About this pair
MYR/EUR: what to know
The MYR/EUR rate shows how much EUR you get for 1 MYR. Right now, 1 MYR buys 0.2124 EUR at the mid-market rate. In the other direction, 1 EUR is worth 4.7086 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while EUR responds to ECB policy and eurozone growth.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Euro (EUR) is issued by European Central Bank (ECB). The euro is the world’s second most-traded currency, after the US dollar.
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.