MYR - Malaysian Ringgit
Malaysian Ringgit Basic Information
Category | Details |
|---|---|
Name | Malaysian Ringgit |
Symbol | RM |
Code | MYR |
Country or Region | Malaysia |
Central Bank | Bank Negara Malaysia |
MYR - Malaysian Ringgit Denominations & Conversion
The basic unit of the Malaysian Ringgit is the Ringgit (RM). It's divided into 100 sen. The term "Ringgit" is commonly used both locally and internationally, while "sen" serves as the subunit. The currency is abbreviated as "MYR" when traded internationally.
Unit | Subunits | Conversion Relationship |
|---|---|---|
Ringgit | Sen | 1 Ringgit = 100 Sen |
Coins | 5 sen, 10 sen, 20 sen, 50 sen | Coins are valued at their face value |
Banknotes | RM1, RM5, RM10, RM20, RM50, RM100 | Each banknote is valued at its face value |
MYR - Malaysian Ringgit History
The Malaysian Ringgit, abbreviated as MYR, was introduced on June 12, 1967, replacing the Malaya and British Borneo dollar. This change marked a significant move towards decolonization of the economy. Over the years, the Ringgit has seen several redesigns to improve security features and prevent counterfeiting, reflecting Malaysia's commitment to maintaining a stable and reliable currency system.
Top 5 Cities in Malaysia
Kuala Lumpur (Capital): As the capital and largest city, Kuala Lumpur is the cultural, financial, and economic centre of Malaysia, known for its skyline dominated by the iconic Petronas Twin Towers.
George Town: This city is famous for its British colonial buildings, modern skyscrapers, and well-preserved cultural sights. It is a fusion of the old world charm with new world vibrancy.
Johor Bahru: Located at the southern tip of the Malay Peninsula, Johor Bahru is a gateway to Singapore, making it a bustling city with a thriving commercial and cultural scene.
Ipoh: Known for its colonial heritage, vibrant food scene, and caves, Ipoh is a testament to Malaysia’s rich history mixed with modern influences.
Kuching: The capital city of Sarawak offers a laid-back atmosphere, diverse cultures, and is famous for its riverside setting, bustling markets, and historic landmarks.
Travel Tips for Visiting Malaysia
Land and Administrative Divisions: Malaysia consists of 13 states and 3 federal territories, spread across two main landmasses - Peninsular Malaysia and East Malaysia. It includes numerous islands, featuring diverse landscapes from dense jungles to metropolitan cities.
Climate and Weather: Malaysia’s climate is equatorial, being hot and humid throughout the year. Travelers should wear light and breathable clothing, and be prepared for rain with appropriate gear.
Cuisine: Malaysian cuisine reflects its multicultural heritage, notably Malay, Chinese, and Indian influences. Dishes are often spicy and utilize a variety of herbs and spices. Staple dishes include "Nasi Lemak" and "Satay."
Payment Methods: Cash is widely accepted, ATMs are plentiful, and digital payments like GrabPay are becoming increasingly popular.
Telecommunications: Major operators include Maxis, Celcom, and Digi, offering extensive coverage across the country.
Transport: Malaysia boasts an extensive network of buses and trains, including the KL Monorail and Mass Rapid Transit (MRT). Ride-hailing services like Grab are widely used.
World Heritage Sites: Malaysia is home to UNESCO World Heritage Sites such as the Gunung Mulu National Park in Sarawak, the Kinabalu Park in Sabah, and the historic cities of Melaka and George Town.
Tipping: Tipping is not customary in Malaysia, but it is appreciated in restaurants and with service providers, usually rounding up to the nearest ringgit.
