Live Malaysian Ringgits Exchange Rate (MYR/INR) Today in India

1 MYR = 17.7407 INR Interbank/ mid-market Rate at: 23-06-2024 16:27:15

Total Amount: 0.00

Malaysian Ringgits Rates Today - Live

Buy MYR Forex Card N/A
Sell MYR Forex Card N/A
Buy MYR Wire Transfer N/A
Buy MYR Currency Notes ₹18.382
Sell MYR Currency Notes ₹17.9612

Getting the best available MYR Rate Today with BookMyForex

As per today’s exchange rate i.e. Sunday 23/06/2024 , 1 Malaysian Ringgits is equals to 17.7407 Indian Rupees. Change in MYR rate from previous day is -0.1%.

In case you are looking to get the best Malaysian Ringgits rates in your area, try BookMyForex. You can buy as well sell MYR at the best exchange rates with BookMyForex which provides foreign exchange at live and transparent rates. Since the currency exchange market is highly volatile, Malaysian Ringgits rates keep on changing throughout the day. You can check live Malaysian Ringgits rates online at BookMyForex.com and place an order to buy or sell Malaysian Ringgits online at the live rates.

Malaysian Ringgit Profile

Malaysian Ringgit is the official currency of Malaysia, a Southeast Asian country. The currency is abbreviated as MYR in the international currency exchange markets. The Malaysian Ringgit is issued and managed by the central bank of the country, Bank Negara Malaysia.

Earlier Malaysian Ringgit was a free float currency but during the East Asian Crisis Period (1997-1999) in which it witnessed sharp depreciation, the central bank of Malaysia pegged the ringgit exchange rate against the US dollar in September 1998 fixing its exchange rate at 3.80 Malaysian Ringgits per US Dollar. However, MYR remained floating against other currencies. It was only in July 2005, Bank Negara Malaysia announced the system of pegged exchange rate soon after China’s announcement of the end of renminbi peg against the USD.

In case you are planning to visit Malaysia in the near future, you can purchase Malaysian Ringgits online or convert INR to MYR at bookmyforex.com at the best Malaysian Ringgit rates. 

Why Should You Purchase Malaysian Ringgits from BookMyForex?

BookMyForex aims to provide a seamless experience of currency exchange to its customers in terms of transaction cost and service quality. Unlike other money changers which provide foreign exchange at a fixed rate throughout the day, BookMyForex provides forex at live rates. Further, you can place your order online and get your forex delivered at your home. 

Best MYR  Exchange Rates: BookMyForex scans through rates quoted by 100s of money changers in your area and provides you with the best exchange rates. Our currency converter calculates rates based on the interbank rates or mid-market rates. You can buy or sell Malaysian Ringgits at the rates shown on our site, there is no hidden charge levied for currency conversion. 

Trust and Security: As per the foreign exchange regulations in India, you are required to provide with multiple documents such as your Passport, Visa, Airticket, PAN card details. In certain cases, you may even be required to furnish your Income Tax Return. 

While thinking about the safety of the data and documents as provided by the customers, BookMyForex has come up with the idea of watermarking the documents, every time the customer uploads it on the website. Watermarking clearly defines the purpose of use of the document and prevents from getting them misused for any other purposes.

Convenience:  With BookMyForex, there is absolutely no need to step out from your home to get forex. You don’t get to make calls to multiple money changers to check for currency availability and so. You can simply stay at home and order foreign exchange from your phone using the BookMyForex app! Not just that, you can also make payment online and also get your foreign exchange delivered directly to your home. It’s that easy!

 

Better MYR Exchange Rates than Indian Banks

 

Here is a comparative analysis of BookMyForex with other forex players in the market:

 

Parameter BookMyForex Banks/Money Changers
Exchange Rate At Live Rates (Dynamic) At Fixed Rates
Exchange Rate Margin Low High
Online Order Facility Yes No
Doorstep Delivery Yes No
Rate Alert Feature Yes No
Branch Visit No Required

Live Rates: Banks and money exchangers worked on the concept of what’s known as “today’s MYR rate” or “MYR rate today” which is essentially a fixed rate for MYR to INR conversion. Since foreign exchange rates are volatile even by seconds, such money changers keep a thick layer of margin over the underlying Inter-bank rates to counter any adverse movement in the exchange rate during the day.

On the other hand, BookMyForex provides Swiss Francs at live rates displayed on its website which is very close to the IBR rate, thereby benefitting the customer in terms of better exchange rates. 

Advantage-Digital:  Most of the money changers in India have an institutional setup at the physical level which involves various kinds of fixed costs such as rent, salaries and other operating costs. The simple rule of economics tells us that all of these costs are ultimately borne by the customer in the form of higher fees and purchase price.

Being a digitally enabled platform, BookMyForex saves that cost and pass that benefit to the customers in the form of the best foreign currency exchange rates in the market.

Aggregator Model: Being a currency exchange marketplace, BookMyForex first compares the exchange rate among the quotes provided by 100s of currency changers near to your location and then provides you with the best exchange rates. The principle of competition ensures you get the best exchange rate.

How can you buy MYR at the best price?

Step 1: Go to BookMyForex.com or simply call at 9212219191

Step2: Select the currencies (INR to MYR) and the amount that you want to exchange.

Step 3: Upload your KYC documents online which include your Passport, Visa, Air-Ticket and PAN card and make payment. You can also opt for Pay on Delivery option. 

Step 4: Congrats! Your Malaysian RIggits would be delivered directly to your home, most probably on the same day!

Rate Alert to Track MYR Exchange Rate Online

Using the rate alert feature available at BookMyForex.com, you can save yourself from keeping a continuous tab on rates. The rate alert feature allows you to set the rates at the levels you want to purchase Malaysian Ringgits (MYR) and then BookMyForex automatically notifies you when the MYR strikes that rate. 

Read More

MYR Rates Chart

Below is the MYR to INR rate chart for today, last 7 days, last 30 days and last 1 year

1 MYR = 17.7407 INR Interbank/ mid-market Rate at: 23-06-2024 16:27:15

Popular MYR To INR Conversion Rates:

Malaysian Ringgits (MYR) Indian Rupee (INR)
1 MYR 17.7407
5 MYR 88.7035
10 MYR 177.407
20 MYR 354.814
25 MYR 443.5175
50 MYR 887.035
100 MYR 1774.07
200 MYR 3548.14
250 MYR 4435.175
300 MYR 5322.21
Malaysian Ringgits (MYR) Indian Rupee (INR)
500 MYR 8870.35
1000 MYR 17740.7
1500 MYR 26611.05
2000 MYR 35481.4
3000 MYR 53222.1
5000 MYR 88703.5
10,000 MYR 177407
50,000 MYR 887035
100,000 MYR 1774070
1 Million MYR 17740700

1 Malaysian Ringgits To Indian Rupee Stats

  Last 30 Days Last 90 Days
High 17.7911 17.8478
Low 17.6175 17.4605
Average 17.7043 17.6542
Change 0.8269% 2.0288%
Currency Information

MYR - Malaysian Ringgits

The Malaysian Ringgits is the currency of the Malaysia. The currency code for Malaysian Ringgits is "MYR". Click below to get more details and facts about Malaysian Ringgits, its ranking & rates.

More info

MYR - INR Forecast

MYR to INR forecast derived from the thorough analysis of MYR to INR exchange rate via moving averages, buy/sell signals & expert chart indicators. Click below to get a detailed MYR to INR forecast.

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MYR - Malaysian Ringgits

The Malaysian Ringgits is the currency of the Malaysia. The currency code for Malaysian Ringgits is "MYR". Click below to get more details and facts about Malaysian Ringgits, its ranking & rates.

More info

MYR - Malaysian Ringgits

The Malaysian Ringgits is the currency of the Malaysia. The currency code for Malaysian Ringgits is "MYR". Click below to get more details and facts about Malaysian Ringgits, its ranking & rates.

More info

Frequently Asked Questions

You can both buy and sell Malaysian Ringgit online from a trusted currency exchange marketplace such as BookMyForex. You just need to visit bookmyforex.com and select your city, currency (MYR in this case) and the amount that you want to sell online. You need to upload your Passport copy which you can do online. Once your MYR to INR conversion order placed, a representative of BookMyForex would visit your place and give you equivalent INR and take MYR from you.

There is no particular or 100 per cent foolproof way of determining the authenticity of the currency notes. However, you can avoid getting into the trap of fake currency, it is recommended to transact in foreign currency with a well-known and trusted currency exchanger.

However, you can visit the guidelines provided by the Central Bank of Malaysia to save yourself from falling into a fake currency trap.

You can get one of the most competitive MYR exchange rates online. You should look for live exchange rates to transact and you can also compare foreign exchange rates across various platforms online. It is better to go for a trusted online currency exchange marketplace to have the best Malaysian Ringgit rates online.

Being India’s first and largest online currency exchange marketplace, BookMyForex provides multiple advantages over traditional currency exchangers such as banks etc. Here are a few reasons to buy Malaysian Ringgits from BookMyForex:

Live and completely transparent MYR to INR exchange rates
Huge guaranteed savings as compared to MYR to INR exchange rates offered at airports, banks and money exchangers
Free Doorstep Delivery for Order above INR 1 Lac
Rate Freeze Facility by paying just 2% refundable fee
Round the clock assistance from the customer support team
Robust Network of 5000+ channel partners in 650 cities across India
Attractive offers and discounts

The BookMyForex Mobile App

Enjoy added benefits and wave goodbye all your Forex woes by downloading our mobile app

  • Real time tracking & sorting of transactions
  • Easy and free of cost currency to currency exchange
  • Secure online transactions with disposable virtual cards
  • Hassle free fund reloads & unloads on card
  • Enjoy bank grade in-app security
  • Nearby ATM tracker
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Book My Forex Pvt. Ltd., a MakeMyTrip group company, is a currency exchange service provider authorised by the Reserve Bank of India (RBI). | License number : FE.DEL.FFMC/ U070/2013 | Insurance is the subject matter of solicitation | IRDAI Registration No. CA0429 | IRDAI | Cheques are subject to realization.

* Zero margin rates/ interbank rates are available only on forex cards on specific currencies, in select cities for orders amounting to Rs. 1.5 lakh or more (Use promo code: ZEROMARKUP)

** Same-day delivery is available from Monday to Friday (excluding holidays) when all payments and documents are received before 1PM.

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