About this pair
MYR/RUB: what to know
The MYR/RUB rate shows how much RUB you get for 1 MYR. Right now, 1 MYR buys 20.7278 RUB at the mid-market rate. In the other direction, 1 RUB is worth 0.0482 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while RUB responds to oil and gas prices and sanctions.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Russian Ruble (RUB) is issued by Bank of Russia. The ruble is one of Europe’s oldest currencies, used since the 13th century.
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.