MYR to INR: Malaysian Ringgits To Indian Rupees Online

MYR to INR

The MYR to INR conversion refers to exchanging Malaysian Ringgit (MYR) for Indian Rupees (INR). The exchange rate between these two currencies can fluctuate due to various factors like changes in interest rates, economic stability, and political events in Malaysia and India. The rate tells you how many Indian Rupees you can get for one Malaysian Ringgit. If you plan to convert MYR to INR, check the latest exchange rate to know how much money you’ll receive. You can check this rate through banks, online currency converters, or financial news sources. Whether travelling or handling transactions, understanding these rates will make your financial dealings much smoother.

Keep reading to discover more about converting Ringgit to Rupees and how you can get the best rates for your money. This blog will cover the definitions of the two currencies and provide straightforward examples to help you understand the exchange process.

Overview of MYR(Malaysian Ringgit)

The Malaysian Ringgit (MYR) is Malaysia’s official currency. Its symbol is RM, which stands for Ringgit Malaysia. The Ringgit is divided into 100 smaller units called sen. When it comes to understanding exchange rates and conversions involving the Ringgit, there’s a simple formula you can use:

Amount in MYR × Exchange rate = Amount in Foreign Currency 

For example, if you want to convert MYR to another currency, like the US Dollar (USD), you would multiply the amount in Ringgit by the current exchange rate between MYR and USD.

History of MYR(Malaysian Ringgit)

On June 12, 1967, Malaysia’s central bank, the Bank of Negara Malaysia, altered the Malayan Dollar and British Borneo with the Dollar of Malaysian. The Malaysian was worth $8.57 USD (1 GBP) (British Pound Sterling). However, its worth dropped by nearly 14% in the first 5 months.

From 1995 to 1997, the Malaysian Ringgit decided to trade at 2.50 to the US dollar, eventually falling to 3.80 to the US dollar by 1997. The value fluctuated between 3.80 and 4.40 to the US dollar until 1998, when the Bank of Negara Malaysia flagged the Malaysian Ringgit to the US dollar.

Overview of INR(Indian Rupee)

The Indian rupee (INR) is India’s official currency. When converting any foreign currency to INR or vice versa, you use a specific formula based on the exchange rate. The exchange rate tells you how much one unit of a foreign currency is worth in Indian Rupees.

Here’s a simple formula to convert any foreign currency to INR:

Amount in INR = Amount in Foreign Currency × Exchange Rate

Exchange Path: MYR to INR Conversion with Examples

The current exchange rate for MYR to INR is 1 RM = INR 18.

History of INR(Indian Rupee)

Sher Shah Suri launched the silver coin weighing 11.53 grams rupee in India from 1540 to 1545. The silver coin was also recognised by rupiya.  

The rupee was originally a silver coin. This had significant effects in the 19th century. When the world’s most powerful markets were based on the benchmark. The discovery of significant amounts of silver in the US (United States) and numerous European regions triggered the 1873 fear and confusion. It tends to result in a decrease in the value of silver compared to gold, depreciating India’s basic currency. The term ‘Rupiya’, on the other hand, is quite common even today.

At the time, one rupee was worth 40 pieces of copper. Since, after independence, India received its main currency the type of rupee. Independence also resulted in the substitution of all erstwhile  types of currency.

An INR note was the initial unit of currency published in the nation after independence. In 2011, the country underwent a process of  financial restructuring,  all coins worth 25 paise or less were delisted. Another significant change occurred in 2016 when currency notes of 500 and 1,000 were demonetised and new banknotes of 1, 2, 5, 10, and 20 were presented.

MYR to INR Forecast 2022-23

The below table shows the MYR-INR forecast for the years 2022 and 2023. Remember, the MYR to INR today’s live rate may differ from the live rate of tomorrow, the day after tomorrow, and so soon. A forecast will help you determine an expected future range.  

2022
Month & Year Opening Rate Closing Rate Minimum Rate Maximum Rate Total Change in %
March 2022 17.9942 17.9468 17.9149 17.9969 -0.26 %
April 2022 17.9445 18.191 17.9445 18.1943 1.36 % 
May 2022 18.1923 18.1527 18.1483 18.2088 -0.22 %
June 2022 18.1504 18.2721 18.1422 18.2721 0.67 % 
July 2022 18.2621 18.2067 18.2026 18.2627 -0.3 %
August 2022 18.2119 18.3849 18.2119 18.3849 0.94 % 
September 2022 18.3907 18.2247 18.2247 18.3907 -0.91 %
October 2022 18.2261 18.2841 18.2261 18.2987 0.32 % 
November 2022 18.2887 18.2982 18.2811 18.3174 0.05 % 
December 2022 18.2971 18.2659 18.2586 18.2971 -0.17 %
2023
Month & Year Opening Rate Closing Rate Minimum Rate Maximum Rate Total Change in %
January 2023 18.2638 18.2678 18.2437 18.2699 0.02 % 
February 2023 18.2685 18.3423 18.2643 18.3423 0.4 % 
March 2023 18.343 18.2856 18.2651 18.3465 -0.31 %
April 2023 18.2932 18.5394 18.2932 18.5399 1.33 % 
May 2023 18.5457 18.5023 18.502 18.5598 -0.23 %
June 2023 18.5031 18.6126 18.4922 18.6217 0.59 % 
July 2023 18.6129 18.5603 18.5532 18.6161 -0.28 %
August 2023 18.5666 18.7364 18.5638 18.7364 0.91 % 
September 2023 18.7304 18.5753 18.5751 18.7424 -0.83 %
October 2023 18.5748 18.6393 18.5748 18.6478 0.35 % 
November 2023 18.6379 18.6515 18.6305 18.6683 0.07 % 
December 2023 18.6384 18.6152 18.6083 18.6384 -0.12 %

Convert MYR to INR

You need to know the value of 1 MYR to INR today to convert Malaysian ringgit to INR. As of 1st Feb 2022, the value of 1 ringgit to INR is 17.84 INR.

Let’s learn to convert MYR to INR by looking at the instances below to get a better understanding of the conversion. 

Example 1: Convert 1.80 MYR to INR.

Solution: The exchange rate MYR to Indian rupee is 17.53 INR,

1.80 MYR is 1.80*17.53 = 31.56 INR

Example 2: Convert 1.50 MUY to INR.

Solution: The exchange rate MYR to Indian rupee is 17.53 INR,

1.50 MYR is 1.50*17.53 = 26.30 INR

Example 3: Convert 1.65 MUY to INR.

Solution: The exchange rate MYR to Indian rupee is 17.53 INR,

1.65 MYR is 1.65*17.53 = 28.93 INR

Example 4: Convert 1.95 MUY to INR.

Solution: The exchange rate MYR to the Indian rupee is 17.53 INR,

1.95 MYR is 1.95*17.53 = 34.19 INR

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MYR Vs INR – Key Differences

The table below displays the basic differences between MYR and INR.

Comparison  MYR INR
Definition  Malaysia refers to the Malaysian Ringgit or MYR. The word “Ringgit,” means jagged, also shortened to RM.  INR is the country’s main currency. It is symbolised by the ‘₹’ symbol, which was officially introduced and accepted in 2010.
Nation Malaysia India
Unit 100 sen = 1 MYR 100 Paise = 1 ₹
Symbol RM

MYR to INR Conversion Chart

The below table displays MYR to INR conversion chart. With this table, you can easily learn how to convert rm to rupees. 

MYR MYR to INR
1 MYR 1 MYR is equal to 17.84 INR
2 MYR 2 MYR is equal to 35.68 INR
3 MYR 3 MYR is equal to 53.52 INR
4 MYR 4 MYR is equal to 71.36 INR
5 MYR 5 MYR is equal to 89.2 INR
6 MYR 6 MYR is equal to 107.04 INR
7 MYR 7 MYR is equal to 124.88 INR
8 MYR 8 MYR is equal to 142.72 INR
9 MYR 9 MYR is equal to 160.56 INR
10 MYR 10 MYR is equal to 178.4 INR
11 MYR 11 MYR is equal to 196.24 INR
12 MYR 12 MYR is equal to 214.08 INR
13 MYR 13 MYR is equal to 231.92 INR
14 MYR 14 MYR is equal to 249.76 INR
15 MYR 15 MYR is equal to 267.6 INR
16 MYR 16 MYR is equal to 285.44 INR
17 MYR 17 MYR is equal to 303.28 INR
18 MYR 18 MYR is equal to 321.12 INR
19 MYR 19 MYR is equal to 338.96 INR
20 MYR 20 MYR is equal to 356.8 INR
21 MYR 21 MYR is equal to 374.64 INR
22 MYR 22 MYR is equal to 392.48 INR
23 MYR 23 MYR is equal to 410.32 INR
24 MYR 24 MYR is equal to 428.16 INR
25 MYR 25 MYR is equal to 446 INR
26 MYR 26 MYR is equal to 463.84 INR
27 MYR 27 MYR is equal to 481.68 INR
28 MYR 28 MYR is equal to 499.52 INR
29 MYR 29 MYR is equal to 517.36 INR
30 MYR 30 MYR is equal to 535.2 INR
31 MYR 31 MYR is equal to 553.04 INR
32 MYR 32 MYR is equal to 570.88 INR
33 MYR 33 MYR is equal to 588.72 INR
34 MYR 34 MYR is equal to 606.56 INR
35 MYR 35 MYR is equal to 624.4 INR
36 MYR 36 MYR is equal to 642.24 INR
37 MYR 37 MYR is equal to 660.08 INR
38 MYR 38 MYR is equal to 677.92 INR
39 MYR 39 MYR is equal to 695.76 INR
40 MYR 40 MYR is equal to 713.6 INR
41 MYR 41 MYR is equal to 731.44 INR
42 MYR 42 MYR is equal to 749.28 INR
43 MYR 43 MYR is equal to 767.12 INR
44 MYR 44 MYR is equal to 784.96 INR
45 MYR 45 MYR is equal to 802.8 INR
46 MYR 46 MYR is equal to 820.64 INR
47 MYR 47 MYR is equal to 838.48 INR
48 MYR 48 MYR is equal to 856.32 INR
49 MYR 49 MYR is equal to 874.16 INR
50 MYR 50 MYR is equal to 892 INR
51 MYR 51 MYR is equal to 909.84 INR
52 MYR 52 MYR is equal to 927.68 INR
53 MYR 53 MYR is equal to 945.52 INR
54 MYR 54 MYR is equal to 963.36 INR
55 MYR 55 MYR is equal to 981.2 INR
56 MYR 56 MYR is equal to 999.04 INR
57 MYR 57 MYR is equal to 1016.88 INR
58 MYR 58 MYR is equal to 1034.72 INR
59 MYR 59 MYR is equal to 1052.56 INR
60 MYR 60 MYR is equal to 1070.4 INR
61 MYR 61 MYR is equal to 1088.24 INR
62 MYR 62 MYR is equal to 1106.08 INR
63 MYR 63 MYR is equal to 1123.92 INR
64 MYR 64 MYR is equal to 1141.76 INR
65 MYR 65 MYR is equal to 1159.6 INR
66 MYR 66 MYR is equal to 1177.44 INR
67 MYR 67 MYR is equal to 1195.28 INR
68 MYR 68 MYR is equal to 1213.12 INR
69 MYR 69 MYR is equal to 1230.96 INR
70 MYR 70 MYR is equal to 1248.8 INR
71 MYR 71 MYR is equal to 1266.64 INR
72 MYR 72 MYR is equal to 1284.48 INR
73 MYR 73 MYR is equal to 1302.32 INR
74 MYR 74 MYR is equal to 1320.16 INR
75 MYR 75 MYR is equal to 1338 INR
76 MYR 76 MYR is equal to 1355.84 INR
77 MYR 77 MYR is equal to 1373.68 INR
78 MYR 78 MYR is equal to 1391.52 INR
79 MYR 79 MYR is equal to 1409.36 INR
80 MYR 80 MYR is equal to 1427.2 INR
81 MYR 81 MYR is equal to 1445.04 INR
82 MYR 82 MYR is equal to 1462.88 INR
83 MYR 83 MYR is equal to 1480.72 INR
84 MYR 84 MYR is equal to 1498.56 INR
85 MYR 85 MYR is equal to 1516.4 INR
86 MYR 86 MYR is equal to 1534.24 INR
87 MYR 87 MYR is equal to 1552.08 INR
88 MYR 88 MYR is equal to 1569.92 INR
89 MYR 89 MYR is equal to 1587.76 INR
90 MYR 90 MYR is equal to 1605.6 INR
91 MYR 91 MYR is equal to 1623.44 INR
92 MYR 92 MYR is equal to 1641.28 INR
93 MYR 93 MYR is equal to 1659.12 INR
94 MYR 94 MYR is equal to 1676.96 INR
95 MYR 95 MYR is equal to 1694.8 INR
96 MYR 96 MYR is equal to 1712.64 INR
97 MYR 97 MYR is equal to 1730.48 INR
98 MYR 98 MYR is equal to 1748.32 INR
99 MYR 99 MYR is equal to 1766.16 INR
100 MYR 100 MYR is equal to 1784 INR

FAQs about Convert MYR to INR

Q1. Is Malaysia's currency greater than India's currency?

Yes, Malaysia’s currency is currently higher than India’s currency. The value keeps fluctuating, but Malaysia’s currency has been consistently higher than India’s for years. 

Q2. How much is 1 RM in India?

As of 1st Feb 2022, 1 RM or MYR is 17.84 INR.

Q3. Does Malaysia accept Indian Rupees?

Yes, Malaysia accepts Indian rupees for conversion purposes. However, if you wish to spend Indian rupees in Malaysia, you will not be able to. 

Q4. What was the exchange rate of the Malaysian ringgit in 2019?

The MYR to INR exchange rate in 2019 was somewhere between 17.16 to 17.37 INR. 

Vipra Chadha Vipra is a full-time content writer and a part-time Netflix addict. She enjoys exploring new topics and researches every piece before nailing it on the top searches of Google. She’s passionate about learning, believes in laughing her heart out and taking life one day at a time.
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