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The only legal tender in Malaysia is the Malaysian ringgit. As of September 2024, the ringgit traded at MYR 4.12 to the US dollar. [78] This was a significant change from the rate of MYR 4.80 to the dollar recorded in February 2024, an appreciation of 16.5%. The ringgit is not internationalised. [79]
The currency's value fell from an average of 3.20 MYR/USD in mid-2014 to around 3.70 MYR/USD by early 2015; with China being Malaysia's largest trading partner, a Chinese stock market crash in June 2015 triggered another plunge in value for the ringgit, which reached levels unseen since 1998 at lows of 4.43 MYR/USD in September 2015, before ...
Foreign direct investment fell at an alarming rate and, as capital flowed out of the country, the value of the ringgit dropped from MYR 2.50 per USD to, at one point, MYR 4.80 per USD. The Kuala Lumpur Stock Exchange 's composite index fell from approximately 1300 to nearly merely 400 points in a few short weeks.
This is a list of Malaysian states and federal territories sorted by their gross domestic product (GDP). [1] [2] As of 3 November 2022 Malaysian Ringgit (symbol: RM, currency code: MYR) is equivalent to 0.211 United States dollar [3] or 0.213 Euros. [4] In 2023, Selangor contributed 25.9% of Malaysia's GDP, followed by Kuala Lumpur (15.9%) and ...
Display a table link to exchange rates between a currency to one of the top 9 most traded currencies in the world, and, optionally, three other currencies. Template parameters [Edit template data] This template prefers inline formatting of parameters. Parameter Description Type Status Currency code 1 The currency code to be used in this template. String required Additional currency 2 ...
The COVID-19 pandemic in Malaysia has had a significant impact on the Malaysian economy, leading to the devaluation of the Malaysian ringgit (MYR) and the decline in the country's gross domestic product. The pandemic also adversely affected several key sectors including entertainment, markets, retail, hospitality, and tourism.
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[289] [290] Additionally, living costs surged due to subsidy cuts, and the Malaysian ringgit experienced a sharp decline. In 2017, diplomatic tensions flared between Malaysia and North Korea after the assassination of Kim Jong-nam in Malaysia, an incident that sparked a major diplomatic row and brought international media attention. [291]