About this pair
MXN/MYR: what to know
The MXN/MYR rate shows how much MYR you get for 1 MXN. Right now, 1 MXN buys 0.2397 MYR at the mid-market rate. In the other direction, 1 MYR is worth 4.1719 MXN.
In the short term MXN is driven mainly by the US economy and capital flows, while MYR responds to commodity prices and regional demand.
The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol. 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.