About this pair
MYR/JPY: what to know
The MYR/JPY rate shows how much JPY you get for 1 MYR. Right now, 1 MYR buys 39.2017 JPY at the mid-market rate. In the other direction, 1 JPY is worth 0.0255 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while JPY responds to Bank of Japan policy and global risk appetite.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Japanese Yen (JPY) is issued by Bank of Japan. “Yen” literally means “round object”.
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.