About this pair
JPY/MYR: what to know
The JPY/MYR rate shows how much MYR you get for 1 JPY. Right now, 1 JPY buys 0.0257 MYR at the mid-market rate. In the other direction, 1 MYR is worth 38.9687 JPY.
In the short term JPY is driven mainly by Bank of Japan policy and global risk appetite, while MYR responds to commodity prices and regional demand.
The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”. 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.