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