Malaysian ringgit somali shilling history for January 2024. The highest quote for this month is 123.68 (01/01/2024) and the lowest 123.76 (02/01/2024). The difference between high and low is -0.06.
MYR SOS average rate for January 2024 is 121.61913, the change between 01/01/2024 and 31/01/2024 is +2.81 %.
01 January 2024 | 1 MYR = 123.7 SOS |
02 January 2024 | 1 MYR = 123.7 SOS |
03 January 2024 | 1 MYR = 123.5 SOS |
04 January 2024 | 1 MYR = 123.5 SOS |
05 January 2024 | 1 MYR = 122.6 SOS |
08 January 2024 | 1 MYR = 122.1 SOS |
09 January 2024 | 1 MYR = 122.2 SOS |
10 January 2024 | 1 MYR = 122.4 SOS |
11 January 2024 | 1 MYR = 122.4 SOS |
12 January 2024 | 1 MYR = 122.3 SOS |
15 January 2024 | 1 MYR = 122.3 SOS |
16 January 2024 | 1 MYR = 121.7 SOS |
17 January 2024 | 1 MYR = 122.3 SOS |
18 January 2024 | 1 MYR = 120.5 SOS |
19 January 2024 | 1 MYR = 120.5 SOS |
22 January 2024 | 1 MYR = 120.5 SOS |
23 January 2024 | 1 MYR = 120.2 SOS |
24 January 2024 | 1 MYR = 120.2 SOS |
25 January 2024 | 1 MYR = 120.2 SOS |
26 January 2024 | 1 MYR = 120.1 SOS |
29 January 2024 | 1 MYR = 120.2 SOS |
30 January 2024 | 1 MYR = 120.0 SOS |
31 January 2024 | 1 MYR = 120.2 SOS |
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.
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.
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.