Bitget App
Trade smarter
Buy cryptoMarketsTradeCopyBotsEarnWeb3
base info Ethereum Classic

Ethereum Classic to Malaysian Ringgit Converter and calculator

Convert 1Ethereum Classic (ETC) to Malaysian Ringgit (MYR) equals RM 130.26 | Bitget

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.

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

ETC to MYR conversion rate trend

1D7D1M3M1YAll
In the past 1D, Ethereum Classic has changed +3.47% to MYR. Based on the trend and price charts, Ethereum Classic(ETC) has changed +3.47% to MYR while Malaysian Ringgit(MYR) has changed % to ETC in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM127.01
0.0001% / 0.0004%vip-iconVIP
Binance
RM126.89
0.1000% / 0.1000%
Yes
OKX
RM126.89
0.080% / 0.100%
Yes
Huobi
RM126.84
0.1000% / 0.1000%
Yes
Gate.io
RM126.92
0.1000% / 0.1000%
Yes
Bybit
RM126.99
0.1000% / 0.1000%
Yes
KuCoin
RM127.05
0.1000% / 0.1000%
Yes
Bitfinex
RM126.91
0.1000% / 0.1000%
Yes
Last updated 2024/04/15 06:00:38(UTC+0)

What factors influence the conversion rate of Ethereum Classic to Malaysian Ringgit?

Ethereum Classic to Malaysian Ringgit is falling this week.
Ethereum Classic's current market price is RM 130.26 per ETC, with a total market cap of RM 19,090,295,613.72 MYR based on a circulating supply of 146,557,730 ETC. The trading volume of Ethereum Classic has changed by -32.07% (RM -950,481,202.37 MYR) in the last 24 hours. Last trading day, ETC's trading volume was RM 2,964,001,566.6.
Market cap
$4.00B
24h volume
$421.46M
Circulating supply
146.56M ETC

Conversion tables

The exchange rate of Ethereum Classic is decreasing.
1 ETC is currently valued at RM 130.26 MYR , which means buying 5 ETC will cost RM 651.29 MYR . Similarly, RM1 MYR can be traded for 0.007677 ETC, and RM50 MYR can be converted to 0.3839 ETC, excluding any platform or gas fees.
The exchange rate of 1 ETC to Malaysian Ringgit has changed by -18.21% in the last 7 days. In the last 24 hours, the rate has fluctuated by +3.47%, reaching a high of 130.85 MYR and a low of 119.54 MYR . One month ago, the value of 1 ETC was RM 157.92 MYR , which represents a -17.45% change from its current value. Over the last year, Ethereum Classic has changed by
+RM
1.22MYR
, resulting in a change of +23.75% in its value.

ETC to MYR

Amount
06:24 am today
0.5 ETC
RM65.13
1 ETC
RM130.26
5 ETC
RM651.29
10 ETC
RM1,302.58
50 ETC
RM6,512.89
100 ETC
RM13,025.79
500 ETC
RM65,128.93
1000 ETC
RM130,257.86

MYR to ETC

Amount06:24 am today
0.5MYR0.003839  ETC
1MYR0.007677  ETC
5MYR0.03839  ETC
10MYR0.07677  ETC
50MYR0.3839  ETC
100MYR0.7677  ETC
500MYR3.84  ETC
1000MYR7.68  ETC
share

Today vs. 24 hours ago

Amount06:24 am today24 hours ago24h change
0.5 ETC$13.63$13.17
+3.47%
1 ETC$27.26$26.35
+3.47%
5 ETC$136.32$131.74
+3.47%
10 ETC$272.65$263.47
+3.47%
50 ETC$1,363.24$1,317.37
+3.47%
100 ETC$2,726.49$2,634.74
+3.47%
500 ETC$13,632.43$13,173.7
+3.47%
1000 ETC$27,264.86$26,347.4
+3.47%

Today vs. 1 month ago

Amount06:24 am today1 month ago1M change
0.5 ETC$13.63$16.53
-17.45%
1 ETC$27.26$33.05
-17.45%
5 ETC$136.32$165.27
-17.45%
10 ETC$272.65$330.55
-17.45%
50 ETC$1,363.24$1,652.73
-17.45%
100 ETC$2,726.49$3,305.45
-17.45%
500 ETC$13,632.43$16,527.26
-17.45%
1000 ETC$27,264.86$33,054.52
-17.45%

Today vs. 1 year ago

Amount06:24 am today1 year ago1Y change
0.5 ETC$13.63$11
+23.75%
1 ETC$27.26$22.01
+23.75%
5 ETC$136.32$110.04
+23.75%
10 ETC$272.65$220.09
+23.75%
50 ETC$1,363.24$1,100.43
+23.75%
100 ETC$2,726.49$2,200.86
+23.75%
500 ETC$13,632.43$11,004.32
+23.75%
1000 ETC$27,264.86$22,008.65
+23.75%

FAQ

This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.