Ringgit (RM) is the official currency of Malaysia. It has been in use since the late 19th century and is still used today by Malaysian citizens, businesses, and investors alike. The ringgit is divided into 100 sen, with notes being issued in denominations of 5, 10, 20, 50 and 100. Coins are available in values of 1 sen up to RM1.
The exchange rate between the Ringgit and other currencies can be found on various websites such as XE Currency Converter or Google Finance. When converting from one foreign currency to another using a website like this it’s important to remember that you may have to pay a fee or commission when exchanging money at banks or bureaux de change so always check before making any transactions!
For those wanting to invest in cryptocurrencies within Malaysia there are many exchanges available including Luno which allows users to buy Bitcoin directly with their local currency. Coinhako also offers an easy way for Malaysians to buy Bitcoin with Ringgit through its secure wallet system whilst also providing access for trading Ethereum and other altcoins against fiat currencies (USD & SGD). Besides these two specific exchanges there are plenty more options out there that allow people from all over the world including Malaysia access cryptocurrency markets easily enough – Always do your research on which ones best suit your needs though!
In conclusion; The Ringgit remains an important part of both traditional finance systems as well as newer digital asset markets here in Malaysia – With both offering unique opportunities it pays off doing some homework beforehand if you’re interested investing safely!
