Convert Malaysian Ringgit to Canadian Dollar
Please provide values below to convert Malaysian Ringgit [MYR] to Canadian Dollar [CAD], or Convert Canadian Dollar to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Canadian Dollar
1 MYR = 3.10561467889908 CAD
Example: convert 15 MYR to CAD:
15 MYR = 15 × 3.10561467889908 CAD = 46.5842201834862 CAD
Malaysian Ringgit to Canadian Dollar Conversion Table
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Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.
Canadian Dollar
The Canadian Dollar (CAD) is the official currency of Canada, used as the country's primary medium of exchange and store of value.
History/Origin
The Canadian Dollar was introduced in 1858, replacing the Canadian pound, and has since evolved into a stable currency, with its value influenced by Canada's economic policies and global markets.
Current Use
Today, the CAD is widely used in Canada for everyday transactions, international trade, and as a reserve currency, with its value fluctuating based on economic conditions and currency markets.