MYR/XPD: what to know
The MYR/XPD rate shows how much XPD you get for 1 MYR. Right now, 1 MYR buys 0.000188508 XPD at the mid-market rate. In the other direction, 1 XPD is worth 5,304.82 MYR.
In the short term MYR is driven mainly by commodity prices and regional demand, while XPD responds to auto demand and tight supply.
The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars. Palladium is used mainly in petrol-engine catalytic converters.
Because this pair involves a precious metal, the rate reflects global bullion prices per troy ounce. 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.