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Bitcoin Cash to Malaysian Ringgit Converter and calculator

Convert 1Bitcoin Cash (BCH) to Malaysian Ringgit (MYR) equals RM 2,428.49 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Bitcoin Cash(BCH) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 BCH at a value of 1 BCH for 2,428.49 MYR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

MYR information

About the Malaysian Ringgit (MYR)

What Is the Malaysian Ringgit (MYR)?

The Malaysian Ringgit, abbreviated as MYR and often represented by the symbol "RM," is the official currency of Malaysia. RM stands for "Ringgit Malaysia." The term "Ringgit" means "jagged" in Malay, originally referring to the serrated edges of silver Spanish dollars. The Ringgit is divided into 100 smaller units known as sen. The Malaysian Ringgit is the sole legal tender in Malaysia, and it is used for all transactions within the country.

The Malaysian Ringgit is issued by the Central Bank of Malaysia, known as Bank Negara Malaysia. Established on January 26, 1959, under the Central Bank of Malaysia Act 1958, Bank Negara Malaysia is the sole authority responsible for issuing currency in Malaysia. In addition to currency issuance, the central bank also manages monetary policy, financial stability, and the overall financial system infrastructure in the country.

What Is the History of MYR?

The Ringgit has a rich history, tracing back to the times when Malaysia was a part of European colonial powers. Initially, the Spanish dollars were used, later replaced by the Indian Rupee in 1837, and then reintroduced 30 years later. The Straits Dollar took over in 1903, pegged at two shillings to the British Pound. The Malaysian Ringgit was introduced in 1967, replacing the Dollar Malaya, which was also used by Singapore and Brunei.

Notes and Coins of MYR

The first series of coins and banknotes were issued in 1967. Over the years, various denominations have been used, including 1, 5, 10, 20, and 50 sen coins, and RM1, RM5, RM10, RM20, RM50, RM100 banknotes. The RM500 and RM1000 notes were discontinued in 1999 due to the Asian Financial Crisis.

Is MYR Pegged to the US Dollar?

The Malaysian Ringgit (MYR), issued by Bank Negara Malaysia, is not pegged to the US Dollar. Historically, during the Asian Financial Crisis in 1998, Malaysia had pegged the Ringgit to the US Dollar at a rate of 3.8 MYR to 1 USD to stabilize its economy. However, this peg was removed on July 21, 2005, following a similar decision by China regarding the Renminbi. Since then, the Ringgit has been operating under a managed float system, where its value is determined by market forces of supply and demand, with occasional interventions by the central bank to ensure stability. This transition reflects a move towards aligning the Ringgit's value more closely with Malaysia's economic fundamentals and market dynamics.

What Is the Price History of MYR?

The Malaysian Ringgit (MYR) has experienced a dynamic price history, significantly influenced by regional and global economic events. Before 1998, the Ringgit's value fluctuated in response to domestic and international economic conditions. The Asian Financial Crisis of 1997-1998 dramatically impacted the Ringgit, leading Malaysia to peg it to the US Dollar at 3.8 MYR to 1 USD in 1998 for stability. This peg was removed in 2005, transitioning the Ringgit to a managed float system where its value is determined by market forces, though occasionally stabilized by interventions from Bank Negara Malaysia. Since then, the Ringgit's valuation has been influenced by various factors, including global oil prices, Malaysia's economic policies, US-China trade tensions, and domestic political scenarios, reflecting its sensitivity to both internal and external economic dynamics. As of January 2024, the Malaysian Ringgit is trading at a rate of 1 MYR = 0.22 US dollars.

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Bitget crypto-to-fiat exchange data shows that the most popular Bitcoin Cash currency pair is the BCH to MYR, with for Bitcoin Cash's currency code being BCH. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

BCH to MYR conversion rate trend

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In the past 1D, Bitcoin Cash has changed -0.58% to MYR. Based on the trend and price charts, Bitcoin Cash(BCH) has changed -0.58% to MYR while Malaysian Ringgit(MYR) has changed % to BCH in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM2,431.36
0.0001% / 0.0004%vip-iconVIP
Binance
RM2,428.21
0.1000% / 0.1000%
Yes
Kraken
RM2,430.84
0.1000% / 0.1000%
Yes
OKX
RM2,428.69
0.080% / 0.100%
Yes
Huobi
RM2,427.88
0.1000% / 0.1000%
Yes
Gate.io
RM2,428.97
0.1000% / 0.1000%
Yes
Bybit
RM2,433.94
0.1000% / 0.1000%
Yes
KuCoin
RM2,428.59
0.1000% / 0.1000%
Yes
Last updated 2024/04/23 08:00:29(UTC+0)

What factors influence the conversion rate of Bitcoin Cash to Malaysian Ringgit?

Bitcoin Cash to Malaysian Ringgit is rising this week.
Bitcoin Cash's current market price is RM 2,428.49 per BCH, with a total market cap of RM 47,830,743,490.89 MYR based on a circulating supply of 19,695,646 BCH. The trading volume of Bitcoin Cash has changed by -5.27% (RM -86,105,133.68 MYR) in the last 24 hours. Last trading day, BCH's trading volume was RM 1,634,648,954.61.
Market cap
$10.01B
24h volume
$324.03M
Circulating supply
19.70M BCH

Conversion tables

The exchange rate of Bitcoin Cash is increasing.
1 BCH is currently valued at RM 2,428.49 MYR , which means buying 5 BCH will cost RM 12,142.47 MYR . Similarly, RM1 MYR can be traded for 0.0004118 BCH, and RM50 MYR can be converted to 0.02059 BCH, excluding any platform or gas fees.
The exchange rate of 1 BCH to Malaysian Ringgit has changed by +3.67% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.58%, reaching a high of 2,523.59 MYR and a low of 2,413.84 MYR . One month ago, the value of 1 BCH was RM 2,144.17 MYR , which represents a +13.26% change from its current value. Over the last year, Bitcoin Cash has changed by
+RM
420.06MYR
, resulting in a change of +322.65% in its value.

BCH to MYR

Amount
08:23 am today
0.5 BCH
RM1,214.25
1 BCH
RM2,428.49
5 BCH
RM12,142.47
10 BCH
RM24,284.93
50 BCH
RM121,424.66
100 BCH
RM242,849.32
500 BCH
RM1,214,246.58
1000 BCH
RM2,428,493.15

MYR to BCH

Amount08:23 am today
0.5MYR0.0002059  BCH
1MYR0.0004118  BCH
5MYR0.002059  BCH
10MYR0.004118  BCH
50MYR0.02059  BCH
100MYR0.04118  BCH
500MYR0.2059  BCH
1000MYR0.4118  BCH
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Today vs. 24 hours ago

Amount08:23 am today24 hours ago24h change
0.5 BCH$254.08$255.56
-0.58%
1 BCH$508.16$511.13
-0.58%
5 BCH$2,540.8$2,555.64
-0.58%
10 BCH$5,081.59$5,111.28
-0.58%
50 BCH$25,407.96$25,556.38
-0.58%
100 BCH$50,815.93$51,112.76
-0.58%
500 BCH$254,079.64$255,563.81
-0.58%
1000 BCH$508,159.27$511,127.62
-0.58%

Today vs. 1 month ago

Amount08:23 am today1 month ago1M change
0.5 BCH$254.08$224.33
+13.26%
1 BCH$508.16$448.67
+13.26%
5 BCH$2,540.8$2,243.33
+13.26%
10 BCH$5,081.59$4,486.66
+13.26%
50 BCH$25,407.96$22,433.3
+13.26%
100 BCH$50,815.93$44,866.59
+13.26%
500 BCH$254,079.64$224,332.96
+13.26%
1000 BCH$508,159.27$448,665.92
+13.26%

Today vs. 1 year ago

Amount08:23 am today1 year ago1Y change
0.5 BCH$254.08$60.13
+322.65%
1 BCH$508.16$120.26
+322.65%
5 BCH$2,540.8$601.31
+322.65%
10 BCH$5,081.59$1,202.63
+322.65%
50 BCH$25,407.96$6,013.13
+322.65%
100 BCH$50,815.93$12,026.26
+322.65%
500 BCH$254,079.64$60,131.3
+322.65%
1000 BCH$508,159.27$120,262.6
+322.65%

FAQ

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