MYR
21 February 20241 KYD = 5.89 MYR
22 February 20241 KYD = 5.88 MYR
23 February 20241 KYD = 5.86 MYR
24 February 20241 KYD = 5.82 MYR
25 February 20241 KYD = 5.82 MYR
26 February 20241 KYD = 5.86 MYR
27 February 20241 KYD = 5.86 MYR
28 February 20241 KYD = 5.84 MYR
29 February 20241 KYD = 5.86 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Due to its low purchasing power and production costs, the 1 cent coin was withdrawn from circulation in the Cayman Islands.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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