Historic Malaysian ringgit Singapore dollar

Malaysian ringgit singapore dollar history for August 2023. The highest quote for this month is 0.29561 (02/08/2023) and the lowest 0.29791 (14/08/2023). The difference between high and low is -0.78.

MYR SGD average rate for August 2023 is 0.29324, the change between 01/08/2023 and 31/08/2023 is +0.9 %.

01 August 20231 MYR = 0.2937 SGD
02 August 20231 MYR = 0.2953 SGD
03 August 20231 MYR = 0.2945 SGD
04 August 20231 MYR = 0.2952 SGD
07 August 20231 MYR = 0.2942 SGD
08 August 20231 MYR = 0.2942 SGD
09 August 20231 MYR = 0.2943 SGD
10 August 20231 MYR = 0.2947 SGD
11 August 20231 MYR = 0.2953 SGD
12 August 20231 MYR = 0.2949 SGD
14 August 20231 MYR = 0.2952 SGD
15 August 20231 MYR = 0.2936 SGD
16 August 20231 MYR = 0.2932 SGD
17 August 20231 MYR = 0.2940 SGD
18 August 20231 MYR = 0.2920 SGD
20 August 20231 MYR = 0.2921 SGD
21 August 20231 MYR = 0.2921 SGD
22 August 20231 MYR = 0.2921 SGD
23 August 20231 MYR = 0.2922 SGD
24 August 20231 MYR = 0.2910 SGD
25 August 20231 MYR = 0.2922 SGD
28 August 20231 MYR = 0.2923 SGD
29 August 20231 MYR = 0.2913 SGD
30 August 20231 MYR = 0.2907 SGD
31 August 20231 MYR = 0.2910 SGD

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic impact of the COVID-19 pandemic.

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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

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.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.