About this pair
EUR/MYR: what to know
The EUR/MYR rate shows how much MYR you get for 1 EUR. Right now, 1 EUR buys 4.7033 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.2126 EUR.
In the short term EUR is driven mainly by ECB policy and eurozone growth, while MYR responds to commodity prices and regional demand.
The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
Use this mid-market figure as your benchmark: compare it with the rate your bank or broker quotes, and the difference is the margin you would pay.