Czech Koruna to Malaysian Ringgit — exchange rate

The Czech koruna (Kč) is the national currency of the Czech Republic, and is used for payment only within the country. CZK is a traditional abbreviation used in currency exchange. Every Czech koruna contains 100 haléřů, but it is only a formality.

Small change is not officially used in circulation. The Czech national currency was issued in 1993 after the fall of Czechoslovakia. Before that, the national currency was the Czechoslovak koruna. The most commonly used banknote is 1000 koruna. Because of the portrait of a historian and political figure F. Palacky, it has gotten a name “Palaki”.

The Malaysian ringgit (RM) is the currency circulating in Malaysia. The currency is not used for payment in other countries. The currency has an international name.

It is abbreviated to MYR. Sen is used as change for the Malaysian ringgit. One MYR equals 100 sen. In 1967, the ringgit has become a unified official currency on the territory of the country. It has replaced another currency which was the Malaya and British Borneo dollar. Up until the 90s of the past century, the currency was defined with the sign of the American dollar. Afterwards, a new symbol – RM – has appeared in order to avoid confusion.