Convert Malaysian Ringgit to Tanzanian Shilling
Please provide values below to convert Malaysian Ringgit [MYR] to Tanzanian Shilling [TZS], or Convert Tanzanian Shilling to Malaysian Ringgit.
How to Convert Malaysian Ringgit to Tanzanian Shilling
1 MYR = 0.001646381501386 TZS
Example: convert 15 MYR to TZS:
15 MYR = 15 × 0.001646381501386 TZS = 0.0246957225207901 TZS
Malaysian Ringgit to Tanzanian Shilling Conversion Table
| Malaysian Ringgit | Tanzanian Shilling |
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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.
Tanzanian Shilling
The Tanzanian Shilling (TZS) is the official currency of Tanzania, used for everyday transactions within the country.
History/Origin
Introduced in 1966, replacing the East African Shilling, the Tanzanian Shilling has undergone various redenominations and reforms to stabilize the economy and modernize the currency system.
Current Use
Today, the Tanzanian Shilling is widely used in Tanzania for all forms of financial transactions, including cash payments, banking, and trade, and is managed by the Bank of Tanzania.