Historic Maldivian rufiyaa Australian dollar

Maldivian rufiyaa australian dollar history for February 2024. The highest quote for this month is 0.10238 (14/02/2024) and the lowest 0.10169 (14/02/2024). The difference between high and low is 0.67.

MVR AUD average rate for February 2024 is 0.10035, the change between 01/02/2024 and 29/02/2024 is -1.36 %.

01 February 20241 MVR = 0.0999 AUD
02 February 20241 MVR = 0.0997 AUD
03 February 20241 MVR = 0.0995 AUD
04 February 20241 MVR = 0.0995 AUD
05 February 20241 MVR = 0.1008 AUD
06 February 20241 MVR = 0.1012 AUD
07 February 20241 MVR = 0.1006 AUD
08 February 20241 MVR = 0.1005 AUD
09 February 20241 MVR = 0.1013 AUD
12 February 20241 MVR = 0.1012 AUD
13 February 20241 MVR = 0.1011 AUD
14 February 20241 MVR = 0.1023 AUD
15 February 20241 MVR = 0.1012 AUD
16 February 20241 MVR = 0.1005 AUD
17 February 20241 MVR = 0.0993 AUD
18 February 20241 MVR = 0.0992 AUD
19 February 20241 MVR = 0.1003 AUD
20 February 20241 MVR = 0.1004 AUD
21 February 20241 MVR = 0.1004 AUD
22 February 20241 MVR = 0.1004 AUD
23 February 20241 MVR = 0.1003 AUD
24 February 20241 MVR = 0.0988 AUD
25 February 20241 MVR = 0.0988 AUD
26 February 20241 MVR = 0.1002 AUD
27 February 20241 MVR = 0.1005 AUD
28 February 20241 MVR = 0.1005 AUD
29 February 20241 MVR = 0.1012 AUD

18/03/2020: COVID-19 pandemic impact

The Australian dollar experienced a sharp decline due to the global economic impact of the COVID-19 pandemic and uncertainty in financial markets.

15/01/2019: Introduction of New Banknotes

New series of banknotes with enhanced security features and improved designs were introduced by the Maldives Monetary Authority.

01/09/2014: Introduction of Polymer Banknotes

Polymer banknotes were introduced in the Maldives, replacing the traditional paper banknotes, enhancing their durability and security features.

13/10/2011: Record high exchange rate

The Australian dollar reached a record high exchange rate of above $1.10 against the US dollar, driven by strong commodity demand and high interest rates.

01/07/2011: Redenomination of the Rufiyaa

The Maldivian Rufiyaa underwent redenomination, with new banknotes and coins introduced to simplify transactions and reduce the number of zeros.

06/10/2008: Global Financial Crisis

The Australian dollar experienced a significant decline due to the impact of the global financial crisis, reaching a low point of around $0.60 against the US dollar.

01/01/2002: Decimalization of the Rufiyaa

The Maldivian Rufiyaa was decimalized, with 100 laari equaling 1 Rufiyaa, replacing the previous system of 1 Rufiyaa equalling 100 lari.

30/06/1996: Introduction of the polymer banknotes

Australia introduced polymer banknotes, replacing the paper-based banknotes, enhancing their durability and security features.

01/09/1983: Introduction of the Maldivian Rufiyaa

The Maldivian Rufiyaa was introduced as the new currency, replacing the Maldivian Rupee at a 1:1 exchange rate.

08/03/1983: Floating of the Australian dollar

The Australian dollar was fully floated and allowed to fluctuate freely on the foreign exchange market, leading to increased volatility.

01/09/1981: Establishment of the Maldives Monetary Authority

The Maldives Monetary Authority (MMA) was established as the central bank of the Maldives, responsible for issuing and managing the currency.

12/12/1971: End of the fixed exchange rate

Australia shifted from a fixed exchange rate to a flexible exchange rate, allowing market forces to determine the value of the Australian dollar.

13/02/1966: Decimalisation of the Australian currency

Australia adopted decimal currency, replacing the pound with the Australian dollar, symbol 'A$'.

22/10/1947: Introduction of the Maldivian Rupee

The Maldivian Indian Rupee was adopted as the official currency of the Maldives, replacing the Ceylonese Rupee.
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