About this pair
SEK/MYR: what to know
The SEK/MYR rate shows how much MYR you get for 1 SEK. Right now, 1 SEK buys 0.4196 MYR at the mid-market rate. In the other direction, 1 MYR is worth 2.3833 SEK.
In the short term SEK is driven mainly by European growth and euro moves, while MYR responds to commodity prices and regional demand.
The Swedish Krona (SEK) is issued by Sveriges Riksbank. “Krona” 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.