About this pair
MYR/RON: what to know
The MYR/RON rate shows how much RON you get for 1 MYR. Right now, 1 MYR buys 1.1129 RON at the mid-market rate. In the other direction, 1 RON is worth 0.8986 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while RON responds to regional sentiment and euro moves.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”.
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.