About this pair
MYR/MXN: what to know
The MYR/MXN rate shows how much MXN you get for 1 MYR. Right now, 1 MYR buys 4.1695 MXN at the mid-market rate. In the other direction, 1 MXN is worth 0.2398 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while MXN responds to the US economy and capital flows.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Mexican Peso (MXN) is issued by Bank of Mexico. The Spanish-colonial peso and its “$” sign influenced the US dollar symbol.
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.