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Malaysian ringgit to Nigerian naira Exchange Rate History - XTransfer

Malaysian ringgit to Nigerian naira Historical Exchange Rates

Welcome to the MYR to NGN exchange rate history page. This page contains detailed daily historical exchange rates between MYR and NGN from 2025-3-8 to 2026-02-09, making it easy to look up and reference.

Amount
Result

1 MYR = 363.331 NGN

03:30 Exchange Rate

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1 Malaysian ringgit to Nigerian naira Historical Exchange Rate Trends

1 MYR = -- NGN

03:30 Exchange Rate

MYR - NGN+0%
7D
1M
3M
Invalid DateInvalid Date

1 Malaysian ringgit to Nigerian naira Data Statistics

This section organizes the historical exchange rate data of 1 MYR to NGN, including daily data over the past 1 day, 15 days, 30 days, and 90 days. It also marks the highest, lowest, and average rates during each period, helping you easily understand how the exchange rate has changed over time, which is useful for currency exchange, transfers, or investment decisions.

Time
Past 1 day
Past 15 day
Past 30 day
Past 90 day
High
363.331
375.156
375.156
375.156
Low
362.389
362.365
360.808
350.411
Average
362.86
366.963
365.524
360.488

Past 7 days historical exchange rates

Below are the daily average exchange rates of MYR to NGN for the past 7 days, helping you track the trend during this period. We also provide exchange rate changes of NGN to MYR, helping you understand fluctuations from different perspectives and better plan your currency exchange, transfers, or fund management.

MYR to NGN - Last 7 Days

MYRMYRNGNNGN
2026-02-10
362.389
MYRMYRNGNNGN
2026-02-09
363.331
MYRMYRNGNNGN
2026-02-08
363.331
MYRMYRNGNNGN
2026-02-07
363.331
MYRMYRNGNNGN
2026-02-06
362.493
MYRMYRNGNNGN
2026-02-05
362.365
MYRMYRNGNNGN
2026-02-04
367.458

NGN to MYR - Last 7 Days

NGNNGNMYRMYR
2026-02-10
0.003
NGNNGNMYRMYR
2026-02-09
0.003
NGNNGNMYRMYR
2026-02-08
0.003
NGNNGNMYRMYR
2026-02-07
0.003
NGNNGNMYRMYR
2026-02-06
0.003
NGNNGNMYRMYR
2026-02-05
0.003
NGNNGNMYRMYR
2026-02-04
0.003

MYRMYR - Malaysian Ringgit

The Ringgit has been issued since 1967, reflecting the modernization of Malaysia's economy. MYR is competitive in the Southeast Asian market, especially supporting the development of the manufacturing and export industries.

  • Supporting unit:1 Linjitt = 100 points (Sen)
  • Denomination of banknotes:1, 5, 10, 20, 50, 100 Ringgit Malaysia
  • Reserve currency:No, but it serves as a certain reserve in the Southeast Asian region.
  • Banknote material:Items priced at 5 yuan and below are made of polymer, while the others are mostly made of paper.
  • Metal composition:Nickel-plated steel core, brass-plated, stainless steel
  • Currency symbol:RM
  • Paper currency size:For example, 100 ringgit is approximately 145mm × 69mm.
  • language:en
  • Main unit:1 Ringgit
  • ISO code:MYR
  • Currency name:Malaysian Ringgit
  • Exchange Rate System:Managed floating exchange rate system
  • Central Bank:Bank Negara Malaysia
  • Safe-haven currency:No, it belongs to emerging market currencies and is significantly affected by capital flows.
  • Coin denomination:5, 10, 20, 50 points
  • Countries of Use:Malaysia is the only country where it is used officially.
  • Cross-border payment:Supports networks such as SWIFT and the Asian Payment Network (APS). The ringgit has a certain circulation base in neighboring countries like Singapore and Thailand, but the US dollar remains the primary settlement currency.

NGNNGN - Nigerian Naira

The naira was introduced in 1973 as a replacement for the Nigerian pound. The NGN plays a central role in Africa's largest economy, supporting a diversified economy, particularly the oil and agriculture industries.

  • Supporting unit:1 Naira = 100 Kobo
  • Denomination of banknotes:5, 10, 20, 50, 100, 200, 500, 1000 Naira
  • Reserve currency:No, the primary reserves consist of foreign currencies such as USD, EUR, and RMB.
  • Banknote material:Most are paper-based, while some small denominations are made of polymer.
  • Metal composition:Nickel-plated steel core, copper alloy, aluminum alloy, etc.
  • Currency symbol:
  • Paper currency size:For example, 1000 Naira is approximately 151mm × 78mm.
  • language:en
  • Main unit:Naira
  • ISO code:NGN
  • Currency name:Nigerian Naira
  • Exchange Rate System:Regulated floating exchange rate system
  • Central Bank:Central Bank of Nigeria
  • Safe-haven currency:No, there are significant fluctuations in exchange rates and strong capital controls.
  • Coin denomination:50 Cobos, 1, 2 Naira (seldom used).
  • Countries of Use:Nigeria is the only country where it is used officially.
  • Cross-border payment:Naira is not freely convertible in the international market and is primarily settled through the SWIFT network and banking intermediaries. Cross-border payments often use the US dollar or euro as intermediary currencies, which limits efficiency.

FAQ

What is the relationship between Malaysian ringgit to Nigerian naira exchange rate and remittance?

The actual amount received during remittance is directly affected by the MYR to NGN exchange rate. Differences in rates offered by banks or platforms may lead to significant differences in the final amount. It’s recommended to compare real-time rates and fees from several providers before making a decision.

What exchange rate indicators should be prioritized when making cross-border payments or settlements?

When conducting cross-border transactions, pay attention to real-time rates, the bid-ask spread, settlement fees, etc. Especially for large payments, even small differences in the MYR to NGN exchange rate can result in substantial changes in actual amounts.

Why are the Malaysian ringgit to Nigerian naira exchange rates so different across platforms?

Different banks or payment platforms use various pricing mechanisms. Some use mid-market rates; others add wider spreads, fees, and settlement times.tCauses you to see MYR to NGN on Platform A as 7.10, while Platform B shows 7.02. Such differences can be significant for large transactions.

Is it necessary to check the historical trend of Malaysian ringgit to Nigerian naira exchange rates before remittance?

be necessary. By examining the recent fluctuations in the exchange rate between MYR and NGN, you can determine whether the current exchange rate is high or low, helping you decide whether to immediately remit, lock up the exchange, or delay the transaction to obtain a better price.

How to judge the trend of Malaysian ringgit to Nigerian naira based on historical exchange rates?

Look at the charts of MYR to NGN over the past few months. If the trend is upward, it means MYR is appreciating and exchanging to NGN is more cost-effective; if downward, you may want to act quickly to exchange at a better rate.
Disclaimer: The exchange rate data on this page is collected from public sources for reference only. Due to frequent fluctuations, XTransfer cannot guarantee accuracy or timeliness. Please refer to the real-time quotes from banks, related institutions, or trading systems.