Convert Malaysian Ringgit to United States Dollar
Please provide values below to convert Malaysian Ringgit [MYR] to United States Dollar [USD], or Convert United States Dollar to Malaysian Ringgit.
How to Convert Malaysian Ringgit to United States Dollar
1 MYR = 4.2314 USD
Example: convert 15 MYR to USD:
15 MYR = 15 × 4.2314 USD = 63.471 USD
Malaysian Ringgit to United States Dollar Conversion Table
| Malaysian Ringgit | United States 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.
United States Dollar
The United States Dollar (USD) is the official currency of the United States of America, used as a standard unit of monetary value and exchange.
History/Origin
The USD was established in 1792 with the Coinage Act, replacing the Continental Congress's Continental Currency. It has since become one of the world's dominant reserve currencies, influenced by the economic growth of the U.S. and global financial markets.
Current Use
The USD is widely used domestically and internationally for trade, investment, and as a reserve currency. It is the most traded currency in the foreign exchange market and is used as the standard currency in many international transactions.