About this pair
MYR/BTC: what to know
The MYR/BTC rate shows how much BTC you get for 1 MYR. Right now, 1 MYR buys 0.00000317595 BTC at the mid-market rate. In the other direction, 1 BTC is worth 314,866.07 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while BTC responds to crypto-market sentiment and liquidity.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The supply is capped at 21 million coins.
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.