Historic Malaysian ringgit Maldivian rufiyaa

Malaysian ringgit maldivian rufiyaa history for February 2024. The highest quote for this month is 3.2701 (03/02/2024) and the lowest 3.2704 (04/02/2024). The difference between high and low is -0.01.

MYR MVR average rate for February 2024 is 3.20436, the change between 01/02/2024 and 29/02/2024 is +1.16 %.

01 February 20241 MYR = 3.228 MVR
02 February 20241 MYR = 3.227 MVR
03 February 20241 MYR = 3.270 MVR
04 February 20241 MYR = 3.270 MVR
05 February 20241 MYR = 3.234 MVR
06 February 20241 MYR = 3.212 MVR
07 February 20241 MYR = 3.198 MVR
08 February 20241 MYR = 3.205 MVR
09 February 20241 MYR = 3.188 MVR
12 February 20241 MYR = 3.181 MVR
13 February 20241 MYR = 3.181 MVR
14 February 20241 MYR = 3.180 MVR
15 February 20241 MYR = 3.178 MVR
16 February 20241 MYR = 3.192 MVR
17 February 20241 MYR = 3.227 MVR
18 February 20241 MYR = 3.227 MVR
19 February 20241 MYR = 3.192 MVR
20 February 20241 MYR = 3.187 MVR
21 February 20241 MYR = 3.169 MVR
22 February 20241 MYR = 3.172 MVR
23 February 20241 MYR = 3.183 MVR
24 February 20241 MYR = 3.229 MVR
25 February 20241 MYR = 3.229 MVR
26 February 20241 MYR = 3.185 MVR
27 February 20241 MYR = 3.185 MVR
28 February 20241 MYR = 3.195 MVR
29 February 20241 MYR = 3.191 MVR

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.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

12/08/2015: Ringgit Depreciation

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

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

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.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

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.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

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.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
MYR MVR January 2024
MYR MVR February 2024
MYR MVR March 2024
MYR MVR April 2024
MYR MVR May 2024
MYR MVR June 2024
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MYR MVR September 2024
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MYR MVR January 2025