Convert Bosnia-Herzegovina Convertible Mark to Malaysian Ringgit
Please provide values below to convert Bosnia-Herzegovina Convertible Mark [BAM] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Bosnia-Herzegovina Convertible Mark.
How to Convert Bosnia-Herzegovina Convertible Mark to Malaysian Ringgit
1 BAM = 0.393983078886421 MYR
Example: convert 15 BAM to MYR:
15 BAM = 15 × 0.393983078886421 MYR = 5.90974618329631 MYR
Bosnia-Herzegovina Convertible Mark to Malaysian Ringgit Conversion Table
| Bosnia-Herzegovina Convertible Mark | Malaysian Ringgit |
|---|
Bosnia-Herzegovina Convertible Mark
The Bosnia-Herzegovina Convertible Mark (BAM) is the official currency of Bosnia and Herzegovina, used for everyday transactions and financial exchanges within the country.
History/Origin
Introduced in 1998, the BAM replaced the Bosnia and Herzegovina dinar following the country's monetary reform and stabilization efforts after the Bosnian War. It is pegged to the Euro at a fixed rate, ensuring stability.
Current Use
The BAM is widely used throughout Bosnia and Herzegovina for all forms of payment, including cash, banking, and electronic transactions. It remains the country's official currency and is managed by the Central Bank of Bosnia and Herzegovina.
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.