Historic South African rand Malaysian ringgit

South African rand malaysian ringgit history for December 2023. The highest quote for this month is 0.25447 (16/12/2023) and the lowest 0.2576 (25/12/2023). The difference between high and low is -1.23.

ZAR MYR average rate for December 2023 is 0.25065, the change between 01/12/2023 and 31/12/2023 is -0.33 %.

01 December 20231 ZAR = 0.2472 MYR
02 December 20231 ZAR = 0.2507 MYR
03 December 20231 ZAR = 0.2507 MYR
04 December 20231 ZAR = 0.2513 MYR
05 December 20231 ZAR = 0.2484 MYR
06 December 20231 ZAR = 0.2460 MYR
07 December 20231 ZAR = 0.2461 MYR
08 December 20231 ZAR = 0.2484 MYR
10 December 20231 ZAR = 0.2457 MYR
11 December 20231 ZAR = 0.2466 MYR
12 December 20231 ZAR = 0.2454 MYR
13 December 20231 ZAR = 0.2474 MYR
14 December 20231 ZAR = 0.2518 MYR
15 December 20231 ZAR = 0.2550 MYR
16 December 20231 ZAR = 0.2545 MYR
17 December 20231 ZAR = 0.2545 MYR
18 December 20231 ZAR = 0.2554 MYR
19 December 20231 ZAR = 0.2525 MYR
20 December 20231 ZAR = 0.2555 MYR
21 December 20231 ZAR = 0.2551 MYR
22 December 20231 ZAR = 0.2562 MYR
23 December 20231 ZAR = 0.2510 MYR
24 December 20231 ZAR = 0.2510 MYR
25 December 20231 ZAR = 0.2520 MYR
26 December 20231 ZAR = 0.2510 MYR
27 December 20231 ZAR = 0.2486 MYR
28 December 20231 ZAR = 0.2522 MYR
29 December 20231 ZAR = 0.2480 MYR

23/03/2020: COVID-19 Pandemic Impact

The rand experienced significant volatility and depreciation as a result of the COVID-19 pandemic, affecting the country's economy and trade balance.

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.

12/08/2015: Ringgit Depreciation

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

15/12/2008: Global Financial Crisis Impact

The rand plunged against major currencies due to the global financial crisis and concerns about South Africa's economic stability.

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.

09/11/2001: Rand Weakens to Record Low

The rand weakened to an all-time low against the US dollar, due to global economic uncertainty and domestic political concerns.

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.

01/01/1995: Establishment of Reserve Bank Independence

The South African Reserve Bank gained independence, allowing it to have more control over monetary policy.

27/04/1994: First Democratic Elections

The first democratic elections were held in South Africa, marking the end of apartheid and bringing political stability, positively affecting the rand's value.

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.

01/08/1982: Currency Decimalization

The rand was decimalized, with 1 rand being equal to 100 cents.

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.

14/09/1961: Introduction of the Rand

The South African rand was introduced as the official currency, replacing the South African pound.
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