Convert Israeli New Sheqel to Malaysian Ringgit
Please provide values below to convert Israeli New Sheqel [ILS] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Malaysian Ringgit
1 ILS = 0.790518504513873 MYR
Example: convert 15 ILS to MYR:
15 ILS = 15 × 0.790518504513873 MYR = 11.8577775677081 MYR
Israeli New Sheqel to Malaysian Ringgit Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
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.