| 1 $ = | Start | 06/08/2026 | Change | |
| Last 24 hours | 4.0295 RM | ⇨ | 4.0296 RM | +0% |
| Last week | 3.965 RM | ⇨ | 4.0296 RM | +1.63% |
| Last month | 3.921 RM | ⇨ | 4.0296 RM | +2.77% |
| Last year | 4.2275 RM | ⇨ | 4.0296 RM | -4.68% |
| Currency | 06/01/2026 | 06/08/2026 | Change | |
| Israeli Shekel (ILS) | 2.8217 ₪ | ⇨ | 2.929 ₪ | +3.81% |
| Chilean Peso (CLP) | 892.37 $ | ⇨ | 920.71 $ | +3.18% |
| Brazilian Real (BRL) | 5.0384 R$ | ⇨ | 5.1959 R$ | +3.13% |
| Venezuelan Bolívar (VES) | 548.69 Bs. | ⇨ | 562.59 Bs. | +2.53% |
| Paraguayan Guaraní (PYG) | 6,019.6 ₲ | ⇨ | 6,148.5 ₲ | +2.14% |
| Nicaraguan Córdoba (NIO) | 36.805 C$ | ⇨ | 36.61 C$ | -0.53% |
| Nigerian Naira (NGN) | 1,369.4 ₦ | ⇨ | 1,361.1 ₦ | -0.6% |
| Philippine Peso (PHP) | 61.912 ₱ | ⇨ | 61.519 ₱ | -0.63% |
| Seychellois Rupee (SCR) | 13.677 SR | ⇨ | 13.51 SR | -1.22% |
| Zambian Kwacha (ZMW) | 18.178 ZK | ⇨ | 17.56 ZK | -3.4% |
| See also: 24h, monthly and yearly currency moves | ||||
| Currency name | Malaysian Ringgit |
| Symbol | RM |
| Also known as | MYR, Malaysian Ringgit, RM1 = 100 sen |
| ISO code | MYR |
| Banknotes | RM1, RM5, RM10, RM20, RM50, RM100 |
| Coins | 5, 10, 20, 50 sen; RM1 |
| Central bank | Bank Negara Malaysia (BNM) - Website: www.bnm.gov.my |
| Countries | 1 country: Malaysia (capital: Kuala Lumpur, major cities: Kuala Lumpur, Johor Bahru, Ipoh, Shah Alam) |
| Population | 32 mil. |
History
The history of the Malaysian ringgit begins in the colonial era. Before independence, the region used the Straits dollar (introduced 1845) and later the Malayan dollar. After independence in 1957, Malaysia used the Malayan dollar, shared with Singapore and Brunei. When currency union with Singapore broke down in 1967, Malaysia issued its own dollar — later renamed the ringgit in 1975. "Ringgit" means "jagged" in Malay, originally referring to the serrated edges of Spanish silver coins that circulated in the region.
The ringgit was initially pegged to the US dollar at around 2.50 MYR/USD. During Asia's rapid economic growth in the late 1980s and early 1990s, Malaysia became one of the "Asian Tiger" economies, and the ringgit gradually appreciated. This success, however, was followed by the devastating 1997–1998 Asian Financial Crisis, during which the ringgit fell sharply as speculative pressure swept through regional currencies.
Prime Minister Mahathir Mohamad controversially responded by imposing capital controls in September 1998 and pegging the ringgit at 3.80 MYR/USD — a decision condemned by the IMF and many economists at the time but which stabilised the economy faster than neighbours who followed IMF austerity prescriptions. The peg was maintained until July 2005, when the ringgit returned to a managed float.
Bank Negara Malaysia manages the ringgit under a managed float. The currency's value is sensitive to commodity prices (Malaysia exports oil, palm oil, and liquefied natural gas), global risk appetite, and the strength of the US dollar.
Sources:
"Malaysian ringgit", Wikipedia, https://en.wikipedia.org/wiki/Malaysian_ringgit
"1997 Asian financial crisis", Wikipedia, https://en.wikipedia.org/wiki/1997_Asian_financial_crisis