Historic Kuwaiti Dinar Malaysian ringgit

Kuwaiti Dinar malaysian ringgit history for January 2024. The highest quote for this month is 15.409 (24/01/2024) and the lowest 15.396 (25/01/2024). The difference between high and low is 0.08.

KWD MYR average rate for January 2024 is 15.20615, the change between 01/01/2024 and 31/01/2024 is -2.76 %.

01 January 20241 KWD = 14.97 MYR
02 January 20241 KWD = 14.97 MYR
03 January 20241 KWD = 14.99 MYR
04 January 20241 KWD = 14.99 MYR
05 January 20241 KWD = 15.09 MYR
06 January 20241 KWD = 15.13 MYR
07 January 20241 KWD = 15.10 MYR
08 January 20241 KWD = 15.15 MYR
09 January 20241 KWD = 15.15 MYR
10 January 20241 KWD = 15.12 MYR
11 January 20241 KWD = 15.12 MYR
12 January 20241 KWD = 15.14 MYR
14 January 20241 KWD = 15.12 MYR
15 January 20241 KWD = 15.14 MYR
16 January 20241 KWD = 15.21 MYR
17 January 20241 KWD = 15.12 MYR
18 January 20241 KWD = 15.34 MYR
19 January 20241 KWD = 15.34 MYR
22 January 20241 KWD = 15.33 MYR
23 January 20241 KWD = 15.38 MYR
24 January 20241 KWD = 15.38 MYR
25 January 20241 KWD = 15.39 MYR
26 January 20241 KWD = 15.40 MYR
28 January 20241 KWD = 15.36 MYR
29 January 20241 KWD = 15.39 MYR
30 January 20241 KWD = 15.41 MYR
31 January 20241 KWD = 15.38 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.

20/05/2007: Kuwaiti Dinar Redenominated

The Kuwaiti Dinar underwent a redenomination, with the introduction of new banknotes and removal of three zeros from the currency.

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.

20/03/2003: US Invasion of Iraq

The United States and its allies invaded Iraq, leading to a period of uncertainty and affecting the value of the Kuwaiti Dinar.

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.

25/03/1991: Kuwait Liberated

Coalition forces led by the United States liberated Kuwait from Iraqi occupation, restoring stability to the country and its currency.

02/08/1990: Iraqi Invasion of Kuwait

Iraqi forces invaded Kuwait, leading to the Gulf War and causing a significant decline in the value of the Kuwaiti Dinar.

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.

16/09/1980: Iraq-Iran War Begins

The Iraq-Iran War started, leading to economic instability in the region and affecting the value of the Kuwaiti Dinar.

20/10/1975: Kuwait Dinar Pegged to Special Drawing Rights (SDR)

Kuwait pegged its currency to a basket of international currencies known as Special Drawing Rights (SDR) instead of the US Dollar.

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.

02/01/1961: Kuwaiti Dinar Introduced

The Kuwaiti Dinar (KWD) was officially introduced as the currency of Kuwait, replacing the Gulf Rupee.
KWD MYR January 2024
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