Euro to Malaysian Ringgit — exchange rate

The euro (sign: €, code: EUR, number: 978) is a currency unit that is used for payment on the Eurozone territory. It is used among the majority of European countries: in Germany, Austria, Spain, France, Greece, etc. A common abbreviation of the currency is EUR.

Every euro is worth 100 cents. Sometimes the coins are called eurocents to avoid misunderstanding. The € currency was introduced in 2002 after the official establishment of the European Union. It has replaced a lot of European currencies: Greek drachma, Lithuanian litas, Slovak krona and so on. Introducing euro on a vast territory has allowed to remove transfer commission connected to conversion. Many preserved local currencies have a rate closely tied to EUR.

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.