Convert Malaysian Ringgit to Turkish Lira
Please provide values below to convert Malaysian Ringgit [MYR] to Turkish Lira [TRY], or Convert Turkish Lira to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Turkish Lira
1 MYR = 0.10463221457591 TRY
Example: convert 15 MYR to TRY:
15 MYR = 15 × 0.10463221457591 TRY = 1.56948321863865 TRY
Malaysian Ringgit to Turkish Lira Conversion Table
| Malaysian Ringgit | Turkish Lira |
|---|
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.
Turkish Lira
The Turkish Lira (TRY) is the official currency of Turkey, used for everyday transactions and financial exchanges within the country.
History/Origin
The Turkish Lira was first introduced in 1923, replacing the Ottoman lira. It has undergone several revaluations and reforms, including the introduction of the New Turkish Lira in 2005 to address inflation and currency stability issues.
Current Use
Today, the Turkish Lira is the primary currency used in Turkey for all economic activities. It is also accepted in some regions of Northern Cyprus and is used in financial markets and banking transactions across the country.