United States dollar malaysian ringgit history for August 2023. The highest quote for this month is 4.6535 (28/08/2023) and the lowest 4.645 (20/08/2023). The difference between high and low is 0.18.
USD MYR average rate for August 2023 is 4.58762, the change between 01/08/2023 and 31/08/2023 is -2.42 %.
| 01 August 2023 | 1 USD = 4.528 MYR |
| 04 August 2023 | 1 USD = 4.542 MYR |
| 05 August 2023 | 1 USD = 4.552 MYR |
| 07 August 2023 | 1 USD = 4.553 MYR |
| 08 August 2023 | 1 USD = 4.557 MYR |
| 10 August 2023 | 1 USD = 4.569 MYR |
| 12 August 2023 | 1 USD = 4.585 MYR |
| 14 August 2023 | 1 USD = 4.585 MYR |
| 15 August 2023 | 1 USD = 4.617 MYR |
| 17 August 2023 | 1 USD = 4.627 MYR |
| 20 August 2023 | 1 USD = 4.645 MYR |
| 21 August 2023 | 1 USD = 4.645 MYR |
| 28 August 2023 | 1 USD = 4.638 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.
12/08/2015: Ringgit Depreciation
The Malaysian ringgit experienced a significant depreciation against major currencies due to falling oil prices and global economic uncertainties.
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.
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.
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.