RON/MYR: what to know
The RON/MYR rate shows how much MYR you get for 1 RON. Right now, 1 RON buys 0.8986 MYR at the mid-market rate. In the other direction, 1 MYR is worth 1.1129 RON.
In the short term RON is driven mainly by regional sentiment and euro moves, while MYR responds to commodity prices and regional demand.
The Romanian Leu (RON) is issued by National Bank of Romania. “Leu” means “lion”. 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.