About this pair
MYR/NOK: what to know
The MYR/NOK rate shows how much NOK you get for 1 MYR. Right now, 1 MYR buys 2.2820 NOK at the mid-market rate. In the other direction, 1 NOK is worth 0.4382 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while NOK responds to oil and gas prices.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”.
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.