Historic Malaysian ringgit Solomon Islands Dollar

Malaysian ringgit solomon islands dollar history since 13/05/2024 until today (0 years). Search for MYR to SBD exchange rate history for a particular date, month or year.

is the currency (supplied by Bank Negara Malaysia and the currency supplied by Central Bank of Solomon Islands. The MYR SBD historical data can be seen on the Malaysian ringgit solomon islands dollar historical chart.

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.

28/06/2019: Withdrawal of the $2 note

The Central Bank of Solomon Islands announced the withdrawal of the $2 note from circulation, promoting the use of coins instead.

12/08/2015: Ringgit Depreciation

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

02/01/2012: Introduction of polymer banknotes

The Central Bank of Solomon Islands issued polymer banknotes to replace the paper ones, enhancing durability and security.

02/05/2011: Renewal of currency design

The Central Bank of Solomon Islands introduced new banknotes with enhanced security features and a refreshed design.

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.

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.

22/03/1993: Introduction of the $2 coin

The $2 coin was introduced as a new denomination of the Solomon Islands Dollar.

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.

25/01/1979: Monetary Authority Act

The Monetary Authority Act was passed, establishing the Central Bank of Solomon Islands as the sole issuer and regulator of the SBD.

06/07/1977: Introduction of the Solomon Islands Dollar

The Solomon Islands Dollar was introduced as the official currency replacing the Australian Dollar at a rate of 1:1.

07/06/1977: Independence of Solomon Islands

Solomon Islands gained independence from British rule, establishing the need for their own currency, the Solomon Islands Dollar (SBD).

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.