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Blur to Malaysian Ringgit Converter and calculator

Convert 1Blur (BLUR) to Malaysian Ringgit (MYR) equals RM 1.69 | 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 Blur(BLUR) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 BLUR at a value of 1 BLUR for 1.69 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 Blur currency pair is the BLUR to MYR, with for Blur's currency code being BLUR. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

BLUR to MYR conversion rate trend

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In the past 1D, Blur has changed -3.27% to MYR. Based on the trend and price charts, Blur(BLUR) has changed -3.27% to MYR while Malaysian Ringgit(MYR) has changed % to BLUR in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM1.7
0.0001% / 0.0004%vip-iconVIP
Binance
RM1.7
0.1000% / 0.1000%
Yes
OKX
RM1.7
0.080% / 0.100%
Yes
Huobi
RM1.7
0.1000% / 0.1000%
Yes
Gate.io
RM1.7
0.1000% / 0.1000%
Yes
Bybit
RM1.7
0.1000% / 0.1000%
Yes
KuCoin
RM1.7
0.1000% / 0.1000%
Yes
Bitfinex
RM1.71
0.1000% / 0.1000%
Yes
Last updated 2024/05/19 13:00:14(UTC+0)

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What factors influence the conversion rate of Blur to Malaysian Ringgit?

Blur to Malaysian Ringgit is falling this week.
Blur's current market price is RM 1.69 per BLUR, with a total market cap of RM 2,721,524,621.75 MYR based on a circulating supply of 1,614,629,100 BLUR. The trading volume of Blur has changed by -25.56% (RM -48,548,991.33 MYR) in the last 24 hours. Last trading day, BLUR's trading volume was RM 189,968,780.02.
Market cap
$580.59M
24h volume
$30.17M
Circulating supply
1.61B BLUR

Conversion tables

The exchange rate of Blur is decreasing.
1 BLUR is currently valued at RM 1.69 MYR , which means buying 5 BLUR will cost RM 8.43 MYR . Similarly, RM1 MYR can be traded for 0.5933 BLUR, and RM50 MYR can be converted to 29.66 BLUR, excluding any platform or gas fees.
The exchange rate of 1 BLUR to Malaysian Ringgit has changed by -3.14% in the last 7 days. In the last 24 hours, the rate has fluctuated by -3.27%, reaching a high of 1.77 MYR and a low of 1.68 MYR . One month ago, the value of 1 BLUR was RM 1.88 MYR , which represents a -10.31% change from its current value. Over the last year, Blur has changed by
-RM
0.5399MYR
, resulting in a change of -24.26% in its value.

BLUR to MYR

Amount
13:39 today
0.5 BLUR
RM0.8428
1 BLUR
RM1.69
5 BLUR
RM8.43
10 BLUR
RM16.86
50 BLUR
RM84.28
100 BLUR
RM168.55
500 BLUR
RM842.77
1000 BLUR
RM1,685.54

MYR to BLUR

Amount13:39 today
0.5MYR0.2966  BLUR
1MYR0.5933  BLUR
5MYR2.97  BLUR
10MYR5.93  BLUR
50MYR29.66  BLUR
100MYR59.33  BLUR
500MYR296.64  BLUR
1000MYR593.28  BLUR
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Today vs. 24 hours ago

Amount13:39 today24 hours ago24h change
0.5 BLUR$0.1798$0.1859
-3.27%
1 BLUR$0.3596$0.3717
-3.27%
5 BLUR$1.8$1.86
-3.27%
10 BLUR$3.6$3.72
-3.27%
50 BLUR$17.98$18.59
-3.27%
100 BLUR$35.96$37.17
-3.27%
500 BLUR$179.79$185.87
-3.27%
1000 BLUR$359.58$371.74
-3.27%

Today vs. 1 month ago

Amount13:39 today1 month ago1M change
0.5 BLUR$0.1798$0.2005
-10.31%
1 BLUR$0.3596$0.4009
-10.31%
5 BLUR$1.8$2
-10.31%
10 BLUR$3.6$4.01
-10.31%
50 BLUR$17.98$20.05
-10.31%
100 BLUR$35.96$40.09
-10.31%
500 BLUR$179.79$200.47
-10.31%
1000 BLUR$359.58$400.94
-10.31%
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Today vs. 1 year ago

Amount13:39 today1 year ago1Y change
0.5 BLUR$0.1798$0.2374
-24.26%
1 BLUR$0.3596$0.4748
-24.26%
5 BLUR$1.8$2.37
-24.26%
10 BLUR$3.6$4.75
-24.26%
50 BLUR$17.98$23.74
-24.26%
100 BLUR$35.96$47.48
-24.26%
500 BLUR$179.79$237.38
-24.26%
1000 BLUR$359.58$474.77
-24.26%

Blur price prediction

What will the price of BLUR be in 2025?

Based on BLUR's historical price performance prediction model, the price of BLUR is projected to reach $0.4194 in 2025.

What will the price of BLUR be in 2030?

In 2030, the BLUR price is expected to rise by -14.00%. By the end of 2030, the BLUR price is projected to reach $0.3681, with a cumulative ROI of +2.36%.
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