Historic Maldivian rufiyaa Indonesian Rupiah

Maldivian rufiyaa indonesian rupiah history for September 2023. The highest quote for this month is 1022.79 (28/09/2023) and the lowest 1013.05 (30/09/2023). The difference between high and low is 0.95.

MVR IDR average rate for September 2023 is 1004.99292, the change between 01/09/2023 and 30/09/2023 is -0.31 %.

01 September 20231 MVR = 998.8 IDR
04 September 20231 MVR = 998.9 IDR
05 September 20231 MVR = 998.5 IDR
06 September 20231 MVR = 1003.15 IDR
07 September 20231 MVR = 1001.04 IDR
08 September 20231 MVR = 1002.75 IDR
11 September 20231 MVR = 1000.52 IDR
12 September 20231 MVR = 1001.90 IDR
13 September 20231 MVR = 1002.63 IDR
14 September 20231 MVR = 1004.78 IDR
15 September 20231 MVR = 1005.55 IDR
18 September 20231 MVR = 1003.01 IDR
19 September 20231 MVR = 1005.03 IDR
20 September 20231 MVR = 1005.52 IDR
21 September 20231 MVR = 1007.28 IDR
22 September 20231 MVR = 1013.19 IDR
23 September 20231 MVR = 996.7 IDR
24 September 20231 MVR = 996.7 IDR
25 September 20231 MVR = 1011.05 IDR
26 September 20231 MVR = 1010.16 IDR
27 September 20231 MVR = 1015.27 IDR
28 September 20231 MVR = 1020.92 IDR
29 September 20231 MVR = 1014.69 IDR
30 September 20231 MVR = 1001.88 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.