Are you a business owner or individual frequently sending or receiving funds between India and Malaysia? Understanding the INR to MYR exchange rate is crucial to ensure you get the best possible deal on your transfers. This comprehensive guide will equip you with the knowledge and resources to navigate currency conversions with confidence.
Here's a quick glimpse of what you'll learn:
The INR to MYR exchange rate fluctuates based on various economic factors. According to the World Bank [World Bank, International Bank for Reconstruction and Development], global trade flows, interest rates, and inflation all play a role in currency valuations.
Here's a table outlining the INR to MYR exchange rate as of July 16th, 2024:
Indian Rupee (INR) | Malaysian Ringgit (MYR) |
---|---|
1 | 0.055968 |
10 | 0.55968 |
50 | 2.7984 |
100 | 5.5968 |
Another table showcasing the recent performance of INR to MYR:
Time Period | High | Low | Average |
---|---|---|---|
30 Days | 0.0566 | 0.0559 | 0.0564 |
90 Days | 0.0574 | 0.0559 | 0.0566 |
By staying informed about these trends, you can make informed decisions when transferring funds.
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