BSD to MYR

BSD - Bahamian Dollar ($)
MYR - Malaysian Ringgit (RM)
1 BSD1 MYR

Currency conversion rates from BSD to MYR

BSDMYR
1 BSD1 MYR
5 BSD5 MYR
10 BSD10 MYR
20 BSD20 MYR
50 BSD50 MYR
100 BSD100 MYR
250 BSD250 MYR
500 BSD500 MYR
1000 BSD1000 MYR
2000 BSD2000 MYR
5000 BSD5000 MYR
10000 BSD10000 MYR
MYRBSD
1 MYR1 BSD
5 MYR5 BSD
10 MYR10 BSD
20 MYR20 BSD
50 MYR50 BSD
100 MYR100 BSD
250 MYR250 BSD
500 MYR500 BSD
1000 MYR1000 BSD
2000 MYR2000 BSD
5000 MYR5000 BSD
10000 MYR10000 BSD

BSD - Bahamian Dollar (BSD)

Bahamian Dollar

The official currency for the Bahamas is the Bahamian Dollar. The $ symbol is used for the Bahamian Dollar; the symbol B$ is used to distinguish it from other Dollar currencies. The Dollar is divided into 100 cents and is pegged to the US Dollar at par.

The Bahamian Dollar is the currency in Bahamas (BS, BHS). The symbol for BSD can be written B$. The Bahamian Dollar is divided into 100 cents. The exchange rate for the Bahamian Dollar was last updated on May 24, 2019 from Yahoo Finance. The BSD conversion factor has 2 significant digits.

Economy

  • The Bahamas economy is dependent on the tourism and offshore banking industries.
  • The economy in the Bahamas is steady and stable.
  • Constructions for hotels and resorts is booming, due to the large influx of tourists.
  • The service industry contributes 90% of the total GDP. Agriculture and other industries account for the remainder.
  • Top industries in the Bahamas are oil, rum, pharmaceuticals, banking, salt, aragonite, and tourism.
  • Unemployment is estimated at 8%.
  • Export products are vegetables, fruit, salt, animal products, mineral products, and rum.
  • Import products are food, machinery, chemicals, and live animals.
  • Agriculture is a small portion of the economy and the country is trying to obtain investors to develop agriculture in the Bahamas.
  • Government spending is rated low and equals +/- 23% of the GDP.

History

  • In 1966, the Bahamian Dollar replaced the British Pound Sterling and coins were introduced.
  • In 1968, the Bahamas monetary authority started issuing paper money.
  • In 1974, the Central Bank of the Bahamas became the official supplier of Bahamian banknotes.
  • In 2005, the new version of the $10 banknote was introduced.
  • Shortly after the release of the $10 banknote, one of the serial numbers was counterfeited. A warning was sent to all bank authorities in the Bahamas to be aware of the counterfeit when accepting $10 bills.
  • Businesses in the Bahamas accept both the Bahamian Dollar and the US Dollar.

More information about BSD - Bahamian Dollar (BSD)


MYR - Malaysian Ringgit (RM)

The Malaysian ringgit is the official currency of Malaysia. Its currency code is MYR and its symbol is RM. Its conversion factor has 6 significant digits, and it is a fiat currency. The ringgit is known globally to be a stable currency.

The Ringgit, unofficially called the Malaysian Dollar, has been Malaysia’s official currency since 1975. Malaysia replaced the Spanish silver dollar with the Indian Rupee in 1837. After 30 years the country decided to reintroduce the Spanish silver dollar. In 1903, Malaysia changed its currency to the Straits Dollar, which was pegged at two shillings to the British Pound.

The Malaysian Ringgit is the currency in Malaysia (MY, MYS). The symbol for MYR can be written RM. The Malaysian Ringgit is divided into 100 sen. The exchange rate for the Malaysian Ringgit was last updated on Today from The International Monetary Fund. The MYR conversion factor has 6 significant digits.

Economy

  • Malaysia’s economy previously relied on the production of agricultural export commodities and minerals, but now it relies on manufacturing and services.
  • There was a major change in Malaysia’s economy in the last decade, which affected most of their capital investments.
  • Economic downturns in the last six years have severely damaged the country’s investments.

History

  • On June 12, 1967, the Bank of Negara Malaysia, the central bank of Malaysia, issued the Malaysian Dollar to replace the British Borneo and Malayan Dollar at par.
  • After it replaced the British Borneo Dollar, the Malaysian Dollar was originally valued at 8.57 dollars = 1 British Pound Sterling. Within the first 5 months, the Malaysian Dollar had decreased in value by 14.3%.
  • From 1995 to 1997, the Ringgit was was trading as a free-float currency at around 2.50 to the US Dollar, before dropping to 3.80 to the Dollar by the end of 1997.
  • The currency value fluctuated from 3.80 to 4.40 to the dollar before Bank Negara Malaysia pegged the Ringgit to the US Dollar in September 1998.
  • As of September 4, 2008, the Ringgit still had not regained its value against the Singapore Dollar, Australian Dollar, the Euro, or the British Pound.

More information about MYR - Malaysian Ringgit (RM)