About this pair
NOK/MYR: what to know
The NOK/MYR rate shows how much MYR you get for 1 NOK. Right now, 1 NOK buys 0.4382 MYR at the mid-market rate. In the other direction, 1 MYR is worth 2.2820 NOK.
In the short term NOK is driven mainly by oil and gas prices, while MYR responds to commodity prices and regional demand.
The Norwegian Krone (NOK) is issued by Norges Bank. “Krone” means “crown”. The Malaysian Ringgit (MYR) is issued by Bank Negara Malaysia. “Ringgit” means “jagged”, after the milled edges of old Spanish silver dollars.
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.