About this pair
MYR/THB: what to know
The MYR/THB rate shows how much THB you get for 1 MYR. Right now, 1 MYR buys 8.1186 THB at the mid-market rate. In the other direction, 1 THB is worth 0.1232 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while THB responds to tourism and trade flows.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Thai Baht (THB) is issued by Bank of Thailand. “Baht” was historically a unit of weight for silver.
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.