Thailand Baht to Malaysian Ringgit — exchange rate

Country of Circulation: Thailand

Currency Code, Symbol: THB, ฿

Denominations of coins in circulation: ฿1, ฿2, ฿5, ฿10

Denominations of banknotes in circulation: ฿20, ฿50, ฿100, ฿500, ฿1000

History: The Thai baht (sign: ฿, code: THB, number:764) is the official currency spread and issued in Thailand. It is not used for payment outside this Asian country. The THB abbreviation is widely known in the international arena.1 Thai baht corresponds to 100 coins called satang. There are coins worth 25 and 50 satang used as of today. The Thai baht started to spread as an official currency unit in 1928. The Siamese tical was used as a currency beforehand. Initially, baht was pretty common in Asia. People were using it not only for money, but as a unit of weight as well. Baht was common in Burma, Laos and Cambodia.Read More

Country of Circulation: Malaysia

Currency Code, Symbol: MYR, RN

Denominations of coins in circulation: RM2, RM60, RM500, RM600, RM1000

Denominations of banknotes in circulation: RM1, RM5, RM10, RM20, RM50, RM100

History: 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.Read More