Overview of the Malaysian Ringgit:
Travellers, Traders alike are drawn to Malaysia which is one of the most mesmerizing countries in Asia. Malaysia’s economy has taken the fourth position in South-East Asia. Malaysian Ringgit was agreed to make the national currency by country’s Central Bank. MYR which is international version of Malaysian Ringgit is a free Floating currency in Forex exchange market.
History of Malaysian Currency:
With its naturalistic environment, rich culture and long history, it tends to attract the travellers all through the World. The history of Malaysian Ringgit is very interesting. The word ‘ringgit’ is inspired by the Malay word ‘jagged’, that stand for strength, referring to the serrated edges of Spanish silver dollars that were widely circulated in the area during colonial times. The ringgit went through several changes due to economic status of the country. An economical growth was happening in the end of 20th century.
In 1975 Malaysian names like ringgit, sen were adopted by government of Malaysia. After conversion in the us dollar, the Malaysian Ringgit’s value was 3.8 ringgit equal to 1 US dollar.. Malaysia abandoned its way of fixing its exchange rate against 2005 after China’s decision to end the renminbi value being fixed against US dollar. This made Ringgit become a floating currency.
Evaluation of Malaysian Ringgit:
How and what can influence Ringgit as a currency? Let us a look at it one by one and get to know it better:
Interest rate: Interest rate in Malaysia is regulated by none other than Central Bank. Higher interest rate mostly results in higher value of Malaysian ringgit due to increase in foreign investments similarly lower interest rate lowers its value.
Recently Malaysia lowered its interest in order to protect its domestic interests amid rising global trade uncertainties.
Economic factors:With higher growth of GDP of nearly 4.4% in first five months of 2025 and moderate inflation helps keep positive influence on exchange rate of Malaysian ringgit. Higher GDP and moderate inflation gives a positive outlook for investors as it reflects stable economy with controlled inflation there by driving foreign investments.
Looking to Buy/Sell Malaysian Ringgit for Best Exchange Rate in India? Your search stops right here.
Looking to sell or buy Malaysian Ringgit (MYR) in India at the best exchange rate? Your search stops right here! Orient Exchange offers unbeatable rates, transparent pricing, and a hassle-free forex experience. Enjoy secure, fast, and reliable currency exchange services for travel, education, or business purposes with ease.
Your next thought would be why opt for orient exchange? Well Orient exchange is RBI authorised money changer which not only offers best exchange rate for Malaysian Ringgit in India but also provides best customer service experience making your business with us effortless and worthwhile.
Not keen on getting your currency exchange done online? Well Orient exchange has nearly 26 branches all over India you can visit your nearest branch and get best exchange rate for Malaysian Ringgit you can ask for. Want to get your currency exchange done at comfort of your home? Well Orient exchange has it covered you can place order and relax with features such as live order tracking simply login and track your order with ease.
What makes orient exchange best way to get your currency exchange for Malaysian Ringgit in India? Let’s us consider an example for exchange rate for Malaysian Ringgit on 07/10/2025
| Orient Exchange | Others | |
|---|---|---|
| Malaysian Ringgit | 21.63Rs | Anywhere between 21.8 to 22Rs. |
Not only do other players in market have higher exchange rate but also has include mark-up fees and some even charge service charge for processing the currency exchange. Opt wisely Opt for Orient exchange.
Want to learn more about it? You can click below link:
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