Malaysian Ringgit to Toman today
The Malaysian Ringgit to Toman rate is shown live at the top of this page. In Iran’s free market it is roughly the US dollar rate divided by the global USD/MYR rate. Malaysia has long been a destination for Iranian students and tourists.
Who buys Malaysian Ringgit in Iran?
- Iranian students in Malaysia.
- Tourists in Kuala Lumpur, Langkawi and Penang.
- Traders of palm oil and electronics.
What moves the rate
Palm-oil and oil prices, Bank Negara Malaysia policy and Asian growth drive USD/MYR; in Iran the ringgit follows the free-market dollar.
How EZRate calculates the rate
EZRate reads buy and sell messages of currency trading groups, removes outliers and publishes a weighted median; with too few sources the rate is computed as free-market USD ÷ USD/MYR.
Malaysian Ringgit at a glance
- See the MYR to IRT live in the table and chart at the top of this page.
- For the Malaysian Ringgit rate in Iran, check the live buy and sell rates above, refreshed every minute.
- The Malaysian Ringgit free market price for past days is recorded in the daily history on this page.
To compare, see the live US Dollar, Euro, UAE Dirham rates as well; their moves usually affect the Malaysian Ringgit too.
How to read the rates on this page
At the top you see the buy and sell rate of the Malaysian Ringgit. Buy is what traders pay you for it and sell is what they charge you; the gap (spread) shows how calm or volatile the market is. Next to each rate the update time and the number of live sources are shown, so you know how many real sources the number comes from.
Tips for buying and selling Malaysian Ringgit
Before buying or selling Malaysian Ringgit, ask licensed exchange offices for their rate and compare it with this page; on volatile days the buy–sell gap widens. Split large amounts into several trades and prefer clean, new-design banknotes, since worn notes are usually bought at a lower rate.