Maldivian rufiyaa singapore dollar exchange rate history (MVR SGD) October 2023

Maldivian rufiyaa singapore dollar history for October 2023. The highest quote for this month is 0.09054 (03/10/2023) and the lowest 0.09029 (03/10/2023). The difference between high and low is 0.28.

MVR SGD average rate for October 2023 is 0.08963, the change between 01/10/2023 and 31/10/2023 is -1.02 %.

01 October 2023	1 MVR = 0.0886 SGD
02 October 2023	1 MVR = 0.0896 SGD
03 October 2023	1 MVR = 0.0904 SGD
04 October 2023	1 MVR = 0.0901 SGD
05 October 2023	1 MVR = 0.0899 SGD
06 October 2023	1 MVR = 0.0896 SGD
07 October 2023	1 MVR = 0.0885 SGD
09 October 2023	1 MVR = 0.0896 SGD
10 October 2023	1 MVR = 0.0894 SGD
11 October 2023	1 MVR = 0.0894 SGD
12 October 2023	1 MVR = 0.0894 SGD
13 October 2023	1 MVR = 0.0898 SGD
16 October 2023	1 MVR = 0.0901 SGD
17 October 2023	1 MVR = 0.0900 SGD
18 October 2023	1 MVR = 0.0899 SGD
19 October 2023	1 MVR = 0.0900 SGD
20 October 2023	1 MVR = 0.0899 SGD
21 October 2023	1 MVR = 0.0890 SGD
22 October 2023	1 MVR = 0.0890 SGD
23 October 2023	1 MVR = 0.0900 SGD
24 October 2023	1 MVR = 0.0896 SGD
25 October 2023	1 MVR = 0.0897 SGD
26 October 2023	1 MVR = 0.0900 SGD
27 October 2023	1 MVR = 0.0898 SGD
28 October 2023	1 MVR = 0.0901 SGD
29 October 2023	1 MVR = 0.0889 SGD
30 October 2023	1 MVR = 0.0898 SGD
31 October 2023	1 MVR = 0.0895 SGD

30/03/2020: SGD in COVID-19 Pandemic

The SGD faces volatility and fluctuations in value due to the economic 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.

13/10/2016: Celebrating 50 Years of Currency

Singapore commemorates 50 years of Singapore currency, showcasing the success and stability of the SGD.

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.

21/07/2003: Currency Interchangeability Agreement with Brunei

The SGD and Brunei dollar become interchangeable at par value, enhancing economic cooperation between the two countries.

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.

02/01/2001: Floatation of SGD

Singapore allows the SGD to float freely against other currencies, abandoning the exchange rate peg and adopting a managed float system.

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.

01/03/1973: Pegging to a Basket of Currencies

The SGD is pegged to a basket of currencies, leading to increased stability and reduced reliance on a single currency.

12/06/1967: Monetary Agreement with Malaysia

Singapore withdrew from the Malaysian dollar and issued its own currency.

12/06/1965: Independence of Singapore

The Singapore dollar (SGD) is introduced as the official currency upon Singapore's separation from Malaysia.

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 Singapore dollar