Historic Guyanese dollar Malaysian ringgit

Guyanese dollar malaysian ringgit history for February 2024. The highest quote for this month is 0.023992 (21/02/2024) and the lowest 0.023983 (21/02/2024). The difference between high and low is 0.04.

GYD MYR average rate for February 2024 is 0.0236, the change between 01/02/2024 and 29/02/2024 is -0.87 %.

01 February 20241 GYD = 0.0237 MYR
02 February 20241 GYD = 0.0236 MYR
03 February 20241 GYD = 0.0227 MYR
04 February 20241 GYD = 0.0227 MYR
05 February 20241 GYD = 0.0234 MYR
06 February 20241 GYD = 0.0237 MYR
07 February 20241 GYD = 0.0238 MYR
08 February 20241 GYD = 0.0238 MYR
09 February 20241 GYD = 0.0238 MYR
12 February 20241 GYD = 0.0238 MYR
13 February 20241 GYD = 0.0238 MYR
14 February 20241 GYD = 0.0238 MYR
15 February 20241 GYD = 0.0239 MYR
16 February 20241 GYD = 0.0239 MYR
17 February 20241 GYD = 0.0229 MYR
18 February 20241 GYD = 0.0229 MYR
19 February 20241 GYD = 0.0239 MYR
20 February 20241 GYD = 0.0239 MYR
21 February 20241 GYD = 0.0240 MYR
22 February 20241 GYD = 0.0239 MYR
23 February 20241 GYD = 0.0238 MYR
24 February 20241 GYD = 0.0230 MYR
25 February 20241 GYD = 0.0230 MYR
26 February 20241 GYD = 0.0239 MYR
27 February 20241 GYD = 0.0239 MYR
28 February 20241 GYD = 0.0238 MYR
29 February 20241 GYD = 0.0239 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.

01/01/2020: Transition to Polymer Banknotes

Polymer banknotes were introduced in Guyana, enhancing the durability and security features of the Guyanese dollar.

12/08/2015: Ringgit Depreciation

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

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.

03/02/2003: Redenomination of the Currency

The Guyanese dollar underwent a redenomination, with old banknotes replaced by new notes at a rate of 1,000 old dollars to 1 new dollar.

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.

05/10/1992: Resumption of Banking System

The resumption of the banking system in Guyana significantly improved the stability and accessibility of the Guyanese dollar.

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.

26/05/1966: Independence of Guyana

Following Guyana's independence from Britain, the currency was renamed from British Guiana dollar to Guyanese dollar.

12/09/1951: Currency Board Established

A Currency Board was established to manage the British Guiana dollar, ensuring its stability and convertibility.

06/08/1917: Currency Act of 1917

The British Guiana dollar was revalued at a rate of 4.80 dollars to 1 U.S. dollar, following the Currency Act of 1917.

18/01/1839: Introduction of the British Guiana dollar

British Guiana dollar introduced as the official currency of British Guiana, replacing the Spanish and Portuguese coins previously in circulation.
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