Malaysian ringgit
1 EUR = 4.485 MYR 100 MYR = 22.298 EUR
1 CHF = 3.675 MYR 100 MYR = 27.2081 CHF
The ringgit is the currency of Malaysia ( currency code MYR). It is divided into 100 sen ( cents). Unofficially, the ringgit is also known as Malayan dollars. In addition to the Malaysian ringgit and the Brunei dollar is colloquially referred to as the ringgit in Malay.
History
The Malay word ringgit means jagged and refers to the serrated edges of Spanish silver dollars, which had been used since the 16th century in Southeast Asia as a means of payment - silver and silver coins were from China, the silver shortage, virtually the only means and materials by means of which for Europeans trading in the sphere of influence of the Empire of China was possible.
However, in imitation of silver dollars since 1837 and was the Indian rupee legal tender for the Straits Settlements, as of 1867 the silver dollar. In 1903 the Straits dollar was introduced by the colonial British currency office. The exchange rate was then set at two shillings and four pence; Private banks were forbidden to print banknotes.
Reorganization after the Second World War
The Straits dollar was ( with the exception of the period of Japanese occupation from 1942 to 1945 ) to 1953 cash in the country. In March 1953, the output of the Malaya and British Borneo dollar was for the Federation of Malaya and the British colonies of Singapore, Sarawak, British North Borneo and the protectorate of Brunei. In these years, the states of the Malay Peninsula and Borneo were discharged from the British colonial empire and independently. In 1967, the Malaya and British Borneo dollar was devalued along with the pound sterling by 15%, whereas the new banknotes of Bank Negara Malaysia and the Monetary commissions of Singapore and Brunei were not devalued.
Since August 1975, the ringgit name is the sole name of the Malaysian currency. Until then, the English name was dollars. The $ symbol but was only in the 1990s, replaced by RM.
After the Asian crisis of 1997, the exchange rate of the ringgit against the U.S. dollar was fixed at 3.80 RM per dollar. Since 21 July 2005, the ringgit is again decoupled from the U.S. dollar.