The Malaysian ringgit is the official currency of Malaysia. It is sub-divided into 100 sen and the official currency code is (MYR). Although the official abbreviation for the Malaysian ringgit is (MYR), the symbol used to represent the currency is the standard dollar symbol ($). The Malaysian ringgit is issued by the Bank Negara Malaysia. The term “ringgit” literally translates to "jagged" in Malay, and the term was first used in reference to the serrated edges of the Spanish dollars that circulated heavily in the region throughout the 16th-17th centuries.
Malaysian coins are issued by the Bank Negara Malaysia in the denominations of 1 sen, 5 sen, 10 sen, 20 sen, 50 sen, and $1. The coins are comprised of bronze, copper clad steel, and cupronickel. The coins are sixed according to the following specifications:
Although it is still possible to find a 1 ringgit coin, they have been demonetized and withdrawn from circulation due to forgery.
Malaysian banknotes have been distributed by the Bank Begara Malaysia in the denominations of $1, $2, $5, $10, $20, $50, $100, $500 and $1000. The banknotes are colour-coded according to the following specifications:
Below are a selection of currency exchange rates for the Malaysian ringgit (MYR) converted to other world currencies. These rates show what RM1 would convert to in the foreign currency. You can view more information on the other currencies by clicking on the three-letter currency code.
| USD ($) | EUR (€) | GBP (£) | JPY (¥) | AUD (A$) | CAD (C$) | CHF (CHF) | HKD (HK$) | SGD (S$) | MXN (Mex$) | CNY (元) | RUB (руб) | NOK (kr) | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RM 1 = | 0.3134 | 0.2398 | 0.2006 | 27.2498 | 0.3477 | 0.3238 | 0.3276 | 2.4338 | 0.4268 | 3.9704 | 2.1235 | 9.4601 | 1.9113 |
| Inverse | 3.1910 | 4.1703 | 4.9842 | 0.0367 | 2.8761 | 3.0882 | 3.0529 | 0.4109 | 2.3429 | 0.2519 | 0.4709 | 0.1057 | 0.5232 |
View charts of the Malaysian ringgit (MYR) compared to other world currencies. Charts are updated with the latest currency exchange rate information and allow you view the currency exchange rates over a range of time periods.
| MYR vs. USD | MYR vs. EUR | MYR vs. GBP | MYR vs. JPY |
|---|---|---|---|
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| More MYR vs. USD Charts | More MYR vs. EUR Charts | More MYR vs. GBP Charts | More MYR vs. JPY Charts |