Maldivian rufiyaa malaysian ringgit exchange rate history (MVR MYR) October 2023

Maldivian rufiyaa malaysian ringgit history for October 2023. The highest quote for this month is 0.31421 (28/10/2023) and the lowest 0.31421 (28/10/2023). The difference between high and low is 0.

MVR MYR average rate for October 2023 is 0.31047, the change between 01/10/2023 and 31/10/2023 is -2.55 %.

01 October 2023	1 MVR = 0.3044 MYR
02 October 2023	1 MVR = 0.3077 MYR
03 October 2023	1 MVR = 0.3102 MYR
04 October 2023	1 MVR = 0.3096 MYR
05 October 2023	1 MVR = 0.3099 MYR
06 October 2023	1 MVR = 0.3096 MYR
07 October 2023	1 MVR = 0.3055 MYR
09 October 2023	1 MVR = 0.3089 MYR
10 October 2023	1 MVR = 0.3101 MYR
11 October 2023	1 MVR = 0.3098 MYR
12 October 2023	1 MVR = 0.3093 MYR
13 October 2023	1 MVR = 0.3089 MYR
16 October 2023	1 MVR = 0.3109 MYR
17 October 2023	1 MVR = 0.3112 MYR
18 October 2023	1 MVR = 0.3112 MYR
19 October 2023	1 MVR = 0.3110 MYR
20 October 2023	1 MVR = 0.3121 MYR
21 October 2023	1 MVR = 0.3090 MYR
22 October 2023	1 MVR = 0.3090 MYR
23 October 2023	1 MVR = 0.3125 MYR
24 October 2023	1 MVR = 0.3125 MYR
25 October 2023	1 MVR = 0.3139 MYR
26 October 2023	1 MVR = 0.3133 MYR
27 October 2023	1 MVR = 0.3137 MYR
28 October 2023	1 MVR = 0.3142 MYR
29 October 2023	1 MVR = 0.3097 MYR
30 October 2023	1 MVR = 0.3132 MYR
31 October 2023	1 MVR = 0.3121 MYR

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.

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.

12/08/2015: Ringgit Depreciation

The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.

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.

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.

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.

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.

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.

29/08/1975: 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.

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 Malaysian ringgit