Malaysian Ringgit to Indian Rupee
Converter

Convert Malaysian Ringgit to Indian Rupee using today's official exchange rate from the European Central Bank.

1 MYR = 24.3460 INR
1 INR = 0.0411 MYR
Source: European Central Bank ยท Rate date: 2026-05-15

Convert any amount

MYR
INR

90-Day Malaysian Ringgit to Indian Rupee History

Daily ECB reference rates over the last 90 days. Updates skip weekends and ECB holidays.

Common Malaysian Ringgit to Indian Rupee amounts

MYR INR
1 MYR 24.346 INR
5 MYR 121.73 INR
10 MYR 243.46 INR
25 MYR 608.65 INR
50 MYR 1,217.3 INR
100 MYR 2,434.6 INR
500 MYR 12,173 INR
1,000 MYR 24,346 INR
5,000 MYR 121,730 INR
10,000 MYR 243,460 INR

About the Malaysian Ringgit

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.

About the Indian Rupee

The Indian Rupee (symbol: โ‚น; code: INR) is the official currency of India, issued by the Reserve Bank of India. Each rupee is divided into 100 paise. Used by more than 1.4 billion people, the rupee is one of the most widely used currencies in the world by population; its distinctive symbol (โ‚น) was officially adopted in 2010.

Frequently Asked Questions

How is this exchange rate calculated?

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 โ€” they are not commercial rates at which currencies can actually be bought or sold.

Will I get this exact rate from my bank?

No. The ECB reference rate is a benchmark used by economists, regulators, and accountants โ€” 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.

How often is this rate updated?

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 โ€” 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.

Why does the Malaysian Ringgit to Indian Rupee exchange rate change?

Exchange rates fluctuate based on many factors, including interest rate decisions by the Central Bank of Malaysia and the Reserve Bank of India, inflation differences between Malaysia and India, trade balances, capital flows, and geopolitical events affecting market sentiment. Even small differences in expected economic conditions can move rates significantly over short periods.

Can I convert other currencies?

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.

Scroll to Top