Malaysian ringgit united states dollar history for March 2023. The highest quote for this month is 0.22341 (07/03/2023) and the lowest 0.22396 (15/03/2023). The difference between high and low is -0.25.
MYR USD average rate for March 2023 is 0.22299, the change between 01/03/2023 and 31/03/2023 is -0.06 %.
| 01 March 2023 | 1 MYR = 0.2230 USD |
| 02 March 2023 | 1 MYR = 0.2237 USD |
| 07 March 2023 | 1 MYR = 0.2235 USD |
| 08 March 2023 | 1 MYR = 0.2234 USD |
| 09 March 2023 | 1 MYR = 0.2211 USD |
| 15 March 2023 | 1 MYR = 0.2231 USD |
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.