MYR to COP
Currency conversion rates from MYR to COP
|1 MYR||1 COP|
|5 MYR||5 COP|
|10 MYR||10 COP|
|20 MYR||20 COP|
|50 MYR||50 COP|
|100 MYR||100 COP|
|250 MYR||250 COP|
|500 MYR||500 COP|
|1000 MYR||1000 COP|
|2000 MYR||2000 COP|
|5000 MYR||5000 COP|
|10000 MYR||10000 COP|
|1 COP||1 MYR|
|5 COP||5 MYR|
|10 COP||10 MYR|
|20 COP||20 MYR|
|50 COP||50 MYR|
|100 COP||100 MYR|
|250 COP||250 MYR|
|500 COP||500 MYR|
|1000 COP||1000 MYR|
|2000 COP||2000 MYR|
|5000 COP||5000 MYR|
|10000 COP||10000 MYR|
COP - Colombian Peso ($)
The Colombian peso is the official currency of Colombia. It is most commonly exchanged with the US dollar (USD). The currency code for the peso is COP. The peso’s official symbol is $. For clarity, the currency code is sometimes abbreviated as COL$. Peso means ‘weight’ or ‘pound’ in Spanish, after the British pound. Colombians may refer to the peso colloquially as ‘plata’, meaning silver; ‘billete’, meaning ticket; ‘biyuyo’; ‘lucas’; or ‘marmaja’.
The Colombian Peso (COP) has been the official currency of Colombia since 1837. The symbol used for the Peso is $. Banknotes are issued by the Banco de la Republica. A subdivision of the Peso is the centavo; 1 peso = 100 centavos.
The Colombian Peso is the currency in Colombia (Columbia, CO, COL). The symbol for COP can be written Col$. The Colombian Peso is divided into 100 centavos. The exchange rate for the Colombian Peso was last updated on Today from The International Monetary Fund. The COP conversion factor has 6 significant digits.
- Colombia has a free-market economy.
- The country exports petroleum, cut flowers, nickel, coal, emeralds, bananas, and coffee.
- The main import products are consumer goods, fuel, paper, chemicals, coffee, and apparel.
- The unemployment rate is 11.2%.
- Colombia has been showing positive growth over the last three years.
- The service industry accounts for 52.7% of the total GDP.
- The first was Peso was issued in 1837, replacing the Real at a rate of 8 Reales = 1 Peso.
- In 1847, the currency was decimalized and 1 Peso = 10 Reales.
- In 1871, Colombia became part of the gold standard and the country pegged the peso to the French Franc at 5 French Francs = 1 Peso.
- After 1888, the Peso started to depreciate, due to increased printing costs.
- From 1907 to 1914 Peso coins were issued at a fixed rate of 1 coinage Peso = 100 Pesos Moneda Corriente.
- In 1915, the new Peso Oro paper currency was introduced replacing old paper Pesos, also at the rate of 1 Peso Oro = 100 old Pesos.
- In 1931, Colombia changed its peg to the US Dollar at 1 USD = 1.05 Pesos.
- In 1993, the word Oro was removed and the currency is now known as the Peso.
- The Colombian government is debating whether to reintroduce a new Peso that is worth 1,000 old Pesos.
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.
- 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.
- 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.