100 USD to MYR History Graph
The exchange rate between the US dollar (USD) and the Malaysian ringgit (MYR) has been constantly changing over the years. In this article, we will explore the historical graph of the exchange rate between 100 USD and MYR, looking at the trends and fluctuations that have occurred.
Why is this exchange rate important?
The USD/MYR exchange rate is crucial for international trade and investment between the United States and Malaysia. It affects the prices of goods and services, as well as the profits of businesses that operate in both countries. Furthermore, it also impacts the value of investments in Malaysian assets, such as stocks and real estate, held by foreign investors.
Historical Data
Here is a graph of the exchange rate between 100 USD and MYR from 2010 to 2022:
<h2>2010-2015</h2>
- 100 USD ≈ 310-330 MYR (average exchange rate)
During this period, the exchange rate was relatively stable, with a slight appreciation of the MYR against the USD. This was due to Malaysia's strong economic growth, driven by exports and foreign investment.
<h2>2015-2016</h2>
- 100 USD ≈ 360-400 MYR (average exchange rate)
The exchange rate started to fluctuate more significantly during this period, with the MYR depreciating against the USD. This was caused by the decline in oil prices, which affected Malaysia's economy, as well as the strengthening of the USD globally.
<h2>2017-2018</h2>
- 100 USD ≈ 400-430 MYR (average exchange rate)
The MYR continued to depreciate against the USD, reaching a low point in 2018. This was attributed to the impact of the US Federal Reserve's monetary policy, which led to a strengthening of the USD.
<h2>2019-2022</h2>
- 100 USD ≈ 410-450 MYR (average exchange rate)
The exchange rate has been relatively stable during this period, with a slight appreciation of the MYR against the USD. This is due to Malaysia's economic recovery, driven by domestic demand and exports.
Conclusion
The exchange rate between 100 USD and MYR has undergone significant fluctuations over the years, influenced by various economic factors. Understanding these trends and patterns can help investors, businesses, and policymakers make informed decisions about their investments and strategies.
