Convert Malaysian Ringgit to Indonesian Rupiah
Please provide values below to convert Malaysian Ringgit [MYR] to Indonesian Rupiah [IDR], or Convert Indonesian Rupiah to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Indonesian Rupiah
1 MYR = 0.000259787347411924 IDR
Example: convert 15 MYR to IDR:
15 MYR = 15 × 0.000259787347411924 IDR = 0.00389681021117886 IDR
Malaysian Ringgit to Indonesian Rupiah Conversion Table
| Malaysian Ringgit | Indonesian Rupiah |
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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.
Indonesian Rupiah
The Indonesian Rupiah (IDR) is the official currency of Indonesia, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Rupiah was introduced in 1946 to replace the Dutch East Indies gulden. It has undergone various reforms and redenominations over the years, especially following Indonesia's independence and economic changes, to stabilize the economy and control inflation.
Current Use
Today, the Rupiah is widely used across Indonesia for all forms of financial transactions, including cash payments, banking, and digital transactions. It remains the official legal tender of Indonesia.