Malaysian ringgit to Indian rupee
Malaysia has a large community of Indian origin and is a popular destination for holidays, work and study. Convert ringgit to rupees here.
What moves the ringgit
Malaysia exports oil, gas, palm oil and electronics, so the ringgit tends to follow commodity prices and the global chip cycle. Bank Negara Malaysia manages the currency with a floating regime and intervenes to calm sharp moves. India is one of the largest buyers of Malaysian palm oil.
Questions
Should I buy ringgit in India or in Malaysia?
Rates for ringgit cash in India can be wide. A forex card or an international debit card with low markup, plus a little cash withdrawn locally, is often cheaper.
Is this the rate I will get?
It is the mid-market rate. Exchange counters and banks add a margin.