Historic Arab Emirates Dirham Malaysian ringgit

Arab Emirates Dirham malaysian ringgit history for January 2024. The highest quote for this month is 1.29 (23/01/2024) and the lowest 1.2872 (25/01/2024). The difference between high and low is 0.22.

AED MYR average rate for January 2024 is 1.27186, the change between 01/01/2024 and 31/01/2024 is -2.9 %.

01 January 20241 AED = 1.251 MYR
02 January 20241 AED = 1.251 MYR
03 January 20241 AED = 1.253 MYR
04 January 20241 AED = 1.253 MYR
05 January 20241 AED = 1.262 MYR
06 January 20241 AED = 1.267 MYR
07 January 20241 AED = 1.265 MYR
08 January 20241 AED = 1.267 MYR
09 January 20241 AED = 1.266 MYR
10 January 20241 AED = 1.264 MYR
11 January 20241 AED = 1.264 MYR
12 January 20241 AED = 1.265 MYR
14 January 20241 AED = 1.265 MYR
15 January 20241 AED = 1.265 MYR
16 January 20241 AED = 1.271 MYR
17 January 20241 AED = 1.265 MYR
18 January 20241 AED = 1.284 MYR
19 January 20241 AED = 1.284 MYR
22 January 20241 AED = 1.283 MYR
23 January 20241 AED = 1.287 MYR
24 January 20241 AED = 1.287 MYR
25 January 20241 AED = 1.287 MYR
26 January 20241 AED = 1.288 MYR
28 January 20241 AED = 1.287 MYR
29 January 20241 AED = 1.287 MYR
30 January 20241 AED = 1.289 MYR
31 January 20241 AED = 1.287 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.

17/06/2018: Introduction of New Banknotes

A new series of UAE dirham banknotes, featuring enhanced durability, 3D security features, and tactile marks for visually impaired individuals, is introduced.

12/08/2015: Ringgit Depreciation

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

01/01/2007: Security Enhancements

New security features, including holograms and advanced anti-counterfeiting measures, are added to the UAE dirham banknotes.

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.

01/12/2002: Introduction of Modern Coinage

A new series of UAE dirham coins, featuring modern designs and security features, is introduced.

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.

20/03/1995: Currency Peg to US Dollar

The UAE dirham is pegged to the United States dollar at a fixed exchange rate of 1 USD to 3.6725 AED.

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.

01/01/1978: Currency Issuance Authority

The UAE Currency Issuing Authority is established, granting the authority to issue and manage the UAE dirham.

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.

28/01/1973: Decoupling from Pound Sterling

The UAE dirham is officially decoupled from the British pound sterling and a new exchange rate is set.

02/12/1971: Formation of UAE

The United Arab Emirates is formed, resulting in the introduction of the UAE dirham as its official currency.

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.
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