Convert Malaysian Ringgit to Thai Baht
Please provide values below to convert Malaysian Ringgit [MYR] to Thai Baht [THB], or Convert Thai Baht to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Thai Baht
1 MYR = 0.131358536721655 THB
Example: convert 15 MYR to THB:
15 MYR = 15 × 0.131358536721655 THB = 1.97037805082483 THB
Malaysian Ringgit to Thai Baht Conversion Table
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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.
Thai Baht
The Thai Baht (THB) is the official currency of Thailand, used for all monetary transactions within the country.
History/Origin
The Thai Baht has been the official currency of Thailand since the late 19th century, evolving from the traditional tical and undergoing various reforms, including decimalization in 1897 and a series of currency reforms to stabilize its value.
Current Use
The Thai Baht is widely used in Thailand for everyday transactions, banking, and international trade. It is also traded on the foreign exchange market and is considered a stable currency in Southeast Asia.