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Linear Finance to Malaysian Ringgit Converter and calculator

Convert 1Linear Finance (LINA) to Malaysian Ringgit (MYR) equals RM 0.03939 | 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 Linear Finance(LINA) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 LINA at a value of 1 LINA for 0.04 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 Linear Finance currency pair is the LINA to MYR, with for Linear Finance's currency code being LINA. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

LINA to MYR conversion rate trend

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In the past 1D, Linear Finance has changed +0.03% to MYR. Based on the trend and price charts, Linear Finance(LINA) has changed +0.03% to MYR while Malaysian Ringgit(MYR) has changed % to LINA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM0.03981
0.0001% / 0.0004%vip-iconVIP
Binance
RM0.03978
0.1000% / 0.1000%
Yes
Huobi
RM0.03984
0.1000% / 0.1000%
Yes
Gate.io
RM0.03974
0.1000% / 0.1000%
Yes
KuCoin
RM0.03976
0.1000% / 0.1000%
Yes
Last updated 2024/05/30 22:00:22(UTC+0)

How to buy Linear Finance

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What factors influence the conversion rate of Linear Finance to Malaysian Ringgit?

Linear Finance to Malaysian Ringgit is rising this week.
Linear Finance's current market price is RM 0.03939 per LINA, with a total market cap of RM 245,516,889.19 MYR based on a circulating supply of 6,233,634,000 LINA. The trading volume of Linear Finance has changed by -26.69% (RM -14,254,093.57 MYR) in the last 24 hours. Last trading day, LINA's trading volume was RM 53,405,120.08.
Market cap
$52.19M
24h volume
$8.32M
Circulating supply
6.23B LINA

Conversion tables

The exchange rate of Linear Finance is increasing.
1 LINA is currently valued at RM 0.03939 MYR , which means buying 5 LINA will cost RM 0.1969 MYR . Similarly, RM1 MYR can be traded for 25.39 LINA, and RM50 MYR can be converted to 1,269.49 LINA, excluding any platform or gas fees.
The exchange rate of 1 LINA to Malaysian Ringgit has changed by +9.56% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.03%, reaching a high of 0.04051 MYR and a low of 0.03741 MYR . One month ago, the value of 1 LINA was RM 0.03539 MYR , which represents a +11.28% change from its current value. Over the last year, Linear Finance has changed by
-RM
0.06565MYR
, resulting in a change of -62.47% in its value.

LINA to MYR

Amount
22:50 today
0.5 LINA
RM0.01969
1 LINA
RM0.03939
5 LINA
RM0.1969
10 LINA
RM0.3939
50 LINA
RM1.97
100 LINA
RM3.94
500 LINA
RM19.69
1000 LINA
RM39.39

MYR to LINA

Amount22:50 today
0.5MYR12.69  LINA
1MYR25.39  LINA
5MYR126.95  LINA
10MYR253.9  LINA
50MYR1,269.49  LINA
100MYR2,538.98  LINA
500MYR12,694.92  LINA
1000MYR25,389.84  LINA
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Today vs. 24 hours ago

Amount22:50 today24 hours ago24h change
0.5 LINA$0.004186$0.004185
+0.03%
1 LINA$0.008373$0.008370
+0.03%
5 LINA$0.04186$0.04185
+0.03%
10 LINA$0.08373$0.08370
+0.03%
50 LINA$0.4186$0.4185
+0.03%
100 LINA$0.8373$0.8370
+0.03%
500 LINA$4.19$4.19
+0.03%
1000 LINA$8.37$8.37
+0.03%

Today vs. 1 month ago

Amount22:50 today1 month ago1M change
0.5 LINA$0.004186$0.003762
+11.28%
1 LINA$0.008373$0.007523
+11.28%
5 LINA$0.04186$0.03762
+11.28%
10 LINA$0.08373$0.07523
+11.28%
50 LINA$0.4186$0.3762
+11.28%
100 LINA$0.8373$0.7523
+11.28%
500 LINA$4.19$3.76
+11.28%
1000 LINA$8.37$7.52
+11.28%
Buy Linear Finance for 1 MYR
A welcome pack worth 1000 USDT for new Bitgetters!
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Today vs. 1 year ago

Amount22:50 today1 year ago1Y change
0.5 LINA$0.004186$0.01116
-62.47%
1 LINA$0.008373$0.02233
-62.47%
5 LINA$0.04186$0.1116
-62.47%
10 LINA$0.08373$0.2233
-62.47%
50 LINA$0.4186$1.12
-62.47%
100 LINA$0.8373$2.23
-62.47%
500 LINA$4.19$11.16
-62.47%
1000 LINA$8.37$22.33
-62.47%

Linear Finance price prediction

What will the price of LINA be in 2025?

Based on LINA's historical price performance prediction model, the price of LINA is projected to reach $0.01355 in 2025.

What will the price of LINA be in 2030?

In 2030, the LINA price is expected to rise by -12.00%. By the end of 2030, the LINA price is projected to reach $0.02501, with a cumulative ROI of +198.66%.
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Buy Linear Finance for 1 MYR
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FAQ

What is a cryptocurrency calculator?
A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.
How does a cryptocurrency calculator work?
A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Linear Finance and MYR.
How accurate is a cryptocurrency calculator?
Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Linear Finance and MYR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.
Can I trust the results of a cryptocurrency calculator?
While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.
Can I use a cryptocurrency calculator for tax purposes?
Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.
Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?
If you want to know the value of Linear Finance in MYR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.

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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.