What you should know about...
Malaysian Ringgits (MYR)
The MYR is the official currency of Malaysia, with the symbol RM.
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Malaysian Ringgits to US Dollars: Exchange rates today
 MYR |  USD |
|---|---|
| 1 MYR | 0.25 USD |
| 10 MYR | 2.52 USD |
| 20 MYR | 5.05 USD |
| 50 MYR | 12.64 USD |
| 100 MYR | 25.28 USD |
| 250 MYR | 63.21 USD |
| 300 MYR | 75.86 USD |
| 500 MYR | 126.43 USD |
| 1,000 MYR | 252.87 USD |
| 2,000 MYR | 505.74 USD |
| 5,000 MYR | 1,266.17 USD |
| 10,000 MYR | 2,532.35 USD |
| USD | MYR |
|---|---|
| 1 USD | 3.92 MYR |
| 10 USD | 39.26 MYR |
| 20 USD | 78.53 MYR |
| 50 USD | 196.33 MYR |
| 100 USD | 392.67 MYR |
| 250 USD | 981.69 MYR |
| 300 USD | 1,178.03 MYR |
| 500 USD | 1,963.39 MYR |
| 1,000 USD | 3,929.48 MYR |
| 2,000 USD | 7,864.85 MYR |
| 5,000 USD | 19,662.13 MYR |
| 10,000 USD | 39,332.15 MYR |
Exchange rates are dynamic. Always remember to check the applicable rate in-app before carrying out your exchange.
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Learn more about the Malaysian Ringgits
History
The Malaysian Ringgits was established as the official currency of Malaysia in 1967. Its introduction was a key development for the nation, and it continues to be a central part of the economic landscape of both Malaysia and Asia. Check our guide about the evolution of MYR to USD to learn more about their exchange rate history.Characteristics
The Malaysian Ringgits is divided into Sen. You'll find Malaysian Ringgits banknotes in 1, 5, 10, 20, 50, 100 ringgit and coins in 5, 10, 20, 50 sen.Monetary policy
The Malaysian Ringgits is managed by the Bank Negara Malaysia, which is responsible for the currency's monetary policy and currency's value. This approach allows the currency to fluctuate based on market conditions, while the central bank retains the ability to intervene to maintain stability and control inflation. This strategic management is crucial for supporting the economic growth and stability of Malaysia.Currency exchange
The value of the Malaysian Ringgits is determined by a floating exchange rate. This means its value can fluctuate based on global supply and demand, reflecting the country's economic strength and market conditions.
Facts table for the Malaysian Ringgits (MYR)
| Currency name | Malaysian Ringgits | |
| Currency code | MYR | |
| Currency symbol | RM | |
| Minor unit | Sen | |
| Minor unit symbol | - | |
| Notes frequently used | 1, 5, 10, 20, 50, 100 ringgit | |
| Coins frequently used | 5, 10, 20, 50 sen | |
| Central bank | Bank Negara Malaysia | |
| Users | Malaysia |
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