Historic South African rand Malaysian ringgit

South African rand malaysian ringgit history for January 2024. The highest quote for this month is 0.25148 (28/01/2024) and the lowest 0.25423 (31/01/2024). The difference between high and low is -1.09.

ZAR MYR average rate for January 2024 is 0.24934, the change between 01/01/2024 and 31/01/2024 is -0.1 %.

01 January 20241 ZAR = 0.2514 MYR
02 January 20241 ZAR = 0.2510 MYR
03 January 20241 ZAR = 0.2480 MYR
04 January 20241 ZAR = 0.2464 MYR
05 January 20241 ZAR = 0.2479 MYR
06 January 20241 ZAR = 0.2491 MYR
07 January 20241 ZAR = 0.2488 MYR
08 January 20241 ZAR = 0.2492 MYR
09 January 20241 ZAR = 0.2504 MYR
10 January 20241 ZAR = 0.2490 MYR
11 January 20241 ZAR = 0.2491 MYR
12 January 20241 ZAR = 0.2491 MYR
13 January 20241 ZAR = 0.2497 MYR
14 January 20241 ZAR = 0.2497 MYR
15 January 20241 ZAR = 0.2496 MYR
16 January 20241 ZAR = 0.2503 MYR
17 January 20241 ZAR = 0.2450 MYR
18 January 20241 ZAR = 0.2471 MYR
19 January 20241 ZAR = 0.2492 MYR
22 January 20241 ZAR = 0.2479 MYR
23 January 20241 ZAR = 0.2461 MYR
24 January 20241 ZAR = 0.2498 MYR
25 January 20241 ZAR = 0.2504 MYR
26 January 20241 ZAR = 0.2505 MYR
28 January 20241 ZAR = 0.2516 MYR
29 January 20241 ZAR = 0.2519 MYR
30 January 20241 ZAR = 0.2520 MYR
31 January 20241 ZAR = 0.2516 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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