How Employers Can Transfer Salaries to FDW Families in Indonesia
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The Malaysian Ringgit (MYR), introduced in 1967, is the official currency of Malaysia. The term "Ringgit," meaning "jagged" in Malay, refers to the serrated edges of Spanish silver dollars historically circulated in the region. Issued by Bank Negara Malaysia, the Ringgit is an essential part of Malaysia's rapidly growing economy. As a stable currency in Southeast Asia, it is widely used in domestic and international trade, particularly within the ASEAN region.
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Last updated: Exchange rates here are informational, reflecting mid-market rates which fluctuate regularly. For an estimation of the rates offered by Instarem, please check our currency conversion calculator at the time of transfer.
If you cannot find the location you would like to send to, it means we currently do not support transfers to that destination, but we are working on it! Do come back and check again as we are continuously updating our services.
If you cannot find your desired currency pair, it means that transfers to that specified currency are not supported by our services, but we are working on it! Do come back and check again as we are continuously updating our services.
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Disclaimer: All information in this article is provided for general knowledge and educational use only. It should not be considered legal, tax, or financial advice. We recommend contacting a licensed expert in your area for assistance with specific concerns.