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base info Lido DAO

Lido DAO to Malaysian Ringgit Converter and calculator

Convert 1Lido DAO (LDO) to Malaysian Ringgit (MYR) equals RM 9.53 | 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.

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

LDO to MYR conversion rate trend

In the past 1D, Lido DAO has changed -0.66% to MYR. Based on the trend and price charts, Lido DAO(LDO) has changed -0.66% to MYR while Malaysian Ringgit(MYR) has changed % to LDO in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
0.0001% / 0.0004%vip-iconVIP
0.1000% / 0.1000%
0.080% / 0.100%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
0.1000% / 0.1000%
Last updated 2024/04/14 16:00:35(UTC+0)

What factors influence the conversion rate of Lido DAO to Malaysian Ringgit?

Lido DAO to Malaysian Ringgit is falling this week.
Lido DAO's current market price is RM 9.53 per LDO, with a total market cap of RM 8,501,338,135.93 MYR based on a circulating supply of 891,731,140 LDO. The trading volume of Lido DAO has changed by +1.77% (RM 16,231,387.81 MYR) in the last 24 hours. Last trading day, LDO's trading volume was RM 916,923,952.6.
Market cap
24h volume
Circulating supply
891.73M LDO

Conversion tables

The exchange rate of Lido DAO is decreasing.
1 LDO is currently valued at RM 9.53 MYR , which means buying 5 LDO will cost RM 47.67 MYR . Similarly, RM1 MYR can be traded for 0.1049 LDO, and RM50 MYR can be converted to 5.24 LDO, excluding any platform or gas fees.
The exchange rate of 1 LDO to Malaysian Ringgit has changed by -25.37% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.66%, reaching a high of 9.57 MYR and a low of 7.4 MYR . One month ago, the value of 1 LDO was RM 13.83 MYR , which represents a -31.14% change from its current value. Over the last year, Lido DAO has changed by
, resulting in a change of -22.28% in its value.


16:21 today
0.5 LDO
10 LDO
50 LDO
100 LDO
500 LDO
1000 LDO


Amount16:21 today
0.5MYR0.05245  LDO
1MYR0.1049  LDO
5MYR0.5245  LDO
10MYR1.05  LDO
50MYR5.24  LDO
100MYR10.49  LDO
500MYR52.45  LDO
1000MYR104.89  LDO

Today vs. 24 hours ago

Amount16:21 today24 hours ago24h change
0.5 LDO$0.9993$1.01
1 LDO$2$2.01
5 LDO$9.99$10.06
10 LDO$19.99$20.12
50 LDO$99.93$100.6
100 LDO$199.86$201.2
500 LDO$999.32$1,005.99
1000 LDO$1,998.64$2,011.98

Today vs. 1 month ago

Amount16:21 today1 month ago1M change
0.5 LDO$0.9993$1.45
1 LDO$2$2.9
5 LDO$9.99$14.5
10 LDO$19.99$29
50 LDO$99.93$145
100 LDO$199.86$290.01
500 LDO$999.32$1,450.03
1000 LDO$1,998.64$2,900.07

Today vs. 1 year ago

Amount16:21 today1 year ago1Y change
0.5 LDO$0.9993$1.29
1 LDO$2$2.57
5 LDO$9.99$12.85
10 LDO$19.99$25.7
50 LDO$99.93$128.5
100 LDO$199.86$257.01
500 LDO$999.32$1,285.04
1000 LDO$1,998.64$2,570.08


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