MYR/TRY: what to know
The MYR/TRY rate shows how much TRY you get for 1 MYR. Right now, 1 MYR buys 11.8426 TRY at the mid-market rate. In the other direction, 1 TRY is worth 0.0844 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while TRY responds to high inflation and central-bank policy.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. The Turkish Lira (TRY) is issued by Central Bank of Türkiye. In 2005 Türkiye removed six zeros: 1,000,000 old lira became 1 new lira.
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.