Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
base info The Parallel

The Parallel to Malaysian Ringgit Converter and calculator

Convert 1The Parallel (PRL) to Malaysian Ringgit (MYR) equals RM 0.002572 | Bitget
PRL
PRL
swap
MYR
Last updated 2025/01/09 20:47:57 (UTC+0)Refreshrefresh
Want to display this on your website?
Bitget converter offers real-time exchange rates, allowing for easy conversion of The Parallel(PRL) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 PRL at a value of 1 PRL for 0.00 MYR . Since crypto prices can change rapidly, we suggest checking back for the latest conversion result.

MYR 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.

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

PRL to MYR conversion rate trend

1D7D1M3M1YAll
Live The Parallel (PRL) price chart
loading
In the past 1D, The Parallel has changed 0.00% to MYR. Based on the trend and price charts, The Parallel(PRL) has changed 0.00% to MYR while Malaysian Ringgit(MYR) has changed 0.00% to PRL in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM0.002571
0.0200% / 0.0320%vip-iconVIP 7
Last updated 2025/01/09 16:34:39(UTC+0)

How to buy The Parallel

buy-coin-step-0-img
Create Your Free Bitget Account
Sign up on Bitget with your email address/mobile phone number and create a strong password to secure your account.
buy-coin-step-1-img
Verify Your Account
Verify your identity by entering your personal information and uploading a valid photo ID.
buy-coin-step-2-img
Buy The Parallel (PRL)
Use a variety of payment options to buy The Parallel on Bitget. We'll show you how.

Buy PRL (or USDT) for MYR (Malaysian Ringgit) offers

Bitget P2P trading does not currently support direct buying of PRL with MYR. However, you can buy USDT in Bitget P2P trading first, and then buy PRL with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
Action
B
BOSS999
69 tradesCompletion rate 71.00%
108 RUB
Amount300 USDT
Limit1000 - 32100 RUB
Payeer
Buy
D
Darvus-X-Trop
0 tradesCompletion rate 0.00%
106.5 RUB
Amount100000 USDT
Limit300000 - 4000000 RUB
Cash in Person
Buy
Y
Youpy
217 tradesCompletion rate 91.00%
105.35 RUB
Amount1200 USDT
Limit99999 - 100001 RUB
RaiffeisenRed BankSBPRSHBLocal Card-YellowLocal Card-Green
Buy
S
Skroll
152 tradesCompletion rate 85.00%
105.3 RUB
Amount4050 USDT
Limit100000 - 500000 RUB
RaiffeisenRed BankSBPLocal Card-Yellow
Buy
P
P2P_CHESTNYI
45 tradesCompletion rate 100.00%
105.11 RUB
Amount193.27 USDT
Limit400 - 20000 RUB
Payeer
Buy

Sell PRL (or USDT) for MYR (Malaysian Ringgit) offers

Bitget P2P trading currently does not support direct selling of PRL to MYR. However, you can first exchange PRL for USDT in the Bitget spot market, and then sell USDT to MYR in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
Action
B
BOSS999
69 tradesCompletion rate 71.00%
108 RUB
Amount300 USDT
Limit1000 - 32100 RUB
Payeer
Sell
D
Darvus-X-Trop
0 tradesCompletion rate 0.00%
106.5 RUB
Amount100000 USDT
Limit300000 - 4000000 RUB
Cash in Person
Sell
Y
Youpy
217 tradesCompletion rate 91.00%
105.35 RUB
Amount1200 USDT
Limit99999 - 100001 RUB
RaiffeisenRed BankSBPRSHBLocal Card-YellowLocal Card-Green
Sell
S
Skroll
152 tradesCompletion rate 85.00%
105.3 RUB
Amount4050 USDT
Limit100000 - 500000 RUB
RaiffeisenRed BankSBPLocal Card-Yellow
Sell
P
P2P_CHESTNYI
45 tradesCompletion rate 100.00%
105.11 RUB
Amount193.27 USDT
Limit400 - 20000 RUB
Payeer
Sell

What factors influence the conversion rate of The Parallel to Malaysian Ringgit?

The Parallel to Malaysian Ringgit is rising this week.
The Parallel's current market price is RM 0.002572 per PRL, with a total market cap of RM 0 MYR based on a circulating supply of -- PRL. The trading volume of The Parallel has changed by +50.24% (RM 5.58 MYR) in the last 24 hours. Last trading day, PRL's trading volume was RM 11.1.
Market cap
$0
24h volume
$3.70363705
Circulating supply
0 PRL
Bitget pre-market
Buy or sell coins before they are listed, including CATGOLD, MTOS, VERT, BIO, and more.
Trade now

Conversion tables

The exchange rate of The Parallel is increasing.
1 PRL is currently valued at RM 0.002572 MYR , which means buying 5 PRL will cost RM 0.01286 MYR . Similarly, RM1 MYR can be traded for 388.88 PRL, and RM50 MYR can be converted to 19,443.88 PRL, excluding any platform or gas fees.
The exchange rate of 1 PRL to Malaysian Ringgit has changed by +1.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.00%, reaching a high of 0.002627 MYR and a low of 0.002627 MYR . One month ago, the value of 1 PRL was RM 0.002557 MYR , which represents a +0.55% change from its current value. Over the last year, The Parallel has changed by
-RM
0.001106MYR
, resulting in a change of -29.62% in its value.

PRL to MYR

Amount
20:48 today
0.5 PRL
RM0.001286
1 PRL
RM0.002572
5 PRL
RM0.01286
10 PRL
RM0.02572
50 PRL
RM0.1286
100 PRL
RM0.2572
500 PRL
RM1.29
1000 PRL
RM2.57

MYR to PRL

Amount20:48 today
0.5MYR194.44  PRL
1MYR388.88  PRL
5MYR1,944.39  PRL
10MYR3,888.78  PRL
50MYR19,443.88  PRL
100MYR38,887.76  PRL
500MYR194,438.78  PRL
1000MYR388,877.57  PRL

Today vs. 24 hours ago

Amount20:48 today24 hours ago24h change
0.5 PRL$0.0002855$0.0002855
-0.00%
1 PRL$0.0005711$0.0005711
-0.00%
5 PRL$0.002855$0.002855
-0.00%
10 PRL$0.005711$0.005711
-0.00%
50 PRL$0.02855$0.02855
-0.00%
100 PRL$0.05711$0.05711
-0.00%
500 PRL$0.2855$0.2855
-0.00%
1000 PRL$0.5711$0.5711
-0.00%

Today vs. 1 month ago

Amount20:48 today1 month ago1M change
0.5 PRL$0.0002855$0.0002839
+0.55%
1 PRL$0.0005711$0.0005679
+0.55%
5 PRL$0.002855$0.002839
+0.55%
10 PRL$0.005711$0.005679
+0.55%
50 PRL$0.02855$0.02839
+0.55%
100 PRL$0.05711$0.05679
+0.55%
500 PRL$0.2855$0.2839
+0.55%
1000 PRL$0.5711$0.5679
+0.55%

Today vs. 1 year ago

Amount20:48 today1 year ago1Y change
0.5 PRL$0.0002855$0.0004083
-29.62%
1 PRL$0.0005711$0.0008166
-29.62%
5 PRL$0.002855$0.004083
-29.62%
10 PRL$0.005711$0.008166
-29.62%
50 PRL$0.02855$0.04083
-29.62%
100 PRL$0.05711$0.08166
-29.62%
500 PRL$0.2855$0.4083
-29.62%
1000 PRL$0.5711$0.8166
-29.62%
Bitget Launchpool
Lock to uncover promising new tokens.
Lock now!

The Parallel price prediction

What will the price of PRL be in 2026?

Based on PRL's historical price performance prediction model, the price of PRL is projected to reach $0.0005589 in 2026.

What will the price of PRL be in 2031?

In 2031, the PRL price is expected to change by +33.00%. By the end of 2031, the PRL price is projected to reach $0.001127, with a cumulative ROI of +97.35%.
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!
Bitget Launchpool
Lock to uncover promising new tokens.
Lock now!
PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!

Latest coin listings on Bitget

New listings

FAQ

What is a cryptocurrency calculator?

A cryptocurrency calculator enables users to convert various digital currencies into different world currencies according to the current exchange rate.

How does a cryptocurrency calculator work?

How accurate is a cryptocurrency calculator?

Can I trust the results of a cryptocurrency calculator?

Can I use a cryptocurrency calculator for tax purposes?

Can a cryptocurrency calculator be used to convert one type of cryptocurrency to another?

Buy The Parallel for 1 MYR

A welcome pack worth 6200 USDT for new Bitgetters!

Buy The Parallel now
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.