About this pair
MYR/SEK: what to know
The MYR/SEK rate shows how much SEK you get for 1 MYR. Right now, 1 MYR buys 2.3833 SEK at the mid-market rate. In the other direction, 1 SEK is worth 0.4196 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while SEK responds to European growth 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 Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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.