MYR to INR

If you are looking for a convenient way to convert the Malaysian Ringgit (MYR) to Indian Rupee (INR), look no further. We offer you up-to-date exchange rates for your MYR to INR currency conversion. Whether you want to travel, shop, or remit money, we have the option. Choose our currency conversion tool and enjoy secure MYR to INR conversions.

Convert MYR to INR at the Real Exchange Rate

Amount

MYR

Converted to

INR

1 MYR =

i

Currency exchange value is subjected to market fluctuation. Exchange rate as on Feb 29, 2024.

MYR to INR Exchange Rate

Check the currency rates against all the world currencies here. The currency converter below is easy to use and the currency rates are updated frequently. This is very much needed given the extreme volatility in global currencies lately.

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1 MYR to INR Exchange Rate Last 7 days

Date

Price

  • 17.724469

  • 17.698548

  • 17.710035

  • 17.712064

  • 17.701651

  • 17.738505

  • 17.741203

Ringgit to Indian Rupee Conversions

MYR

INR

MYR to INR Currency Conversion - An Overview

Currency conversion from Malaysian Ringgit (MYR) to Indian Rupee (INR) is a process that allows individuals or businesses to exchange one currency for another. MYR is the official currency of Malaysia, while INR is the official currency of India.

This guide will provide you with a comprehensive understanding of the process, significance, and various aspects involved in converting MYR to INR. Whether you are a business engaged in international trade, a traveller exploring India, or simply curious about the currency exchange process, this overview will shed light on the essential details.

Discover how MYR to INR currency conversion facilitates economic interactions, enables cross-border transactions, and contributes to the growth and development of Malaysia and India. So, let's explore the world of currency conversion and its intricacies.

Important Facts About MYR - Malaysian Ringgit

Fact

Description

Currency code

MYR

Symbol

RM

Subunit

Sen

1 MYR =

100 sen

Exchange rate (as of July 8, 2023)

1 USD = 4.41 MYR

Commonly used banknotes

RM100, RM50, RM20, RM10, RM5, RM1

Commonly used coins

50 sen, 20 sen, 10 sen, 5 sen

History

The Malaysian Ringgit was first introduced in 1967, replacing the Malayan dollar.

Name

The name "ringgit" comes from the Spanish silver coin "real de a ocho".

Usage

The Malaysian Ringgit is the official currency of Malaysia.

Issuing authority

Bank Negara Malaysia

How Does Our MYR to INR Online Currency Converter Work?

The MYR to INR online currency converter provides a convenient and efficient way to convert Malaysian Ringgit to Indian Rupees or vice versa. Users can access real-time exchange rates and obtain accurate conversion amounts with just a few clicks. Simplifying currency conversions, this tool is valuable for individuals and businesses in an interconnected global economy.

  • Navigate to the official website of Urban Money
  • Scroll down, select 1 MYR to INR calculator, and click Convert Now.
  • Now, your browser will be redirected to the calculator. Here, enter the values, and the calculator will display the conversion amount.

Benefits of MYR to INR Online Currency Converter Tools

There are many benefits of using online currency converter tools to convert MYR to INR. Here are a few of them:

  • Convenience: Online currency converters are available 24/7, so you can use them to convert currencies whenever you need to. You don't have to go to a bank or foreign exchange bureau to get the latest exchange rates.
  • Accuracy: Online currency converters use real-time exchange rates, so you can be sure that you are getting the most accurate conversion.
  • Ease of use: Online currency converters are very easy to use. Simply enter the amount of MYR you want to convert, and the currency you want to convert it to, and the converter will do the rest.
  • Wide range of currencies: Most online currency converters support a wide range of currencies, so you can convert MYR to any currency you need.
  • Free: Most online currency converters are free to use.

List of Factors Affecting the Value of MYR to INR Conversion

Here are some of the factors that can affect the value of MYR to INR conversion:

  • Interest Rates: Interest rates are among the most important factors affecting currency exchange rates. When interest rates in one country are higher than those in another, investors will tend to move their money to the country with higher interest rates. This can cause the currency of the country with higher interest rates to appreciate in value.
  • Inflation: Inflation is another important factor that can affect currency exchange rates. When inflation is high in one country, the value of its currency will tend to depreciate. This is because inflation makes the goods and services produced in that country more expensive, making them less attractive to foreign buyers.
  • Economic Growth: Economic growth is also a factor that can affect currency exchange rates. When a country's economy grows, its currency tends to appreciate in value. This is because investors are more likely to invest in countries with growing economies, which can increase demand for the country's currency.
  • Political Stability: Political stability is another factor that can affect currency exchange rates. When a country is politically stable, its currency will tend to appreciate in value. This is because investors are more likely to invest in countries with stable political environments, which can increase demand for the country's currency.
  • Supply and Demand: The supply and demand for a currency can also affect its exchange rate. When there is more demand for a currency than there is supply, the value of the currency will tend to appreciate. Conversely, when there is more supply of a currency than there is demand, the value of the currency will tend to depreciate.

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Frequently Asked Questions (FAQs)

What is the value of 1 MYR to INR in 1947?

The value of 1 MYR to INR in 1947 was 1.29 INR.

What is the highest ever MYR to INR?

The highest ever MYR to INR was 18.52 INR on 28 April 2022.

What does the MYR stand for?

MYR stands for Malaysian Ringgit.

Who decides the MYR to INR exchange rate?

The market forces of supply and demand decide the MYR to INR exchange rate.

What is the subunit of MYR currency?

The subunit of MYR currency is sen. 1 MYR = 100 sen.

What is the smallest unit of MYR currency?

The smallest unit of MYR currency is sen. 1 sen = 0.01 MYR.

What types of banknotes are in MYR currency?

There are 5 denominations of banknotes in MYR currency: 1 MYR, 5 MYR, 10 MYR, 20 MYR, and 50 MYR.

What types of bank coins are in MYR currency?

There are 4 denominations of bank coins in MYR currency: 1 sen, 5 sen, 10 sen, and 20 sen.

What is the ISO code of the Malaysian Ringgit, the currency of Malaysia?

The ISO code of the Malaysian Ringgit is MYR.

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