Live Malaysian Ringgits Exchange Rates

MYR Interbank Rate₹17.6384
MYR Buying Rate₹17.903
MYR Selling Rate₹17.0187
MYR Remittance Rate
currency profile
Malaysian Ringgits (MYR)

The Malaysian Ringgits, formerly called the Malaysian Dollar, is the currency of Malaysia.The currency code for Ringgits is MYR, and the currency symbol is RM. It is divided into 100 sen. The ringgit is issued by the Bank Negara Malaysia.

Currency Facts

MYR StatsMYR Profile
Name :Malaysian RinggitsCentral Bank : Bank Negara Malaysia
Website:http://www.bnm.gov.my
Symbol : RM sen: sen Coins :Freq Used : sen5, sen10, sen20, sen50
Minor Unit :1/100 = senBanknotes : Freq Used :RM1, RM5, RM10, RM50, RM100
Top LKR Conversion:USD/MYRUsers : Malaysia

History of Malaysian Ringgits

On 12 June 1967, the Malaysian dollar, issued by the new central bank, Bank Negara Malaysia, replaced the Malaya and British Borneo dollar. The new currency retained all denominations of its predecessor except the $10,000 denomination, and also brought over the colour schemes of the old dollar. Over the course of the following decades, minor changes were made on the notes and coins issued, from the introduction of the M$1 coin in 1967, to the discontinuation of RM500 and RM1,000 notes in 1996.

In November 1967, five months after the introduction of the Malaysian dollar, Pound was devalued, leading to a collapse in confidence for the sterling area and its demise in 1972. Despite the emergence of new currencies in Malaysia, Singapore and Brunei, the Interchangeability Agreement which the three countries adhered to as original members of the currency union meant the Malaysian dollar was exchangeable at par with the Singapore dollar and Brunei dollar. This ended on 8 May 1973, when the Malaysian government withdrew from the agreement. The Monetary Authority of Singapore and the Brunei Currency and Monetary Board still maintain the interchangeability of their two currencies, as of 2009.

In 1993, the currency symbol 'RM' (Ringgit Malaysia) was introduced to replace the use of the dollar sign '$' (or 'M$') .

Malaysian Ringgits Currency Converter

MYR to INR Converter

This is the rate that will apply when you sell Malaysian Ringgits currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below

MYR INR Current Rate:

Conversion is calculated using the highest MYR-INR Selling rate across India. To see the most accurate rate select the city in the drop down above

INR to MYR Converter

This is the rate that will apply when you buy Malaysian Ringgits currency on BookMyForex.com. The amount of INR (Indian Rupees) you'll recieve will be as shown below

INR MYR Current Rate:

Conversion is calculated using the highest MYR-INR Buying rate across India. To see the most accurate rate select the city in the drop down above

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