Maldivian rufiyaa indonesian rupiah exchange rate history (MVR IDR) October 2023

Maldivian rufiyaa indonesian rupiah history for October 2023. The highest quote for this month is 1048.29 (28/10/2023) and the lowest 1048.29 (28/10/2023). The difference between high and low is 0.

MVR IDR average rate for October 2023 is 1030.75143, the change between 01/10/2023 and 31/10/2023 is -3.69 %.

01 October 2023	1 MVR = 1001.88 IDR
02 October 2023	1 MVR = 1012.98 IDR
03 October 2023	1 MVR = 1020.79 IDR
04 October 2023	1 MVR = 1024.39 IDR
05 October 2023	1 MVR = 1021.69 IDR
06 October 2023	1 MVR = 1024.31 IDR
07 October 2023	1 MVR = 1011.93 IDR
09 October 2023	1 MVR = 1023.15 IDR
10 October 2023	1 MVR = 1028.94 IDR
11 October 2023	1 MVR = 1030.72 IDR
12 October 2023	1 MVR = 1029.05 IDR
13 October 2023	1 MVR = 1032.07 IDR
16 October 2023	1 MVR = 1031.32 IDR
17 October 2023	1 MVR = 1030.57 IDR
18 October 2023	1 MVR = 1034.07 IDR
19 October 2023	1 MVR = 1036.52 IDR
20 October 2023	1 MVR = 1039.06 IDR
21 October 2023	1 MVR = 1029.12 IDR
22 October 2023	1 MVR = 1028.08 IDR
23 October 2023	1 MVR = 1040.52 IDR
24 October 2023	1 MVR = 1040.92 IDR
25 October 2023	1 MVR = 1040.52 IDR
26 October 2023	1 MVR = 1041.15 IDR
27 October 2023	1 MVR = 1043.93 IDR
28 October 2023	1 MVR = 1048.29 IDR
29 October 2023	1 MVR = 1033.33 IDR
30 October 2023	1 MVR = 1042.85 IDR
31 October 2023	1 MVR = 1038.89 IDR

04/03/2020: Rupiah Hits Lowest Point

The Rupiah reached its weakest level against the US dollar since the 1998 financial crisis, reflecting global economic uncertainty and the impact of the COVID-19 pandemic.

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.

27/07/2015: New Banknotes and Coins

The Bank of Indonesia introduced a new series of banknotes and coins with enhanced security features and updated designs to commemorate the country's achievements.

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.

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.

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.

20/05/1998: Revaluation of Rupiah

As a response to the financial crisis, the Indonesian government revalued the Rupiah by removing three zeros from the currency, aiming to stabilize its value.

01/07/1997: Asian Financial Crisis

Indonesia, along with other Southeast Asian nations, experienced a severe currency crisis as the Rupiah plummeted in value against the US dollar, leading to economic turmoil.

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.

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.

29/11/1965: New Rupiah Symbol

The official symbol for the Rupiah (Rp) was introduced, replacing the previous abbreviation of 'Rp.' This symbol is still in use today.

31/05/1952: Currency Exchange Law

The Currency Exchange Law was enacted, establishing a fixed exchange rate for the Rupiah against the Dutch guilder, marking a significant milestone in the currency's stability.

26/12/1949: Independence of Indonesia

Following Indonesia's independence from the Netherlands, the Rupiah was introduced as the official currency of the newly formed republic.

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.

Historic Maldivian rufiyaa Indonesian Rupiah