Convert Malaysian Ringgit to Israeli New Shekel using today's official exchange rate from the European Central Bank.
Daily ECB reference rates over the last 90 days. Updates skip weekends and ECB holidays.
| MYR | ILS |
|---|---|
| 1 MYR | 0.7391 ILS |
| 5 MYR | 3.6954 ILS |
| 10 MYR | 7.3908 ILS |
| 25 MYR | 18.477 ILS |
| 50 MYR | 36.954 ILS |
| 100 MYR | 73.908 ILS |
| 500 MYR | 369.54 ILS |
| 1,000 MYR | 739.08 ILS |
| 5,000 MYR | 3,695.4 ILS |
| 10,000 MYR | 7,390.8 ILS |
The Malaysian Ringgit (symbol: RM; code: MYR) is the official currency of Malaysia, issued by the Central Bank of Malaysia. Each ringgit is divided into 100 sen. The word 'ringgit' means 'jagged' in Malay, originally referring to the serrated edges of Spanish silver dollars used in the region. Malaysia's currency reflects its position as a major exporter of palm oil, electronics, and natural resources.
The Israeli New Shekel (symbol: ₪; code: ILS) is the official currency of Israel, issued by the Bank of Israel. Each shekel is divided into 100 agorot. Reflecting Israel's role as a global technology hub, the shekel is one of the most actively traded currencies in the Middle East. Its name derives from an ancient weight unit mentioned in the Hebrew Bible.
This conversion uses the European Central Bank reference rate, which is published once per business day at around 16:00 CET (Frankfurt time). The ECB calculates these rates from interbank market quotes provided by major banks. Reference rates are intended for information and statistical purposes — they are not commercial rates at which currencies can actually be bought or sold.
No. The ECB reference rate is a benchmark used by economists, regulators, and accountants — not a retail rate. Banks, currency exchange services, and credit cards typically add a markup of 1 to 4 percent on top of the reference rate, plus possible fixed transaction fees. To know the actual rate you would pay, check directly with your bank or money transfer service before exchanging.
The European Central Bank updates exchange rates once per business day, around 16:00 CET. Rates are not updated on weekends or eurozone bank holidays — during these periods the most recent business-day rate remains in effect. We refresh our cached rate every six hours to balance accuracy with performance.
Exchange rates fluctuate based on many factors, including interest rate decisions by the Central Bank of Malaysia and the Bank of Israel, inflation differences between Malaysia and Israel, trade balances, capital flows, and geopolitical events affecting market sentiment. Even small differences in expected economic conditions can move rates significantly over short periods.
Yes. We support 15 major currencies for conversion: USD, EUR, GBP, JPY, CHF, CAD, AUD, CNY, INR, MXN, BRL, KRW, SGD, NZD, and SEK. Use the swap button above to flip the direction of this conversion, or open any other supported currency pair directly.