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Malaysia Bank Exchange Rates

VFX

VFX

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£500
0
0.7%
0.000
0.00 EUR
FCA Regulated

Moneycorp

Moneycorp

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£250
0
0.50%
0.000
0.00 EUR
FCA Regulated

Xendpay

Xendpay

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£500
0
0.7%
0.000
0.00 EUR
FCA Regulated

Ulster Bank

Ulster Bank

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£5000
30
5%
0.000
0.00 EUR
FCA Regulated

Quick Quote

Get a quick quote

Worldwide Currencies

Worldwide Currencies

Minimum Transfer
Max Transfer Fee
Margin Rate
Rate Per Single Unit
100000 GBP
gets you
FCA Regulated
£3000
0
0.7%
0.000
0.00 EUR
FCA Regulated

Malaysia Bank Exchange Rates - MYR - Malaysian Ringgit – RM.mn. The foreign exchange rates for Malaysia also known as the ISO code MYR or the Malaysian Ringgit currency and as a symbol RM.
Coins are available in denominations of 5, 10, 20 and 50 sen. Banknotes are available in denominations of RM1, RM5, RM10, RM20, RM50 and RM100.
Originally, Malaysia used the Malaya and British Borneo Dollar. Send Money Transfer to Malaysia.

Bank Exchange Rates for Malaysia where the official currency of Malaysia is the Malaysian Ringgit (Currency Code: MYR). Adopted in 1967 to replace the Malaysian Dollar, the currency has a subunit called "sen" which is one-hundredth of Ringgit. It still continued to use "$" as its symbol until 1993 when it was replaced by "RM".

Bank Exchange Rates for Malaysian Ringgit

One of the issues that currency faced in initial days was the Interchangeability Agreement Malaysia adhered to with Singapore and Brunei. This meant that Singaporean and Brunei governments still officially recognised Malaysian Dollar as currency and could be traded in the market. It was only after Malaysian Government withdrew from the treaty in 1973 that the new currency was used to full effect.

The Malaysian Ringgit is issued by Bank Negara Malaysia, the central bank of the country. The currency notes exist in denominations of RM1, RM5, RM10, RM20, RM50, RM100. In addition to this 5, 10, 20, 50 sen are present as coins. The notes contain the portrait of Yand di-Pertuan Agong, the monarch of Malaysia along with the national flower hibiscus and the national mission "moving the economy up the value chain". They exist in three colours: Blue, Green and Red for different denominations.

The notes are made up of polymer and include a number of security features. The notes have security thread, micro-lettering and fluorescent elements visible only under ultraviolet light. The new series of banknotes was introduced in 1982, 1996 and 2012 after its induction.

Currency Rates for Malaysian Ringgit

The sen coins were also introduced in the same year. Currently, the Malaysian Ringgit is roughly equal to 4.3 US Dollars. The currency has faced minor plunges after mid-2014 due to slowing growth in China, a key economic pater of Malaysia and also has been affected by the US Presidential Elections. It reached its lowest level of 3.16 USD in recent times during the 2008 financial crisis.
The political uncertainty and Negara Bank's refusal to cut interest rates has also feared many about future of Malaysian Ringgit.

But this was replaced by the Malaysian dollar in 1967, due to the emergence of new currencies, Malaysian authorities changed the symbol for the Malaysian dollar to the Malaysian Ringgit in 1993. Bank Exchange Rates for Malaysian Ringgit. The foreign exchange rates for Malaysia also known as the ISO code MYR. Send a money transfer online with us with the cheapest options.

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