Convert Saint Helena Pound to Malaysian Ringgit
Please provide values below to convert Saint Helena Pound [SHP] to Malaysian Ringgit [MYR], or Convert Malaysian Ringgit to Saint Helena Pound.
How to Convert Saint Helena Pound to Malaysian Ringgit
1 SHP = 0.17495391596162 MYR
Example: convert 15 SHP to MYR:
15 SHP = 15 × 0.17495391596162 MYR = 2.6243087394243 MYR
Saint Helena Pound to Malaysian Ringgit Conversion Table
| Saint Helena Pound | Malaysian Ringgit |
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Saint Helena Pound
The Saint Helena Pound (SHP) is the official currency of Saint Helena, a British Overseas Territory, and is pegged at par to the British Pound Sterling.
History/Origin
Introduced in 1961, replacing the Saint Helena Pound's predecessor, it has maintained a fixed exchange rate with the British Pound, reflecting the territory's historical and economic ties to the UK.
Current Use
The SHP is used for all local transactions on Saint Helena and is interchangeable with the British Pound Sterling, which is also accepted on the island.
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.