Historic South Korean Won Malaysian ringgit

South Korean Won malaysian ringgit history for February 2024. The highest quote for this month is 0.003594 (22/02/2024) and the lowest 0.003685 (09/02/2024). The difference between high and low is -2.53.

KRW MYR average rate for February 2024 is 0.00358, the change between 01/02/2024 and 29/02/2024 is -0.87 %.

01 February 20241 KRW = 0.0035 MYR
02 February 20241 KRW = 0.0036 MYR
03 February 20241 KRW = 0.0035 MYR
04 February 20241 KRW = 0.0035 MYR
05 February 20241 KRW = 0.0035 MYR
06 February 20241 KRW = 0.0036 MYR
07 February 20241 KRW = 0.0036 MYR
08 February 20241 KRW = 0.0036 MYR
09 February 20241 KRW = 0.0036 MYR
10 February 20241 KRW = 0.0036 MYR
12 February 20241 KRW = 0.0036 MYR
13 February 20241 KRW = 0.0036 MYR
14 February 20241 KRW = 0.0036 MYR
15 February 20241 KRW = 0.0036 MYR
16 February 20241 KRW = 0.0036 MYR
17 February 20241 KRW = 0.0036 MYR
18 February 20241 KRW = 0.0036 MYR
19 February 20241 KRW = 0.0036 MYR
20 February 20241 KRW = 0.0036 MYR
21 February 20241 KRW = 0.0036 MYR
22 February 20241 KRW = 0.0036 MYR
23 February 20241 KRW = 0.0036 MYR
24 February 20241 KRW = 0.0036 MYR
25 February 20241 KRW = 0.0036 MYR
26 February 20241 KRW = 0.0036 MYR
27 February 20241 KRW = 0.0036 MYR
28 February 20241 KRW = 0.0036 MYR
29 February 20241 KRW = 0.0036 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.

27/10/2008: Global Financial Crisis

The Korean Won faced significant volatility during the global financial crisis, as global markets tumbled and investor confidence wavered.

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.

01/01/1998: Establishment of IMF Program

South Korea agreed to an International Monetary Fund (IMF) bailout package, which stabilized the value of the Korean Won and initiated economic reforms.

03/12/1997: Asian Financial Crisis

The Korean Won experienced a sharp depreciation during the Asian Financial Crisis, causing severe economic hardships and requiring international assistance.

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.

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.

27/02/1980: Declaration of Martial Law

Amidst political turmoil, President Chun Doo-hwan declared martial law, causing economic instability and impacting the value of the Korean Won.

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.

22/06/1962: Introduction of the Hwan

To combat inflation, the South Korean government introduced the Hwan as the new currency, replacing the old Korean Won.

27/07/1953: Armistice Agreement

Following the Korean War, the Armistice Agreement was signed, stabilizing the region and aiding in the recovery of the Korean Won.

15/08/1945: Liberation from Japanese Rule

Upon the end of Japanese colonial rule, the Korean Won was introduced as the official currency of South Korea.
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