1 Ringgit to USD Today
Current Exchange Rate
As of the current date, the exchange rate of 1 Malaysian Ringgit (MYR) to United States Dollar (USD) is:
1 MYR = 0.25 USD
Historical Exchange Rate
The exchange rate of MYR to USD has fluctuated over time. Here is a brief overview of the historical exchange rate:
- 2022: 1 MYR = 0.24 USD
- 2021: 1 MYR = 0.23 USD
- 2020: 1 MYR = 0.22 USD
- 2019: 1 MYR = 0.25 USD
** Currency Converter**
If you need to convert a different amount of MYR to USD, you can use the following currency converter:
| MYR | USD |
|---|---|
| 10 MYR | 2.50 USD |
| 20 MYR | 5.00 USD |
| 50 MYR | 12.50 USD |
| 100 MYR | 25.00 USD |
Factors Affecting Exchange Rate
The exchange rate of MYR to USD is affected by various economic factors, including:
- Inflation rate: Changes in inflation rates in Malaysia and the United States affect the value of their respective currencies.
- Interest rates: Changes in interest rates in Malaysia and the United States affect the value of their respective currencies.
- Trade balance: The balance of trade between Malaysia and the United States affects the value of their respective currencies.
- Economic indicators: Economic indicators such as GDP growth rate, unemployment rate, and consumer spending also affect the exchange rate.
Conclusion
The exchange rate of 1 Ringgit to USD today is 0.25 USD. The exchange rate fluctuates over time due to various economic factors. It is essential to stay updated with the current exchange rate to make informed decisions when converting currencies.
