Convert New Taiwan Dollar to Malaysian Ringgit
Please provide values below to convert New Taiwan Dollar [TWD] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to New Taiwan Dollar.
How to Convert New Taiwan Dollar to Malaysian Ringgit
1 TWD = 6.93978352318382 MYR
Example: convert 15 TWD to MYR:
15 TWD = 15 × 6.93978352318382 MYR = 104.096752847757 MYR
New Taiwan Dollar to Malaysian Ringgit Conversion Table
| New Taiwan Dollar | Malaysian Ringgit |
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New Taiwan Dollar
The New Taiwan Dollar (TWD) is the official currency of Taiwan, used for everyday transactions and financial exchanges within the country.
History/Origin
The New Taiwan Dollar was introduced in 1949 to replace the Old Taiwan Dollar, stabilizing Taiwan's economy after World War II and subsequent political changes. It has undergone several reforms and devaluations over the decades to adapt to economic conditions.
Current Use
Today, the TWD is widely used in Taiwan for all monetary transactions, including retail, banking, and international trade. It is also accepted in some neighboring regions and is actively traded in foreign exchange markets.
Malaysian Ringgit
The Malaysian Ringgit (MYR) is the official currency of Malaysia, used for all monetary transactions within the country.
History/Origin
The Ringgit was introduced in 1967, replacing the Malayan dollar. It was initially pegged to the British Pound and later to the US Dollar, with a floating exchange rate established in 1998.
Current Use
The MYR is widely used in Malaysia for everyday transactions, banking, and international trade, and is managed by Bank Negara Malaysia, the country's central bank.