MYR to DJF

MYR - Malaysian Ringgit (RM)
DJF - Djiboutian Franc (Fdj)
1 MYR1 DJF

Currency conversion rates from MYR to DJF

MYRDJF
1 MYR1 DJF
5 MYR5 DJF
10 MYR10 DJF
20 MYR20 DJF
50 MYR50 DJF
100 MYR100 DJF
250 MYR250 DJF
500 MYR500 DJF
1000 MYR1000 DJF
2000 MYR2000 DJF
5000 MYR5000 DJF
10000 MYR10000 DJF
DJFMYR
1 DJF1 MYR
5 DJF5 MYR
10 DJF10 MYR
20 DJF20 MYR
50 DJF50 MYR
100 DJF100 MYR
250 DJF250 MYR
500 DJF500 MYR
1000 DJF1000 MYR
2000 DJF2000 MYR
5000 DJF5000 MYR
10000 DJF10000 MYR

DJF - Djiboutian Franc (DJF)

Djiboutian Franc

The official currency for the Djibouti is the Djibouti Franc (DJF). The symbol used for the Franc is Fdj. The Franc is subdivided into centimes; 1 DJF = 100 centimes.

The Djiboutian Franc is the currency in Djibouti (DJ, DJI). The symbol for DJF can be written DF. The Djiboutian Franc is divided into 100 centimes. The exchange rate for the Djiboutian Franc was last updated on May 24, 2019 from Yahoo Finance. The DJF conversion factor has 4 significant digits.

Economy

  • The economy of Djibouti consists mainly of the service industry.
  • There is almost no development in the agriculture or industrial sectors.
  • Unemployment is high; more than 43% of the population falls under the poverty line.
  • Private sector development and human capital accumulation need to be enhanced.
  • Djibouti is strategically situated between the Red Sea and the Gulf of Aden. The country is used as a transit port and is a free-trade zone.

History

  • Djibouti became part of the French protectorate in 1884. The Franc was introduced to Djibouti and was used along with the Indian Rupee and the Maria Theresa Thaler.
  • In 1908, the Franc was officially fixed at the same value of the French Franc.
  • In 1910, banknotes were issued by the Bank of Indochina.
  • From 1919 to 1922, tokens and Commerce paper money were issued.
  • In 1948, the first Djibouti coins were issued.
  • In 1949, the Dijibout Franc was introduced and pegged against the US Dollar at 1 USD = 214.392 Francs.
  • In 1952, production of banknotes was taken over by Public Treasury.
  • In 1971 and 1973 the Franc was revalued. In 1973 the Franc was rated at  1 USD = 177.721 Franc and remains at that rate.
  • In 1977, a new design of banknotes was issued and the national bank took over the printing of banknotes.

More information about DJF - Djiboutian Franc (DJF)


MYR - Malaysian Ringgit (RM)

The Malaysian ringgit is the official currency of Malaysia. Its currency code is MYR and its symbol is RM. Its conversion factor has 6 significant digits, and it is a fiat currency. The ringgit is known globally to be a stable currency.

The Ringgit, unofficially called the Malaysian Dollar, has been Malaysia’s official currency since 1975. Malaysia replaced the Spanish silver dollar with the Indian Rupee in 1837. After 30 years the country decided to reintroduce the Spanish silver dollar. In 1903, Malaysia changed its currency to the Straits Dollar, which was pegged at two shillings to the British Pound.

The Malaysian Ringgit is the currency in Malaysia (MY, MYS). The symbol for MYR can be written RM. The Malaysian Ringgit is divided into 100 sen. The exchange rate for the Malaysian Ringgit was last updated on Today from The International Monetary Fund. The MYR conversion factor has 6 significant digits.

Economy

  • Malaysia’s economy previously relied on the production of agricultural export commodities and minerals, but now it relies on manufacturing and services.
  • There was a major change in Malaysia’s economy in the last decade, which affected most of their capital investments.
  • Economic downturns in the last six years have severely damaged the country’s investments.

History

  • On June 12, 1967, the Bank of Negara Malaysia, the central bank of Malaysia, issued the Malaysian Dollar to replace the British Borneo and Malayan Dollar at par.
  • After it replaced the British Borneo Dollar, the Malaysian Dollar was originally valued at 8.57 dollars = 1 British Pound Sterling. Within the first 5 months, the Malaysian Dollar had decreased in value by 14.3%.
  • From 1995 to 1997, the Ringgit was was trading as a free-float currency at around 2.50 to the US Dollar, before dropping to 3.80 to the Dollar by the end of 1997.
  • The currency value fluctuated from 3.80 to 4.40 to the dollar before Bank Negara Malaysia pegged the Ringgit to the US Dollar in September 1998.
  • As of September 4, 2008, the Ringgit still had not regained its value against the Singapore Dollar, Australian Dollar, the Euro, or the British Pound.

More information about MYR - Malaysian Ringgit (RM)