The Malaysian currency, Ringgit, has suffered a lot from the collapse of oil price and the 1MBD scandal that haunt the Malaysian economy. The USD/MYR exchange rate has reached a high of 3.7888 which is very close to the 3.80 level recorded during the 1997/1998 financial crisis.
How the Ringgit has evolved over the last few months?
A comparison of Ringgit with other major currencies like AUD, EUR, GBP, JPY, SGD and USD over the last few months allows us to visually see the weakening of the value of the Malaysian Ringgit. This is the page that allows us to see the evolution of the Ringgit. Go and explore yourself with the latest data.
Compare The Value of Ringgit over Last Month
MYR exchanges 0.45 % more AUD compared to 30 days ago.
MYR exchanges -0.98 % less EUR compared to 30 days ago.
MYR exchanges -2.05 % less SGD compared to 30 days ago.
MYR exchanges -3.26 % less GBP compared to 30 days ago.
MYR exchanges -3.19 % less JPY compared to 30 days ago.
MYR exchanges -1.89 % less USD compared to 30 days ago.
Compare The Value of Ringgit over Last 2 Months
MYR exchanges -0.17 % less AUD compared to 60 days ago.
MYR exchanges -4.66 % less EUR compared to 60 days ago.
MYR exchanges -4.42 % less SGD compared to 60 days ago.
MYR exchanges -7.89 % less GBP compared to 60 days ago.
MYR exchanges -3.36 % less JPY compared to 60 days ago.
MYR exchanges -5.70 % less USD compared to 60 days ago.
Compare The Value of Ringgit over Last 3 Months
MYR exchanges -2.88 % less AUD compared to 90 days ago.
MYR exchanges -5.45 % less EUR compared to 90 days ago.
MYR exchanges -8.32 % less GBP compared to 90 days ago.
MYR exchanges -4.77 % less SGD compared to 90 days ago.
MYR exchanges -1.27 % less JPY compared to 90 days ago.
MYR exchanges -4.30 % less USD compared to 90 days ago.
Compare The Value of Ringgit over Last 6 Months
MYR exchanges 1.60 % more AUD compared to 180 days ago.
MYR exchanges 0.89 % more EUR compared to 180 days ago.
MYR exchanges -8.15 % less GBP compared to 180 days ago.
MYR exchanges -5.26 % less SGD compared to 180 days ago.
MYR exchanges -3.10 % less JPY compared to 180 days ago.
MYR exchanges -6.28 % less USD compared to 180 days ago.
Compare The Value of Ringgit over Last Year
MYR exchanges 4.74 % more AUD compared to 365 days ago.
MYR exchanges 2.91 % more EUR compared to 365 days ago.
MYR exchanges -7.35 % less GBP compared to 365 days ago.
MYR exchanges -15.91 % less USD compared to 365 days ago.
MYR exchanges 1.21 % more JPY compared to 365 days ago.
MYR exchanges -9.16 % less SGD compared to 365 days ago.
Conclusion
Australia is also a resource rich country that exports oil. Therefore it is also being affected by the low oil price situation. It has the same fate as the Malaysian currency. In fact, Ringgit has appreciated 4.74 % against AUD over one year.
Europe with its Greek crisis is also suffering the negative impact on its currency. The Ringgit has gained 2.91 % against EUR over one year.
USD is the strongest currency that has appreciated 15.91 % against MYR since last year.