Malaysian Ringgit (MYR) Exchange Rates

ISO 4217 Code

MYR

Central Bank

Bank Negara Malaysia

Website

www.cbnm.gov.my

Official users

Malaysia

Sub-unit

1/100 Sen

Plural

Ringgit
Sen

Coins in use

5, 10, 20, 50 Sen

Banknotes in use

RM1, RM5, RM10, RM20, RM50, RM100

The Ringgit is the sole legal tender of the nation of Malaysia and has been in circulation since 1967, replacing the Malaya and Borneo Dollar. Up until 1997 the currency was called the Malaysian Dollar before being replaced by the Ringgit.

The Malaysian currency has remained non-tradable outside of the country since 1998, which coincided with its pegging to the US Dollar, a restriction that was not removed when it was de-pegged in July 2005.