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Gala to Malaysian Ringgit Converter and calculator

Convert 1Gala (GALA) to Malaysian Ringgit (MYR) equals RM 0.1653 | Bitget
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Last updated 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter offers real-time exchange rates, allowing for easy conversion of Gala(GALA) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 GALA at a value of 1 GALA for 0.17 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.

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

GALA to MYR conversion rate trend

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In the past 1D, Gala has changed +2.00% to MYR. Based on the trend and price charts, Gala(GALA) has changed +2.00% to MYR while Malaysian Ringgit(MYR) has changed % to GALA in the last 24 hours.

Conversion rate comparison of various exchanges

ExchangePriceMaker / Taker FeeTradable
Bitgethot-iconBest
RM0.1708
0.0200% / 0.0320%vip-iconVIP 7
Binance
RM0.1697
0.1000% / 0.1000%
Yes
OKX
RM0.1697
0.080% / 0.100%
Yes
Huobi
RM0.1697
0.1000% / 0.1000%
Yes
Gate.io
RM0.1696
0.1000% / 0.1000%
Yes
Bybit
RM0.1695
0.1000% / 0.1000%
Yes
KuCoin
RM0.1699
0.1000% / 0.1000%
Yes
Bitfinex
RM0.1693
0.1000% / 0.1000%
Yes
Last updated 2024/12/24 00:00:28(UTC+0)

How to buy Gala

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Buy Gala (GALA)
Use a variety of payment options to buy Gala on Bitget. We'll show you how.

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

Bitget P2P trading does not currently support direct buying of GALA with MYR. However, you can buy USDT in Bitget P2P trading first, and then buy GALA with USDT via Bitget spot market.
Merchants (trades/completion rate)PriceAmount/limit
Low to high
Payment methods
Zero fees
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Sell GALA (or USDT) for MYR (Malaysian Ringgit) offers

Bitget P2P trading currently does not support direct selling of GALA to MYR. However, you can first exchange GALA for USDT in the Bitget spot market, and then sell USDT to USD in Bitget P2P trading.
Merchants (trades/completion rate)PriceAmount/limit
High to low
Payment methods
Zero fees
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What factors influence the conversion rate of Gala to Malaysian Ringgit?

Gala to Malaysian Ringgit is falling this week.
Gala's current market price is RM 0.1653 per GALA, with a total market cap of RM 6,047,518,108.23 MYR based on a circulating supply of 36,594,622,000 GALA. The trading volume of Gala has changed by +9.29% (RM 93,861,150.69 MYR) in the last 24 hours. Last trading day, GALA's trading volume was RM 1,010,748,637.17.
Market cap
$1.35B
24h volume
$246.15M
Circulating supply
36.59B GALA

Conversion tables

The exchange rate of Gala is decreasing.
1 GALA is currently valued at RM 0.1653 MYR , which means buying 5 GALA will cost RM 0.8263 MYR . Similarly, RM1 MYR can be traded for 6.05 GALA, and RM50 MYR can be converted to 302.56 GALA, excluding any platform or gas fees.
The exchange rate of 1 GALA to Malaysian Ringgit has changed by -18.90% in the last 7 days. In the last 24 hours, the rate has fluctuated by +2.00%, reaching a high of 0.1751 MYR and a low of 0.1541 MYR . One month ago, the value of 1 GALA was RM 0.1674 MYR , which represents a -1.28% change from its current value. Over the last year, Gala has changed by
+RM
0.02815MYR
, resulting in a change of +20.53% in its value.

GALA to MYR

Amount
03:48 am today
0.5 GALA
RM0.08263
1 GALA
RM0.1653
5 GALA
RM0.8263
10 GALA
RM1.65
50 GALA
RM8.26
100 GALA
RM16.53
500 GALA
RM82.63
1000 GALA
RM165.26

MYR to GALA

Amount03:48 am today
0.5MYR3.03  GALA
1MYR6.05  GALA
5MYR30.26  GALA
10MYR60.51  GALA
50MYR302.56  GALA
100MYR605.12  GALA
500MYR3,025.59  GALA
1000MYR6,051.18  GALA

Today vs. 24 hours ago

Amount03:48 am today24 hours ago24h change
0.5 GALA$0.01841$0.01805
+2.00%
1 GALA$0.03683$0.03610
+2.00%
5 GALA$0.1841$0.1805
+2.00%
10 GALA$0.3683$0.3610
+2.00%
50 GALA$1.84$1.81
+2.00%
100 GALA$3.68$3.61
+2.00%
500 GALA$18.41$18.05
+2.00%
1000 GALA$36.83$36.1
+2.00%

Today vs. 1 month ago

Amount03:48 am today1 month ago1M change
0.5 GALA$0.01841$0.01865
-1.28%
1 GALA$0.03683$0.03730
-1.28%
5 GALA$0.1841$0.1865
-1.28%
10 GALA$0.3683$0.3730
-1.28%
50 GALA$1.84$1.87
-1.28%
100 GALA$3.68$3.73
-1.28%
500 GALA$18.41$18.65
-1.28%
1000 GALA$36.83$37.3
-1.28%

Today vs. 1 year ago

Amount03:48 am today1 year ago1Y change
0.5 GALA$0.01841$0.01528
+20.53%
1 GALA$0.03683$0.03055
+20.53%
5 GALA$0.1841$0.1528
+20.53%
10 GALA$0.3683$0.3055
+20.53%
50 GALA$1.84$1.53
+20.53%
100 GALA$3.68$3.06
+20.53%
500 GALA$18.41$15.28
+20.53%
1000 GALA$36.83$30.55
+20.53%

Gala price prediction

What will the price of GALA be in 2025?

Based on GALA's historical price performance prediction model, the price of GALA is projected to reach $0.04740 in 2025.

What will the price of GALA be in 2030?

In 2030, the GALA price is expected to change by -5.00%. By the end of 2030, the GALA price is projected to reach $0.05910, with a cumulative ROI of +69.29%.

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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?

A cryptocurrency calculator fetches real-time values from digital currency exchange markets to convert between Gala and MYR.

How accurate is a cryptocurrency calculator?

Cryptocurrency calculators are generally highly accurate as they track real-time data from cryptocurrency markets, such as Gala and MYR. However, due to the high volatility of the cryptocurrency market, rates can fluctuate rapidly.

Can I trust the results of a cryptocurrency calculator?

While cryptocurrency calculators can provide a good starting point, remember that there might be slight differences in real-time trading due to factors such as time delay and trading platform discrepancies.

Can I use a cryptocurrency calculator for tax purposes?

Cryptocurrency calculators are useful for tax information, like coin values at given times. However, it's better to use tax-specific software or a professional for accurate reporting. Bitget Academy is a useful guide for cryptocurrency taxes, covering tax procedures, crypto transactions, effective planning, and different tax tools. Bitget prioritizes user experience, especially in optimizing tax management. With Advanced API and collaborations like Koinly, Bitget provides a smart, accessible platform for cryptocurrency trade and tax responsibilities.

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

If you want to know the value of Gala in MYR, cryptocurrency calculators can help you. But if you want to compare the worth of two different cryptocurrencies, you can use Bitget Convert. This tool simplifies the process of cryptocurrency conversion by allowing you to avoid multiple transactions or frequent transfers between wallets and exchanges. With Bitget Convert, you can seamlessly convert your cryptocurrencies in a user-friendly way.
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.