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dogwifhat to Malaysian Ringgit Converter and calculator

Convert 1dogwifhat (WIF) to Malaysian Ringgit (MYR) equals RM 12.03 | 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 dogwifhat(WIF) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 WIF at a value of 1 WIF for 12.03 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 dogwifhat currency pair is the WIF to MYR, with for dogwifhat's currency code being WIF. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

WIF to MYR conversion rate trend

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In the past 1D, dogwifhat has changed -8.13% to MYR. Based on the trend and price charts, dogwifhat(WIF) has changed -8.13% to MYR while Malaysian Ringgit(MYR) has changed % to WIF in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM12.03
0.0001% / 0.0004%vip-iconVIP
Binance
RM11.99
0.1000% / 0.1000%
Yes
OKX
RM11.99
0.080% / 0.100%
Yes
Huobi
RM11.99
0.1000% / 0.1000%
Yes
Gate.io
RM12
0.1000% / 0.1000%
Yes
Bybit
RM12.03
0.1000% / 0.1000%
Yes
KuCoin
RM12
0.1000% / 0.1000%
Yes
Bitfinex
RM12.16
0.1000% / 0.1000%
Yes
Last updated 2024/05/19 11:00:17(UTC+0)

How to buy dogwifhat

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Buy dogwifhat (WIF)
Use a variety of payment options to buy dogwifhat on Bitget. We'll show you how.

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

dogwifhat to Malaysian Ringgit is falling this week.
dogwifhat's current market price is RM 12.03 per WIF, with a total market cap of RM 12,016,489,898.89 MYR based on a circulating supply of 998,906,000 WIF. The trading volume of dogwifhat has changed by +81.49% (RM 1,872,526,449.52 MYR) in the last 24 hours. Last trading day, WIF's trading volume was RM 2,297,815,295.71.
Market cap
$2.56B
24h volume
$889.67M
Circulating supply
998.91M WIF

Conversion tables

The exchange rate of dogwifhat is decreasing.
1 WIF is currently valued at RM 12.03 MYR , which means buying 5 WIF will cost RM 60.15 MYR . Similarly, RM1 MYR can be traded for 0.08313 WIF, and RM50 MYR can be converted to 4.16 WIF, excluding any platform or gas fees.
The exchange rate of 1 WIF to Malaysian Ringgit has changed by -14.35% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.13%, reaching a high of 13.06 MYR and a low of 11.84 MYR . One month ago, the value of 1 WIF was RM 13.83 MYR , which represents a -13.05% change from its current value. Over the last year, dogwifhat has changed by
+RM
2.65MYR
, resulting in a change of --% in its value.

WIF to MYR

Amount
11:42 am today
0.5 WIF
RM6.01
1 WIF
RM12.03
5 WIF
RM60.15
10 WIF
RM120.3
50 WIF
RM601.48
100 WIF
RM1,202.97
500 WIF
RM6,014.83
1000 WIF
RM12,029.65

MYR to WIF

Amount11:42 am today
0.5MYR0.04156  WIF
1MYR0.08313  WIF
5MYR0.4156  WIF
10MYR0.8313  WIF
50MYR4.16  WIF
100MYR8.31  WIF
500MYR41.56  WIF
1000MYR83.13  WIF
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Today vs. 24 hours ago

Amount11:42 am today24 hours ago24h change
0.5 WIF$1.28$1.4
-8.13%
1 WIF$2.57$2.79
-8.13%
5 WIF$12.83$13.97
-8.13%
10 WIF$25.66$27.93
-8.13%
50 WIF$128.32$139.66
-8.13%
100 WIF$256.63$279.32
-8.13%
500 WIF$1,283.16$1,396.62
-8.13%
1000 WIF$2,566.33$2,793.25
-8.13%

Today vs. 1 month ago

Amount11:42 am today1 month ago1M change
0.5 WIF$1.28$1.48
-13.05%
1 WIF$2.57$2.95
-13.05%
5 WIF$12.83$14.76
-13.05%
10 WIF$25.66$29.51
-13.05%
50 WIF$128.32$147.57
-13.05%
100 WIF$256.63$295.14
-13.05%
500 WIF$1,283.16$1,475.68
-13.05%
1000 WIF$2,566.33$2,951.37
-13.05%
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Today vs. 1 year ago

Amount11:42 am today1 year ago1Y change
0.5 WIF$1.28$0.0006227
--
1 WIF$2.57$0.001245
--
5 WIF$12.83$0.006227
--
10 WIF$25.66$0.01245
--
50 WIF$128.32$0.06227
--
100 WIF$256.63$0.1245
--
500 WIF$1,283.16$0.6227
--
1000 WIF$2,566.33$1.25
--

dogwifhat price prediction

What will the price of WIF be in 2025?

Based on WIF's historical price performance prediction model, the price of WIF is projected to reach $3.6 in 2025.

What will the price of WIF be in 2030?

In 2030, the WIF price is expected to rise by -7.00%. By the end of 2030, the WIF price is projected to reach $6.79, with a cumulative ROI of +164.57%.
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FAQ

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