Historic Cuban peso Malaysian ringgit

Cuban peso malaysian ringgit history for January 2024. The highest quote for this month is 0.19759 (23/01/2024) and the lowest 0.19741 (31/01/2024). The difference between high and low is 0.09.

CUP MYR average rate for January 2024 is 0.19475, the change between 01/01/2024 and 31/01/2024 is -3.11 %.

01 January 20241 CUP = 0.1912 MYR
02 January 20241 CUP = 0.1910 MYR
03 January 20241 CUP = 0.1919 MYR
04 January 20241 CUP = 0.1921 MYR
05 January 20241 CUP = 0.1933 MYR
06 January 20241 CUP = 0.1939 MYR
07 January 20241 CUP = 0.1936 MYR
08 January 20241 CUP = 0.1946 MYR
09 January 20241 CUP = 0.1940 MYR
10 January 20241 CUP = 0.1937 MYR
11 January 20241 CUP = 0.1936 MYR
12 January 20241 CUP = 0.1937 MYR
13 January 20241 CUP = 0.1936 MYR
14 January 20241 CUP = 0.1935 MYR
15 January 20241 CUP = 0.1940 MYR
16 January 20241 CUP = 0.1949 MYR
17 January 20241 CUP = 0.1935 MYR
18 January 20241 CUP = 0.1967 MYR
19 January 20241 CUP = 0.1967 MYR
22 January 20241 CUP = 0.1967 MYR
23 January 20241 CUP = 0.1971 MYR
24 January 20241 CUP = 0.1972 MYR
25 January 20241 CUP = 0.1972 MYR
26 January 20241 CUP = 0.1972 MYR
28 January 20241 CUP = 0.1969 MYR
29 January 20241 CUP = 0.1969 MYR
30 January 20241 CUP = 0.1975 MYR
31 January 20241 CUP = 0.1971 MYR

01/01/2021: End of Monetary Dualism

The Cuban government completed the currency unification process, eliminating the convertible peso (CUC) and establishing a single currency system with the Cuban peso (CUP).

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.

20/12/2013: Currency Unification Implementation

The Cuban government officially started the process of currency unification, gradually phasing out the convertible peso (CUC) and improving monetary policy.

25/10/2011: Currency Unification Announced

The Cuban government announced plans to eliminate the dual currency system and unify the CUP and CUC.

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.

08/12/2004: Elimination of US Dollar Circulation

The Cuban government announced the withdrawal of the US dollar as legal tender and introduced the convertible peso (CUC) as a replacement.

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.

07/12/1994: Dollarization Decree

Cubans were allowed to hold and transact in foreign currencies, primarily the US dollar, to counter the economic crisis.

01/08/1994: Special Period

The Cuban economy faced a severe crisis due to the collapse of the Soviet Union, leading to currency devaluation and economic reforms.

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.

01/01/1961: Nationalization of Banks

The Cuban government nationalized all private and foreign-owned banks, including their currency holdings.
CUP MYR January 2024
CUP MYR February 2024
CUP MYR March 2024
CUP MYR April 2024
CUP MYR May 2024
CUP MYR June 2024
CUP MYR July 2024
CUP MYR August 2024
CUP MYR September 2024
CUP MYR October 2024
CUP MYR November 2024
CUP MYR December 2024
CUP MYR January 2025