XAU/MYR: what to know
The XAU/MYR rate shows how much MYR you get for 1 XAU. Right now, 1 XAU buys 16,417.64 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.0000609101 XAU.
In the short term XAU is driven mainly by real interest rates, the dollar and safe-haven demand, while MYR responds to commodity prices and regional demand.
The code “XAU” combines “X” (supranational) with gold’s chemical symbol Au. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. Your bank, card issuer or exchange office may use a different rate and charge fees. Compare the final amount after the charges disclosed for your offer.