Convert Malaysian Ringgit to New Zealand Dollar
Please provide values below to convert Malaysian Ringgit [MYR] to New Zealand Dollar [NZD], or Convert New Zealand Dollar to Malaysian Ringgit.
How to Convert Malaysian Ringgit to New Zealand Dollar
1 MYR = 2.53529059316956 NZD
Example: convert 15 MYR to NZD:
15 MYR = 15 × 2.53529059316956 NZD = 38.0293588975434 NZD
Malaysian Ringgit to New Zealand Dollar Conversion Table
| Malaysian Ringgit | New Zealand Dollar |
|---|
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
New Zealand Dollar
The New Zealand Dollar (NZD) is the official currency of New Zealand and its territories, used for everyday transactions and financial exchanges.
History/Origin
Introduced in 1967, replacing the New Zealand Pound, the NZD was initially pegged to the British Pound and later adopted a floating exchange rate system. It has undergone various reforms and is now managed by the Reserve Bank of New Zealand.
Current Use
The NZD is widely used in New Zealand and is also accepted in some Pacific Island nations. It is actively traded in international currency markets and is a key component of the country's economy.