Convert Malaysian Ringgit to Nigerian Naira
Please provide values below to convert Malaysian Ringgit [MYR] to Nigerian Naira [NGN], or Convert Nigerian Naira to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Nigerian Naira
1 MYR = 0.00276435093968921 NGN
Example: convert 15 MYR to NGN:
15 MYR = 15 × 0.00276435093968921 NGN = 0.0414652640953382 NGN
Malaysian Ringgit to Nigerian Naira Conversion Table
| Malaysian Ringgit | Nigerian Naira |
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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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.