The Malaysian Ringgit exchange rate (abbreviated MYR) is always in focus all over the world. There are several reasons for this. First, the MYR imports and exports too many billions each year. Second, the malaysian ringgit is used as currency in many places other than the MYR. For example in countries where the local currency is affected by high inflation. The exchange rate of the MYR is therefore decisive for trade across the globe. Pakistan companies that trade abroad are of course particularly interested in Pakistani Rupee (PKR) to Malaysian Ringgit – PKR to MYR and vice versa.
The Malaysian Ringgit is used, among other things, to determine the value of important commodities such as oil and gold.