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  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • As per RBI norms, the GST is applicable as per travellers.
  • This amount is calculated considering one traveller. You can further add/edit travellers in preconfirmation page which can impact the total amount.
  • You may block foreign currency by paying 2% of total transaction value. This blocked rate will be valid for 2 working days.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above without any threshold limit in a financial year under the Liberalised Remittance Scheme of the Reserve Bank of India.The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C(1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for TCS
    (i) Tax Collection at Source (TCS) at the rate of 0.5% or 5% as applicable will be levied under section 206C(1G)(b) of the Income Tax Act on remittance on account of Education purpose or Medical purpose, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    (ii) Tax Collection at Source (TCS) at the rate of 20% will be levied under section 206C(1G)(b) of the Income Tax Act on all other remittances not covered in (i) above, if the aggregate amount exceeds Rs.7,00,000 in a financial year under the Liberalized Remittance Scheme of the Reserve Bank of India.
    The TCS collected will be reflected in the 26AS of the payer for claiming Income Tax credit.
  • Disclaimer Note for non-refund of TCS
    In the event of cancellation of services and refund of amount, Tax collected at source under section 206C (1G) of the Income Tax Act, 1961 shall not be refunded. The non-refunded TCS will be reflected in the 26AS of the payer for claiming Income Tax credit.
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INR to MYR Converter

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MYR

Buy, Sell or Transfer Malaysian Ringgit (MYR) in India at the best exchange rates

Currency Rate Today

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Indian Rupee (INR) to Malaysian Ringgit (MYR)

Who doesn’t like exploring the world, but what stops many is the fluctuating exchange rate and lack of a reliable forex partner. If you are planning to visit Malaysia in the near future, then you must check out the current 1 INR to MYR exchange rate. But, if you are unsure about Malaysia and INR to MYR forex rate, then we have got something that will urge you to pack your bags and head straight to Malaysia.

Malaysia is located in the Southeast region of Asia and occupies areas of the Malay Peninsula and island of Borneo. The country is known for its prehistoric rainforests, beaches, and colonial buildings; for these and many other such reasons Malaysia is rightly called the ‘Heart of Asia’. If you want to enjoy a glimpse of European cultural influence, then Malaysia is a classic example.

Malaysian Ringgit Rate in Top Cities
Malaysian Ringgit Rate in Jaipur
Malaysian Ringgit Rate in Hyderabad
Malaysian Ringgit Rate in Cuttack
Malaysian Ringgit Rate in Chennai
Malaysian Ringgit Rate in Bangalore
Malaysian Ringgit Rate in Delhi
Malaysian Ringgit Rate in Karaikudi
Malaysian Ringgit Rate in Shillong

Importance of the Malaysian Ringgit

The MYR is the currency code of the Malaysian Ringgit. The Malaysian Ringgit or the MYR is designated to be the official currency of Malaysia. The Malaysian Ringgit currency code is MYR while it is abbreviated as RM. The Malaysian Ringgit is also referred to as the Malaysian Dollar. Malaysia is one of the most important economies of Southeast Asia due to this the Malaysian Ringgit is an important currency. Earlier, the Malaysian economy relies upon the export of agricultural products and natural minerals. However, currently with changing times the maximum Malaysian economy earns money through IT services.

Introduction of the Malaysian Ringgit

The history of the Malaysian Ringgit has changed. Here are some important facts related to the Malaysian Ringgit:

1. The Malaysian Ringgit came into existence in the year 1967.
2. The Malaysian Ringgit replaced the Malayan Dollar and the British Borneo.
3. In 1975, the official name of the currency of Malaysia became 'Ringgit'.
4. Between 1998 to 2005 the Malaysian Ringgit was pegged to the USD.
5. The foreign currency exchange rate between 1998 to 2005 of MYR to USD was 1 US Dollar = 3.80 Malaysian Ringgit.
6. The Malaysian Ringgit abandoned the pegging to the US Dollar in the year 2005.
7. Since 2005 the Malaysian Ringgit has been a floating currency.

Factors that affect the exchange of the Malaysian Ringgit to INR

The foreign currency rates in the forex market keep on fluctuating. The Malaysian Ringgit and Indian Rupee keep fluctuating around the same rate i.e., 1 MYR = 18.53 INR (today's current rate). Today's given rate states that approximately 18.53 INR will be equivalent to 1 Malaysian Ringgit. To get the best foreign exchange rate it is best to check the current prevailing rate before sending or receiving money. Understanding the rate fluctuations, and forex trends, and keeping a close eye on the current foreign exchange rates will help in getting the best exchange rate for your currency. Additionally, commodity prices, interest rates, political decisions, economic stability, etc. are a few other important factors that affect the exchange rate.

Convert Malaysian Ringgit to INR Online as per Today's Conversion Rate

The conversion of foreign currency can be done in two ways namely: by using the currency conversion calculator available online or it can be done manually. Doing the currency conversion by self is very easy and simple. Let us understand the currency conversion between the Malaysian Ringgit and the Indian Rupee with the help of an example.

Mr. Lee wants 2000 MYR from his Indian business partner but struggles to understand how much Indian rupee shall be equivalent to 2000 MYR.
So, today's MYR to INR rate is 1 MYR = 18.53 INR. So, 2000 MYR = 2000*18.53 = 37055.04 INR.
For foreign currency exchange, you need to check the latest currency exchange rate.

Convert Malaysian Ringgit to INR

Above we have seen how to convert the Malaysian Ringgit to Indian Rupee. Let us now understand how it works the other way round i.e., how much value does the Indian Rupee hold in Malaysian Ringgit? Today's INR to MYR currency exchange rate is 1 INR = 0.054 MYR. So, 100 Rupees will be equivalent to 5.40 Malaysian Ringgit.

How are Malaysian Ringgit -INR Rates Determined?

The foreign exchange currency rates are dependent on whether the exchange rate is at a floating rate or a fixed rate. If a currency is pegged to another currency then it is called a fixed rate. If it is not attached to another currency and the rate of the currency depends on the economic decisions of the government and banks then it is said to be at a floating rate. Additionally, the central banks of both Malaysia and India are responsible for determining the rates of their currency from time to time.

Malaysian Ringgit and INR Overview

The Malaysian Ringgit and Indian Rupee have been closely traded. Today's current rate is 1 MYR = 18.53 INR. The following table shows the statistics between the Malaysian Ringgit and Indian Rupee.

Details Statistics of the last 30 days Statistics of the last 90 days
High 18.635 INR 19.402 INR
Low 18.466 INR 18.116 INR
Average 18.578 INR 18.677 INR


If you have made up your mind to visit Malaysia , you must have even started planning your trip, isn't it? However, your planning is incomplete and insufficient if you haven't accounted for the exchange rate of the Malaysian Ringgit (MYR). MYR is the official currency of Malaysia.

Knowing the on-going INR to MYR exchange rate could improve your planning multifold. By considering the value 1 INR to MYR, you will be able to estimate a realistic cost of your upcoming trip.

Are you looking for a reliable forex partner?

At Thomas Cook, we value the trust of our customers and constantly work towards enriching their travel experiences by offering world-class travel solutions and the most competitive INR to MYR exchange rates. After being in the travel industry for decades, we understand the pain points of travelers better than anyone else and thus have transformed ourselves into a one-stop-solution for all your travel requirements. Business and leisure travelers across the world vouch for our service and competitive Indian Rupee to Ringgit exchange rate.

Want to know the live Indian Rupee to Ringgit exchange rate?

Visit our 24x7 online currency converter tool that will provide you with real-time Ringgit to Rupee exchange value. You can also visit your nearest Thomas Cook branch or call our forex expert to understand the complicated math involved in forex.

To further simplify your experience at Thomas Cook, we facilitate you to convert INR to MYR online in just a few clicks. To buy forex online , you are required to visit the Thomas Cook website, fill in the required details, and we will deliver your forex at your doorstep in not more than 24 hours. Buy forex at Thomas Cook and stay safe from the hassle of finding reliable forex partner in Malaysia.

 

 

Want to convert INR to MYR? Visit Thomas Cook now and buy forex online at the most competitive prices and have a memorable trip to Malaysia.

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Frequently asked questions INR to MYR

In which currencies are the Prepaid Forex Cards available?
US Dollar, British Pound, Euro, Japanese Yen, Australian Dollars, Canadian Dollars, Swiss Francs and Singapore Dollar amongst many other currencies.
Are currency notes the best option to carry for travelling?
Currency notes may not be the best however, one of the great ways of carrying currency while you are travelling. These are especially handy to take care of all your petty expenses while you are on your trip. We facilitate most of the global currencies to cater to all your travel needs. Our experts will guide you with all the necessary proceedings, and we will provide you with absolutely authentic notes to ensure you travel safe and secure without facing any unwanted hassles.
How do I send money abroad?
You may visit the nearest Thomas Cook branch or have us call you back. Our experts will guie you with the best mediums to send money abroad without any hassle or inconvenience. They will ensure that you experience a seamless transactional process. Whether it is to do with the necessary documentation or understanding the mediums to make transfers, they will facilitate you with the most convenient and reliable assistance.
What is a Prepaid Forex Card?
Our Prepaid Forex Card gives you the best in class security, and the speed & flexibility all within the convenience of a card. It is a secure, convenient, and easy way to carry money and make payments whenever you travel abroad. You may load it up before you depart from India, and then pay for all your expenses during your trip abroad all on swipe. You may also withdraw cash using the forex card at all the authorised ATMs.
What is the validity of the Prepaid Forex Cards?
Thomas Cook’s prepaid forex card is reloadable with a validity of 5 years from the date of issuance of the card. During this given time, you may use the Prepaid Forex card for as many times you like. Whenever travelling abroad during the validity period, you can simply recharge your card at Thomas Cook with more foreign currency. All you need to do is just fill in the reload coupons given to you along with the necessary documents; your Card will be credited with the new amount within a few hours. This is subject to RBI regulations. (For latest on RBI regulation: www.rbi.org.in)

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