Malaysian Ringgit to Japanese Yen: Understanding and Maximizing Conversions

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A Variety of Malaysian Currency
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The Malaysian Ringgit (MYR) and Japanese Yen (JPY) are two popular currencies with significant exchange rates. The current exchange rate is approximately 1 MYR to 13.5 JPY.

If you're planning to travel to Japan or conduct business with Malaysian companies, understanding the conversion rates is crucial. The exchange rate can fluctuate daily, so it's essential to stay up-to-date.

A 1% change in the exchange rate can make a significant difference in the value of your money. For example, if you're exchanging $1,000, a 1% change in the exchange rate can result in an additional $10 or a loss of $10.

As of our last update, the exchange rate has been relatively stable, with a slight increase in the value of the JPY.

Convert Today

You can easily convert Malaysian Ringgit to Japanese Yen with the current exchange rate. The mid-market exchange rate is 1 MYR = 34.955 JPY.

To get the most up-to-date conversion, use a currency converter or check online exchange rates. The current rate is 34.955 JPY per MYR.

Credit: youtube.com, Malaysian Ringgit has outperformed Japanese Yen and gold since July, strategist explains why

If you want to convert a specific amount, you can use the conversion rates provided. For example, 900 MYR is worth 31,459.5 JPY at the current exchange rate.

Here are some common conversion rates:

Keep in mind that exchange rates can fluctuate, so it's always a good idea to check the current rate before making a conversion.

Current and Historical Data

The Malaysian Ringgit to Japanese Yen exchange rate is currently 1 MYR = 34.955 JPY, making it a strong currency against the Japanese Yen.

You can check the latest rates to send MYR to JPY, and even make international transfers securely and efficiently.

The MYR/JPY rate has increased by +3.59% in the last six months, indicating a rise in the value of the Malaysian Ringgit compared to the Japanese Yen.

Here's a snapshot of the exchange rate:

The Malaysian Ringgit has appreciated +25.24% against the Japanese Yen over the past 10 years, resulting in a significant increase in purchasing power.

Credit: youtube.com, 100 Malaysia Ringgit to Japanese yen | Ringgit to Yen | Yen to Ringgit | Japan Vs Malaysia

The Malaysian Ringgit has shown a strong performance against the Japanese Yen over the past year, with a 11.45% increase in value.

The pair has experienced high volatility, with a 13.65% change in price, making it essential to closely monitor the exchange rate.

In the last year, the MYR/JPY rate has increased by 12.34%, indicating that the Malaysian Ringgit has gained value compared to the Japanese Yen.

The highest exchange rate recorded in the last year was 35.307 Japanese Yen per Malaysian Ringgit on December 27, 2024.

Here's a summary of the performance trends:

The Malaysian Ringgit has gained purchasing power compared to the Japanese Yen over the last decade, making it a favorable currency for long-term investments.

Understanding and Tips

To get the most from your money when converting Malaysian Ringgit to Japanese Yen, you'll need to shop around for the best exchange rate. Banks, currency exchange offices, and international payment services all set their own rates, so it's essential to compare them.

Credit: youtube.com, Get Yen at the Best Rate & Avoid ATM Fees in Japan! Travel Money Tips

Get familiar with the mid-market exchange rate, which can be found using reputable currency conversion tools. This will give you an idea of how the market is trending and help you spot a good rate.

To convert Malaysian Ringgit to Japanese Yen, simply multiply the amount in RM by the current exchange rate, which is 34.879.

Understanding Currency: Top Tips

To get the best MYR to JPY exchange rate, you'll need to shop around a little to find the right one for your specific transaction.

Banks, currency exchange offices, and international payment services all set their own exchange rates, so it's essential to compare them to find the best deal.

Get to know the MYR/JPY mid-market exchange rate using reputable currency conversion tools, which will give you an idea of how the market is trending.

You can often set up rate alerts so the service you choose will send you a message when the MYR/JPY mid-market exchange rate hits your preferred level.

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To make a Malaysian Ringgit to Japanese Yen conversion, you just need to multiply the amount in RM by the current exchange rate, which is 34.879.

Here are some factors that can affect the MYR to JPY exchange rate:

  • Economic indicators, such as GDP growth, inflation, and interest rates.
  • Geopolitical events, such as elections and trade agreements.
  • Central bank decisions, such as interest rate changes.

Opening a multi-currency account can be a smart option if you transact internationally often, live overseas, receive payments from abroad, invest in diverse markets, or love to shop online with international retailers.

When to Convert

The best time to convert your money depends on your priorities. If you need to convert Malaysian Ringgits to Japanese Yen urgently, it's advisable to do so early in the week.

Markets for the MYR and JPY are open 24x5, starting from Monday mornings in Sydney and closing on Fridays at 5 PM in New York. This means you can convert your money at any time, but be aware that exchange rates can fluctuate by the minute.

Two elderly men in a busy Bangladeshi workshop exchanging money surrounded by tools and products.
Credit: pexels.com, Two elderly men in a busy Bangladeshi workshop exchanging money surrounded by tools and products.

The period between 3-4 PM GMT is often a good time to convert Malaysian Ringgits to Japanese Yen. This is because currency market liquidity and trading volume tend to be the highest during this time.

If you need to convert your money late in the week, be aware that executing a trade might result in a delayed settlement until the following week, as forex markets are closed on weekends.

Forex and Malaysia

The Malaysian Ringgit (MYR) has seen some fluctuations against the Japanese Yen (JPY) recently. Today's exchange rate of 34.97 MYR to 1 JPY is actually higher compared to yesterday's rate of 34.953 MYR to 1 JPY.

If you're looking to convert a large amount, you can refer to the conversion rate table below to see how much MYR you'll get for your JPY. For example, 100 JPY is equivalent to 2.86082 MYR.

Over the past 10 years, the Malaysian Ringgit has appreciated 25.24% against the Japanese Yen, which means it has gained purchasing power compared to the JPY over the last decade.

Malaysia's Forex: Oct 2018

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In October 2018, the Malaysian Ringgit to Japanese Yen exchange rate was 0.037.

This rate was a slight increase from the previous month, September 2018, where the rate was 0.036.

The minimum rate for MYR/JPY since 1983 was 0.010 in January 1983.

The maximum rate for MYR/JPY since 1983 was 0.042 in September 2011.

Here's a breakdown of the MYR/JPY exchange rate for October 2018:

Currency

The Malaysian Ringgit is the official currency of Malaysia, and it's often traded against other currencies, including the Japanese Yen.

The current exchange rate between the Malaysian Ringgit and the Japanese Yen is 1 MYR = 34.955 JPY. This is a relatively stable rate, and it's been fluctuating slightly over the past day.

If you're planning to travel to Japan or send money to a friend living there, you should know that the Malaysian Ringgit has decreased by -0.64% year-to-date against the Japanese Yen.

Here's a rough idea of how much you can get in Japanese Yen for a certain amount of Malaysian Ringgit:

The Japanese Yen is the third most traded currency in the world, and it's also ranked 103 in terms of its buying power.

Frequently Asked Questions

Which currency is higher, Malaysia or Japan?

According to the latest exchange rates, 1 Japanese Yen is equivalent to 0.0283 Malaysian Ringgit, indicating that the Japanese Yen is currently stronger than the Malaysian Ringgit. For a more detailed comparison, check the live currency converter and exchange rate history on this page.

Vanessa Schmidt

Lead Writer

Vanessa Schmidt is a seasoned writer with a passion for crafting informative and engaging content. With a keen eye for detail and a knack for research, she has established herself as a trusted voice in the world of personal finance. Her expertise has led to the creation of articles on a wide range of topics, including Wells Fargo credit card information, where she provides readers with valuable insights and practical advice.

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