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Speedy to Malaysian Ringgit Converter and calculator

Convert 1Speedy (SPEEDY) to Malaysian Ringgit (MYR) equals RM 0.{4}1603 | 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 Speedy(SPEEDY) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 SPEEDY at a value of 1 SPEEDY for 0.00 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 Speedy currency pair is the SPEEDY to MYR, with for Speedy's currency code being SPEEDY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

SPEEDY to MYR conversion rate trend

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In the past 1D, Speedy has changed -8.24% to MYR. Based on the trend and price charts, Speedy(SPEEDY) has changed -8.24% to MYR while Malaysian Ringgit(MYR) has changed % to SPEEDY in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM0.{4}1603
0.0001% / 0.0004%vip-iconVIP
Last updated 2024/05/27 03:23:32(UTC+0)

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

Speedy to Malaysian Ringgit is falling this week.
Speedy's current market price is RM 0.{4}1603 per SPEEDY, with a total market cap of RM 0 MYR based on a circulating supply of -- SPEEDY. The trading volume of Speedy has changed by -49.01% (RM -652,947.22 MYR) in the last 24 hours. Last trading day, SPEEDY's trading volume was RM 1,332,357.74.
Market cap
$0
24h volume
$144.25K
Circulating supply
0 SPEEDY

Conversion tables

The exchange rate of Speedy is decreasing.
1 SPEEDY is currently valued at RM 0.{4}1603 MYR , which means buying 5 SPEEDY will cost RM 0.{4}8017 MYR . Similarly, RM1 MYR can be traded for 62,369.75 SPEEDY, and RM50 MYR can be converted to 3,118,487.49 SPEEDY, excluding any platform or gas fees.
The exchange rate of 1 SPEEDY to Malaysian Ringgit has changed by -14.05% in the last 7 days. In the last 24 hours, the rate has fluctuated by -8.24%, reaching a high of 0.{4}1795 MYR and a low of 0.{4}1518 MYR . One month ago, the value of 1 SPEEDY was RM 0.{4}3326 MYR , which represents a -51.80% change from its current value. Over the last year, Speedy has changed by
+RM
0.{4}1603MYR
, resulting in a change of --% in its value.

SPEEDY to MYR

Amount
03:23 am today
0.5 SPEEDY
RM0.{5}8017
1 SPEEDY
RM0.{4}1603
5 SPEEDY
RM0.{4}8017
10 SPEEDY
RM0.0001603
50 SPEEDY
RM0.0008017
100 SPEEDY
RM0.001603
500 SPEEDY
RM0.008017
1000 SPEEDY
RM0.01603

MYR to SPEEDY

Amount03:23 am today
0.5MYR31,184.87  SPEEDY
1MYR62,369.75  SPEEDY
5MYR311,848.75  SPEEDY
10MYR623,697.5  SPEEDY
50MYR3,118,487.49  SPEEDY
100MYR6,236,974.98  SPEEDY
500MYR31,184,874.91  SPEEDY
1000MYR62,369,749.83  SPEEDY
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Today vs. 24 hours ago

Amount03:23 am today24 hours ago24h change
0.5 SPEEDY$0.{5}1702$0.{5}1855
-8.24%
1 SPEEDY$0.{5}3404$0.{5}3710
-8.24%
5 SPEEDY$0.{4}1702$0.{4}1855
-8.24%
10 SPEEDY$0.{4}3404$0.{4}3710
-8.24%
50 SPEEDY$0.0001702$0.0001855
-8.24%
100 SPEEDY$0.0003404$0.0003710
-8.24%
500 SPEEDY$0.001702$0.001855
-8.24%
1000 SPEEDY$0.003404$0.003710
-8.24%

Today vs. 1 month ago

Amount03:23 am today1 month ago1M change
0.5 SPEEDY$0.{5}1702$0.{5}3531
-51.80%
1 SPEEDY$0.{5}3404$0.{5}7062
-51.80%
5 SPEEDY$0.{4}1702$0.{4}3531
-51.80%
10 SPEEDY$0.{4}3404$0.{4}7062
-51.80%
50 SPEEDY$0.0001702$0.0003531
-51.80%
100 SPEEDY$0.0003404$0.0007062
-51.80%
500 SPEEDY$0.001702$0.003531
-51.80%
1000 SPEEDY$0.003404$0.007062
-51.80%
Buy Speedy for 1 MYR
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Today vs. 1 year ago

Amount03:23 am today1 year ago1Y change
0.5 SPEEDY$0.{5}1702$0.00
--
1 SPEEDY$0.{5}3404$0.00
--
5 SPEEDY$0.{4}1702$0.00
--
10 SPEEDY$0.{4}3404$0.00
--
50 SPEEDY$0.0001702$0.00
--
100 SPEEDY$0.0003404$0.00
--
500 SPEEDY$0.001702$0.00
--
1000 SPEEDY$0.003404$0.00
--

Speedy price prediction

What will the price of SPEEDY be in 2025?

Based on SPEEDY's historical price performance prediction model, the price of SPEEDY is projected to reach -- in 2025.

What will the price of SPEEDY be in 2030?

In 2030, the SPEEDY price is expected to rise by +7.00%. By the end of 2030, the SPEEDY price is projected to reach --, with a cumulative ROI of 0.00%.
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Buy Speedy for 1 MYR
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