Historic Malaysian ringgit Saudi riyal

Malaysian ringgit saudi riyal history for February 2024. The highest quote for this month is 0.79491 (03/02/2024) and the lowest 0.795 (02/02/2024). The difference between high and low is -0.01.

MYR SAR average rate for February 2024 is 0.78672, the change between 01/02/2024 and 29/02/2024 is +0.81 %.

01 February 20241 MYR = 0.7924 SAR
02 February 20241 MYR = 0.7926 SAR
03 February 20241 MYR = 0.7948 SAR
04 February 20241 MYR = 0.7948 SAR
05 February 20241 MYR = 0.7953 SAR
06 February 20241 MYR = 0.7890 SAR
07 February 20241 MYR = 0.7864 SAR
08 February 20241 MYR = 0.7871 SAR
09 February 20241 MYR = 0.7857 SAR
12 February 20241 MYR = 0.7865 SAR
13 February 20241 MYR = 0.7865 SAR
14 February 20241 MYR = 0.7862 SAR
15 February 20241 MYR = 0.7831 SAR
16 February 20241 MYR = 0.7838 SAR
18 February 20241 MYR = 0.7845 SAR
19 February 20241 MYR = 0.7841 SAR
20 February 20241 MYR = 0.7829 SAR
21 February 20241 MYR = 0.7809 SAR
22 February 20241 MYR = 0.7815 SAR
23 February 20241 MYR = 0.7846 SAR
24 February 20241 MYR = 0.7850 SAR
25 February 20241 MYR = 0.7850 SAR
26 February 20241 MYR = 0.7848 SAR
27 February 20241 MYR = 0.7844 SAR
28 February 20241 MYR = 0.7869 SAR
29 February 20241 MYR = 0.7859 SAR

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.

20/05/2018: SAMA grants licenses for full-fledged digital banks

SAMA issued licenses to two banks for providing digital banking services, reflecting a shift towards digitalization in the financial sector.

21/12/2016: Saudi Arabia introduces the SAR 200 note

A new 200 riyal banknote was introduced, featuring a portrait of King Abdullah bin Abdulaziz Al Saud.

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.

20/12/2003: Launch of Riyal Interbank Express (SARIE)

SAMA launched SARIE, a real-time gross settlement system, improving interbank transactions and money transfers.

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.

27/05/1997: Introduction of Saudi Arabian Monetary Agency new design series

SAMA introduced a new series of banknotes with enhanced security features to combat counterfeiting.

30/06/1986: Saudi riyal pegged to the US dollar at 3.75 SAR per USD

Saudi Arabia pegged its currency to the USD, ensuring stability and ease of trade with international partners.

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.

01/03/1952: Introduction of Saudi Arabian Monetary Agency (SAMA)

SAMA was established as the central bank of Saudi Arabia, responsible for issuing and managing the Saudi riyal.

23/09/1932: Establishment of the Kingdom of Saudi Arabia

The Saudi riyal currency was introduced following the unification of the Kingdom under King Abdulaziz Al Saud.
MYR SAR July 2023
MYR SAR August 2023
MYR SAR September 2023
MYR SAR October 2023
MYR SAR November 2023
MYR SAR December 2023
MYR SAR January 2024
MYR SAR February 2024
MYR SAR March 2024
MYR SAR April 2024
MYR SAR May 2024
MYR SAR June 2024
MYR SAR July 2024