Convert Malaysian Ringgit to Dominican Peso
Please provide values below to convert Malaysian Ringgit [MYR] to Dominican Peso [DOP], or Convert Dominican Peso to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Dominican Peso
1 MYR = 0.0701131712813375 DOP
Example: convert 15 MYR to DOP:
15 MYR = 15 × 0.0701131712813375 DOP = 1.05169756922006 DOP
Malaysian Ringgit to Dominican Peso Conversion Table
| Malaysian Ringgit | Dominican Peso |
|---|
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.
Dominican Peso
The Dominican Peso (DOP) is the official currency of the Dominican Republic, used for everyday transactions and financial exchanges within the country.
History/Origin
The Dominican Peso was introduced in 1947, replacing the Dominican Republic peso at a rate of 1 peso to 1 peso. It has undergone various reforms and decimalization over the years to stabilize the economy and modernize the currency system.
Current Use
Today, the Dominican Peso remains the official currency of the Dominican Republic, widely used in all sectors of the economy, with banknotes and coins circulating throughout the country and in international transactions involving the Dominican Republic.