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Hop Protocol to Malaysian Ringgit Converter and calculator

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Convert 1Hop Protocol (HOP) to Malaysian Ringgit (MYR) equals RM 0.02248 | Bitget
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Last updated as of 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 Hop Protocol(HOP) to Malaysian Ringgit(MYR). This is the real-time data. The current conversion shows 1 HOP at a value of 1 HOP for 0.02 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 Hop Protocol currency pair is the HOP to MYR, with for Hop Protocol's currency code being HOP. Use our cryptocurrency calculator now to see how much your cryptocurrency can be exchanged for MYR.

HOP to MYR conversion rate trend

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In the past 1D, Hop Protocol has changed +0.56% to MYR. Based on the trend and price charts, Hop Protocol(HOP) has changed +0.56% to MYR while Malaysian Ringgit(MYR) has changed % to HOP in the last 24 hours.

HOP to MYR market statistics

HOP/MYR:
RM 0.02248
HOP 24h volume:
RM 270,322.43
HOP market cap:
--
HOP circulating supply:
0 HOP

Current HOP to MYR exchange rate

Hop Protocol to Malaysian Ringgit is falling this week.
Hop Protocol's current market price is RM 0.02248 per HOP, with a total market cap of RM 0 MYR based on a circulating supply of -- HOP. The trading volume of Hop Protocol has changed by +0.63% (RM 1,680.09 MYR) in the last 24 hours. Last trading day, HOP's trading volume was RM 268,642.34.

HOP to MYR Conversion tables

The exchange rate of Hop Protocol is decreasing.
1 HOP is currently valued at RM 0.02248 MYR , which means buying 5 HOP will cost RM 0.1124 MYR . Similarly, RM1 MYR can be traded for 44.48 HOP, and RM50 MYR can be converted to 2,223.83 HOP, excluding any platform or gas fees.
The exchange rate of 1 HOP to Malaysian Ringgit has changed by -2.72% in the last 7 days. In the last 24 hours, the rate has fluctuated by +0.56%, reaching a high of 0.02269 MYR and a low of 0.02235 MYR . One month ago, the value of 1 HOP was RM 0.03474 MYR , which represents a -35.27% change from its current value. Over the last year, Hop Protocol has changed by
-RM
0.1945MYR
, resulting in a change of -89.64% in its value.

HOP to MYR

Amount
13:50 today
0.5 HOP
RM0.01124
1 HOP
RM0.02248
5 HOP
RM0.1124
10 HOP
RM0.2248
50 HOP
RM1.12
100 HOP
RM2.25
500 HOP
RM11.24
1000 HOP
RM22.48

MYR to HOP

Amount13:50 today
0.5MYR22.24  HOP
1MYR44.48  HOP
5MYR222.38  HOP
10MYR444.77  HOP
50MYR2,223.83  HOP
100MYR4,447.67  HOP
500MYR22,238.34  HOP
1000MYR44,476.69  HOP
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HOP to MYR Today vs. 24 hours ago

Amount13:50 today24 hours ago24h change
0.5 HOPRM0.01124RM0.01118
+0.56%
1 HOPRM0.02248RM0.02236
+0.56%
5 HOPRM0.1124RM0.1118
+0.56%
10 HOPRM0.2248RM0.2236
+0.56%
50 HOPRM1.12RM1.12
+0.56%
100 HOPRM2.25RM2.24
+0.56%
500 HOPRM11.24RM11.18
+0.56%
1000 HOPRM22.48RM22.36
+0.56%

HOP to MYR Today vs. 1 month ago

Amount13:50 today1 month ago1M change
0.5 HOPRM0.01124RM0.01737
-35.27%
1 HOPRM0.02248RM0.03474
-35.27%
5 HOPRM0.1124RM0.1737
-35.27%
10 HOPRM0.2248RM0.3474
-35.27%
50 HOPRM1.12RM1.74
-35.27%
100 HOPRM2.25RM3.47
-35.27%
500 HOPRM11.24RM17.37
-35.27%
1000 HOPRM22.48RM34.74
-35.27%

HOP to MYR Today vs. 1 year ago

Amount13:50 today1 year ago1Y change
0.5 HOPRM0.01124RM0.1085
-89.64%
1 HOPRM0.02248RM0.2170
-89.64%
5 HOPRM0.1124RM1.09
-89.64%
10 HOPRM0.2248RM2.17
-89.64%
50 HOPRM1.12RM10.85
-89.64%
100 HOPRM2.25RM21.7
-89.64%
500 HOPRM11.24RM108.51
-89.64%
1000 HOPRM22.48RM217.02
-89.64%

How to convert HOP to MYR

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Convert HOP to MYR
Use a variety of payment options to buy Hop Protocol on Bitget. We'll show you how.

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

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

Bitget P2P trading currently does not support direct selling of HOP to MYR. However, you can first exchange HOP 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 HOP to MYR?

There are many factors that affect the relationship between Hop Protocol and Malaysian Ringgit, spanning multiple dimensions such as macroeconomic trends, policy regulation, and technological innovation. Specifically, the following key factors play an important role:
Market sentiment:Investor sentiment and confidence have a significant impact on the dynamics of HOP/MYR. When there is positive news in the market about the widespread adoption of HOP or major technological breakthroughs, it tends to trigger market optimism and drive the rise of HOP/MYR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in HOP/MYR.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Regulatory environment:Government policies and regulations surrounding cryptocurrencies have a direct impact on their acceptance, which in turn determines their value relative to traditional currencies such as the US dollar. Clear and supportive regulations can enhance investor confidence in cryptocurrencies and drive their value up. Conversely, vague or overly strict regulatory policies may hinder the development of cryptocurrencies and cause their value to fall.
Economic indicators:Macroeconomic factors in the country where the fiat currency is issued—such as inflation rates, interest rates, and key economic growth indicators—play a crucial role in determining the fiat currency's value and indirectly affect the exchange rate of HOP/MYR. For example, high inflation rates may lead to a decrease in market trust in fiat currencies, thereby increasing investors' demand for cryptocurrencies such as Bitcoin as a hedge, driving up their prices.
Technological progress:The continuous development and innovation of blockchain technology, as well as various improvements in the cryptocurrency ecosystem—such as expansion solutions and security enhancements—have provided strong support for the value growth of cryptocurrencies like Bitcoin.
Investors must understand these dynamics to avoid making wrong decisions. After considering these factors, investors should also closely monitor future changes in the price of Hop Protocol and adjust their investment strategies accordingly in the evolving market.

Hop Protocol price prediction

What will the price of HOP be in 2026?

Based on HOP's historical price performance prediction model, the price of HOP is projected to reach $0.006089 in 2026.

What will the price of HOP be in 2031?

In 2031, the HOP price is expected to change by +40.00%. By the end of 2031, the HOP price is projected to reach $0.01165, with a cumulative ROI of +129.15%.

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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 Hop Protocol 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 Hop Protocol 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 Hop Protocol 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.