LTC/MYR: what to know
The LTC/MYR rate shows how much MYR you get for 1 LTC. Right now, 1 LTC buys 223.1745 MYR at the mid-market rate. In the other direction, 1 MYR is worth 0.00448080 LTC.
In the short term LTC is driven mainly by crypto-market sentiment, while MYR responds to commodity prices and regional demand.
Litecoin was created in 2011 as the “silver to Bitcoin’s gold”. 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 cryptocurrency, expect much higher volatility than typical fiat pairs. 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.