Convert British Pound Sterling to Malaysian Ringgit
Please provide values below to convert British Pound Sterling [GBP] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to British Pound Sterling.
How to Convert British Pound Sterling to Malaysian Ringgit
1 GBP = 0.174930283121426 MYR
Example: convert 15 GBP to MYR:
15 GBP = 15 × 0.174930283121426 MYR = 2.62395424682138 MYR
British Pound Sterling to Malaysian Ringgit Conversion Table
| British Pound Sterling | Malaysian Ringgit |
|---|
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.
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.