Convert Malaysian Ringgit to Israeli New Sheqel
Please provide values below to convert Malaysian Ringgit [MYR] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Israeli New Sheqel
1 MYR = 1.26499252615845 ILS
Example: convert 15 MYR to ILS:
15 MYR = 15 × 1.26499252615845 ILS = 18.9748878923767 ILS
Malaysian Ringgit to Israeli New Sheqel Conversion Table
| Malaysian Ringgit | Israeli New Sheqel |
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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.
Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.