Malaysia Currency RM to INR: Complete Overview and Conversion Tips

Malaysia's currency, the Ringgit (RM), is a must-know for travelers and business owners alike. The Ringgit is divided into 100 sen, with coins available in denominations of 1, 5, 10, 20, and 50 sen.

To convert RM to INR, you'll need to know the current exchange rate. According to the Reserve Bank of India, the exchange rate for RM to INR is approximately 1 RM = 15.50 INR. This rate may fluctuate, so it's essential to check the current rate before making any transactions.

For those planning to visit Malaysia, it's a good idea to have some local currency on hand, especially for small purchases. You can exchange your money at a bank or currency exchange office, or withdraw RM from an ATM using your debit or credit card.

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The Indian rupee (INR) is India's official currency. You use a specific formula based on the exchange rate to convert any foreign currency to INR or vice versa.

The exchange rate tells you how much one unit of a foreign currency is worth in Indian Rupees. The exchange rate is constantly changing, so it's essential to check the current rate before making any conversions.

A simple formula to convert any foreign currency to INR is: Amount in INR = Amount in Foreign Currency × Exchange Rate. This formula helps you calculate the exact value of the converted currency.

As of January 19, 2025 05:59 PM UTC, 100 Malaysian Ringgits is equivalent to 1,921.54 Indian Rupees. This shows you the value of the converted currency according to the most recent exchange rate.

For every Malaysian Ringgit you exchange, you will receive 19.215 Indian Rupees at the current exchange rate of 19.215 INR per Malaysian Ringgit.

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The current exchange rate for MYR to INR is 1 RM = INR 18, but this rate can fluctuate over time.

In the past 30 days, the MYR to INR exchange rate reached a high of 19.2426 and a low of 18.8434, with an average rate of 19.0978.

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You can convert MYR to INR using the exchange rate, for example, 1.80 MYR is 1.80*17.53 = 31.56 INR.

Here's a table showing the conversion rates for MYR to INR:

You can also convert INR to MYR using the exchange rate, for example, 100 INR is 5.2041 MYR.

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The Malaysian Ringgit has a history that's quite fascinating. On June 12, 1967, the Bank of Negara Malaysia introduced the Malaysian Ringgit, which was initially worth $8.57 USD (1 GBP).

The value of the Malaysian Ringgit fluctuated over the years, with a significant drop of nearly 14% in the first 5 months. From 1995 to 1997, it traded at 2.50 to the US dollar, eventually falling to 3.80 to the US dollar by 1997.

The highest MYR to INR exchange rate in the last year was 20.326 Indian Rupees per Malaysian Ringgit on September 30, 2024. This is a significant milestone in the currency's history.

Here's a quick snapshot of the MYR to INR exchange rate over the last 30 and 90 days:

If you're looking to compare the Malaysian Ringgit to the Indian Rupee over the years, you can view the exchange rates for each year from 2016 to 2025.

To get a better idea of the trend, you can click on the links below to view the rates for each year.

The Malaysian Ringgit has appreciated significantly against the Indian Rupee over the past decade, with a +24.83% increase in value.

This means that the Malaysian Ringgit has gained purchasing power compared to the Indian Rupee over the last decade.

The Malaysian Ringgit, also known as the MYR, has a fascinating history that's worth exploring.

In 1967, the Bank of Negara Malaysia replaced the Malayan Dollar and British Borneo with the Malaysian Dollar, which was pegged at $8.57 USD (1 GBP).

This new currency saw a significant drop in value within the first 5 months, losing nearly 14% of its worth.

The Malaysian Ringgit traded at a stable 2.50 to 1 US dollar from 1995 to 1997, but its value began to fluctuate afterwards.

By 1997, the Malaysian Ringgit had fallen to 3.80 to 1 US dollar, and its value continued to oscillate between 3.80 and 4.40 to 1 US dollar until 1998.

In 1998, the Bank of Negara Malaysia took control of the Malaysian Ringgit's value by pegging it to the US dollar.

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