MYR

Business & Finance abbreviation · Currency

MYR
Stands forMalaysian ringgit
CategoriesBusiness & Finance

MYR stands for Malaysian ringgit, a currency abbreviation.

Malaysia's currency, issued by Bank Negara Malaysia and divided into 100 sen. Locally it is written RM, as in RM10.

Example: The Kuala Lumpur hostel charges MYR 60 per night for a private room.

Usage notes

Ringgit means "jagged" in Malay, referring to the serrated edges of Spanish silver dollars that once circulated in the region. After the 1997 Asian financial crisis, Malaysia pegged the ringgit at 3.80 per US dollar until 2005. The currency's official English name was the Malaysian dollar until the 1990s.

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Edited by the AbbreviationList.com team. Spotted an error or a missing meaning? Contact us.