Historic Malaysian ringgit United States dollar

Malaysian ringgit united states dollar history for May 2023. The highest quote for this month is 0.22215 (15/05/2023) and the lowest 0.22297 (15/05/2023). The difference between high and low is -0.37.

MYR USD average rate for May 2023 is 0.22062, the change between 01/05/2023 and 31/05/2023 is +2.64 %.

15 May 20231 MYR = 0.2234 USD
17 May 20231 MYR = 0.2226 USD
24 May 20231 MYR = 0.2190 USD
31 May 20231 MYR = 0.2175 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.