About this pair
MYR/COP: what to know
The MYR/COP rate shows how much COP you get for 1 MYR. Right now, 1 MYR buys 758.2784 COP at the mid-market rate. In the other direction, 1 COP is worth 0.00131878 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while COP responds to oil and commodity prices.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Colombian Peso (COP) is issued by Banco de la República. The 50,000-peso note features the writer Gabriel García Márquez.
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.