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PSY to MYR Converter and calculator

PSY/MYR: 1 PSY = 0.0007658 MYR. The price of converting 1 PsyOptions (PSY) to Malaysian Ringgit (MYR) is 0.0007658 MYR today.
PSY
PSY
MYR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides PSY to MYR real-time exchange rates, making it easy to convert PsyOptions (PSY) to Malaysian Ringgit (MYR). The conversion result is based on real-time data. The conversion result shows that 1 PSY is currently valued at 0.00 MYR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 PSY is currently valued at 0.00 MYR, which means buying 5 PSY would cost 0.00 MYR. Similarly, RM1 MYR can be converted to 1,305.79 PSY, and RM50 MYR can be converted to 6,528.94 PSY, excluding any platform or gas fees.

Convert PSY to MYR

Convert MYR to PSY

PsyOptions
Malaysian Ringgit
In the table above, you'll find a comprehensive PSY to MYR converter that shows the value of PsyOptions in Malaysian Ringgit across commonly used conversion amounts. The list covers conversions from 1 PSY to MYR, all the way up to 10000 PSY, providing a clear view of their respective values.
Malaysian Ringgit
PsyOptions
1000 MYR
1,305,787.34 PSY
2000 MYR
2,611,574.68 PSY
5000 MYR
6,528,936.71 PSY
10000 MYR
13,057,873.42 PSY
50000 MYR
65,289,367.11 PSY
100000 MYR
130,578,734.23 PSY
In the table above, you'll find a comprehensive MYR to PSY converter that shows the value of Malaysian Ringgit in PsyOptions across commonly used conversion amounts. The list covers conversions from 1 MYR to PSY, all the way up to 100000 MYR, providing a clear view of their respective values.

PSY to MYR chart

PSY/MYR: 1 PSY = 0.0007658 MYR; 2025/04/26 15:04:46
In the past 1D, PsyOptions has changed -0.26% to MYR. Based on the trend and price charts, PsyOptions(PSY) has changed -0.26% to MYR while Malaysian Ringgit(MYR) has changed % to PSY in the last 24 hours.
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PSY to MYR conversion data: Volatility and price changes of PsyOptions in MYR

The highest PsyOptions price in MYR over the past 7 days was 0.0009598 MYR while the lowest PsyOptions price in MYR over the past 7 days was 0.0007018 MYR. The relative change between the highs and lows in PsyOptions price in MYR over the last 7 days indicates a volatility of %. You can view additional volatility data and PSY to MYR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.0008069 MYR
0.0009598 MYR
0.0009598 MYR
0.002899 MYR
Low
0.0007018 MYR
0.0007018 MYR
0.0006871 MYR
0.0006871 MYR
Average
0 MYR
0 MYR
0 MYR
0 MYR
Volatility
%
%
%
%
Change
-0.26%
+4.85%
-0.52%
-71.69%

PsyOptions information

PSY to MYR market statistics

PSY/MYR:
RM0.0007658
PSY 24h volume:
RM78,055.19
PSY market cap:
--
PSY circulating supply:
0 PSY

Current PSY to MYR exchange rate

PsyOptions to Malaysian Ringgit is rising this week.
PsyOptions's current market price is RM0.0007658 per PSY, with a total market cap of RM0 MYR based on a circulating supply of -- PSY. The trading volume of PsyOptions has changed by +21.86% (RM14,002.92 MYR) in the last 24 hours. Last trading day, PSY's trading volume was RM64,052.27.

More info about PsyOptions on Bitget

Malaysian Ringgit information

About the Malaysian Ringgit (MYR)

What Is the Malaysian Ringgit (MYR)?

The Malaysian Ringgit, abbreviated as MYR and often represented by the symbol "RM," is the official currency of Malaysia. RM stands for "Ringgit Malaysia." The term "Ringgit" means "jagged" in Malay, originally referring to the serrated edges of silver Spanish dollars. The Ringgit is divided into 100 smaller units known as sen. The Malaysian Ringgit is the sole legal tender in Malaysia, and it is used for all transactions within the country.

The Malaysian Ringgit is issued by the Central Bank of Malaysia, known as Bank Negara Malaysia. Established on January 26, 1959, under the Central Bank of Malaysia Act 1958, Bank Negara Malaysia is the sole authority responsible for issuing currency in Malaysia. In addition to currency issuance, the central bank also manages monetary policy, financial stability, and the overall financial system infrastructure in the country.

What Is the History of MYR?

The Ringgit has a rich history, tracing back to the times when Malaysia was a part of European colonial powers. Initially, the Spanish dollars were used, later replaced by the Indian Rupee in 1837, and then reintroduced 30 years later. The Straits Dollar took over in 1903, pegged at two shillings to the British Pound. The Malaysian Ringgit was introduced in 1967, replacing the Dollar Malaya, which was also used by Singapore and Brunei.

Notes and Coins of MYR

The first series of coins and banknotes were issued in 1967. Over the years, various denominations have been used, including 1, 5, 10, 20, and 50 sen coins, and RM1, RM5, RM10, RM20, RM50, RM100 banknotes. The RM500 and RM1000 notes were discontinued in 1999 due to the Asian Financial Crisis.

Is MYR Pegged to the US Dollar?

The Malaysian Ringgit (MYR), issued by Bank Negara Malaysia, is not pegged to the US Dollar. Historically, during the Asian Financial Crisis in 1998, Malaysia had pegged the Ringgit to the US Dollar at a rate of 3.8 MYR to 1 USD to stabilize its economy. However, this peg was removed on July 21, 2005, following a similar decision by China regarding the Renminbi. Since then, the Ringgit has been operating under a managed float system, where its value is determined by market forces of supply and demand, with occasional interventions by the central bank to ensure stability. This transition reflects a move towards aligning the Ringgit's value more closely with Malaysia's economic fundamentals and market dynamics.

What Is the Price History of MYR?

The Malaysian Ringgit (MYR) has experienced a dynamic price history, significantly influenced by regional and global economic events. Before 1998, the Ringgit's value fluctuated in response to domestic and international economic conditions. The Asian Financial Crisis of 1997-1998 dramatically impacted the Ringgit, leading Malaysia to peg it to the US Dollar at 3.8 MYR to 1 USD in 1998 for stability. This peg was removed in 2005, transitioning the Ringgit to a managed float system where its value is determined by market forces, though occasionally stabilized by interventions from Bank Negara Malaysia. Since then, the Ringgit's valuation has been influenced by various factors, including global oil prices, Malaysia's economic policies, US-China trade tensions, and domestic political scenarios, reflecting its sensitivity to both internal and external economic dynamics. As of January 2024, the Malaysian Ringgit is trading at a rate of 1 MYR = 0.22 US dollars.

Bitget crypto-to-fiat exchange data shows that the most popular PsyOptions currency pair is the PSY to MYR, with for PsyOptions's currency code being PSY. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

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How to convert PSY to MYR

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Buy PSY (or USDT) for MYR (Malaysian Ringgit) offers
Bitget P2P trading does not currently support direct buying of PSY with MYR. However, you can buy USDT in Bitget P2P trading first, and then buy PSY with USDT via Bitget spot market.
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PSY to MYR Conversion tables

The exchange rate of PsyOptions is decreasing.
The exchange rate of 1 PSY to Malaysian Ringgit has changed by +4.85% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.26%, reaching a high of 0.0008069 MYR and a low of 0.0007018 MYR . One month ago, the value of 1 PSY was RM0.0007698 MYR , which represents a -0.52% change from its current value. Over the last year, PsyOptions has changed by
-RM
0.01073MYR
, resulting in a change of -93.34% in its value.
24 hours ago1 month ago1 year ago
Amount15:04 today24 hours ago24h change
0.5 PSYRM0.0003829RM0.0003839
-0.26%
1 PSYRM0.0007658RM0.0007678
-0.26%
5 PSYRM0.003829RM0.003839
-0.26%
10 PSYRM0.007658RM0.007678
-0.26%
50 PSYRM0.03829RM0.03839
-0.26%
100 PSYRM0.07658RM0.07678
-0.26%
500 PSYRM0.3829RM0.3839
-0.26%
1000 PSYRM0.7658RM0.7678
-0.26%

PSY to MYR FAQ

How much is 1 PsyOptions in MYR?
Right now, the price of 1 PsyOptions (PSY) in Malaysian Ringgit (MYR) is RM0.0007658.
How much PSY can I buy for 1 MYR?
Based on the current exchange rate, you can get 1,305.79 PSY for 1 MYR.
How do I calculate or convert PSY to MYR?
You can use our PSY to MYR calculator at the top of this page to convert any amount of PSY to MYR. We've also included quick-reference tables for the most popular conversions. For example, 5 MYR is equivalent to 6,528.94 PSY, while 5 PSY will cost around 0.003829MYR.
What is the highest price of PSY/MYR in history?
The all-time high price of 1 PSY in MYR is RM1.06. It remains to be seen if the value of 1 PSY/MYR will exceed the current all-time high.
What is the price trend of PsyOptions in MYR?
Over the past 7 days, the exchange rate of PsyOptions (PSY) has gone up by 4.85%.   Over the last month, the exchange rate of PsyOptions (PSY) has gone down by 0.52% against Malaysian Ringgit (MYR).

What factors influence the conversion rate of PSY to MYR?

There are many factors that affect the relationship between PsyOptions and Malaysian Ringgit, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of PSY/MYR. When there is positive news in the market about the widespread adoption of PSY or major technological breakthroughs, it tends to trigger market optimism and drive the rise of PSY/MYR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in PSY/MYR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of PSY/MYR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of PsyOptions and adjust their investment strategies accordingly in the evolving market.

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This content is being provided to you for informational purposes only, does not constitute an offer, or solicitation of an offer nor a recommendation by Bitget to buy, sell, or hold any security, financial product, or instrument referenced in the content, and does not constitute investment advice, financial advice, trading advice, or any other sort of advice. Data presented may reflect asset prices traded on the Bitget exchange as well as other cryptocurrency exchanges and market data platforms. Bitget may charge fees for the processing of cryptocurrency transactions which may not be reflected in the conversion prices displayed. Bitget is not liable for any errors or delays in content or for any actions taken in reliance on any content.