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GBP to MYR Exchange Rate

Currency Information on Malaysian Ringgit - MYR— Malaysian Ringgit – RMThe foreign exchange currency code for MYR represents the Malaysian Ringgit exchange rate. Originally, Malaysia used the Malaya and British Borneo Dollar.

An overview of Malaysian Ringgit

The word "Ringgit" comes from Portuguese colonial era which used to describe the jagged edges of Spanish dollars. In the early 1950s, Malaysian used notes and coins that contained the portrait of British sovereign including King George VI and Queen Elizabeth II. The currency was replaced with a series of unique notes when Malaya got its independence in 1957.

If you take a closer look at random notes of Malaysian currency, you can realize there is picture resembling the beauty nature of Malaysia at the back of each one. The RM1 note contain a big kite which is known as 'Wau Bulan'. It is a distinct representation of Kelantan (a state in Malaysia) art where people actually make the kite and sell it around. Next, there is a bird which we call it 'Hornbill' at the back of the RM5 note. This bird can be found around East Malaysia in the Borneo tropical rain forest. The RM10 note showing the national flower of Malaysia, which is Hibiscus (also known as Bunga Raya in Malay). The RM50 note displayed major production of Malaysia, which is the oil palm. Finally, we have the tip behind the RM100 note portraying the highest mountain in Malaysia, which is Mount Kinabalu located in Sabah (a state in Malaysia).

We can see that it is the nation pride to have such noble representation of a country within the Malaysian Ringgit. Unfortunately, there are also some undesirable incidents that strike the history of Malaysian Ringgit. The records and statistical data from Trading Economics showed that the USD/MYR exchange rate approached a highest of 1USD to RM4.71 last year. From a five years review, the Malaysian Ringgit have dropped since 2015 with respect to USD. Many people suggesting that there is a relation with political issues while some saying it is caused by multiple aircraft incidents happened back in 2014 and 2015. Nevertheless, as a Malaysian, we still hope that our currency can stand on a better potential position in the international field.

Currency Exchange Rates for Malaysian Ringgit. But this was replaced by the Malaysian dollar in 1967, due to emergence of new currencies, Malaysian authorities changed the symbol for the Malaysian dollar to the Malaysian Ringgit in 1993.

Currency Information on MYR. Coins are available in denominations of 5, 10, 20 and 50 sen. Banknotes are available in denominations of RM1, RM5, RM10, RM20, RM50 and RM100.

Convert Pound to Malaysian Ringgit

Convert GBP to MYR exchange rate. Buy and sell British Pounds to Malaysian Ringgit. Convert MYR to GBP with a currency broker offering the best foreign exchange rates. Exchange GBP to MYR - Convert Pound to Malaysian Ringgit for a Free Online Quote.

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