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VELA to MYR Converter and calculator

VELA/MYR: 1 VELA = 0.02089 MYR. The price of converting 1 Vela Exchange (VELA) to Malaysian Ringgit (MYR) is 0.02089 MYR today.
VELA
VELA
MYR
Last updated as of 2023/09/01 02:23:05 (UTC+0)Refreshrefresh
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Bitget converter provides VELA to MYR real-time exchange rates, making it easy to convert Vela Exchange (VELA) to Malaysian Ringgit (MYR). The conversion result is based on real-time data. The conversion result shows that 1 VELA is currently valued at 0.02 MYR. Since crypto prices can change rapidly, we recommend checking back for the conversion result.
1 VELA is currently valued at 0.02 MYR, which means buying 5 VELA would cost 0.10 MYR. Similarly, RM1 MYR can be converted to 47.88 VELA, and RM50 MYR can be converted to 239.38 VELA, excluding any platform or gas fees.

Convert VELA to MYR

Convert MYR to VELA

Vela Exchange
Malaysian Ringgit
5000 VELA
104.44  MYR
10000 VELA
208.88  MYR
In the table above, you'll find a comprehensive VELA to MYR converter that shows the value of Vela Exchange in Malaysian Ringgit across commonly used conversion amounts. The list covers conversions from 1 VELA to MYR, all the way up to 10000 VELA, providing a clear view of their respective values.
Malaysian Ringgit
Vela Exchange
1000 MYR
47,875.14 VELA
2000 MYR
95,750.29 VELA
5000 MYR
239,375.72 VELA
10000 MYR
478,751.45 VELA
50000 MYR
2,393,757.25 VELA
100000 MYR
4,787,514.5 VELA
In the table above, you'll find a comprehensive MYR to VELA converter that shows the value of Malaysian Ringgit in Vela Exchange across commonly used conversion amounts. The list covers conversions from 1 MYR to VELA, all the way up to 100000 MYR, providing a clear view of their respective values.

VELA to MYR chart

VELA/MYR: 1 VELA = 0.02089 MYR; 2025/04/27 11:37:16
In the past 1D, Vela Exchange has changed -0.30% to MYR. Based on the trend and price charts, Vela Exchange(VELA) has changed -0.30% to MYR while Malaysian Ringgit(MYR) has changed % to VELA in the last 24 hours.
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VELA to MYR conversion data: Volatility and price changes of Vela Exchange in MYR

The highest Vela Exchange price in MYR over the past 7 days was 0.02590 MYR while the lowest Vela Exchange price in MYR over the past 7 days was 0.01766 MYR. The relative change between the highs and lows in Vela Exchange price in MYR over the last 7 days indicates a volatility of %. You can view additional volatility data and VELA to MYR prices for the past 24 hours, 30 days, and 90 days in the table above.
Last 24 hoursLast 7 daysLast 30 daysLast 90 days
High
0.02259 MYR
0.02590 MYR
0.03532 MYR
0.1431 MYR
Low
0.01766 MYR
0.01766 MYR
0.01766 MYR
0.01766 MYR
Average
0 MYR
0 MYR
0 MYR
0 MYR
Volatility
%
%
%
%
Change
-0.30%
-9.26%
-24.04%
-79.49%

Vela Exchange information

VELA to MYR market statistics

VELA/MYR:
RM0.02089
VELA 24h volume:
RM91,710.09
VELA market cap:
--
VELA circulating supply:
0 VELA

Current VELA to MYR exchange rate

Vela Exchange to Malaysian Ringgit is falling this week.
Vela Exchange's current market price is RM0.02089 per VELA, with a total market cap of RM0 MYR based on a circulating supply of -- VELA. The trading volume of Vela Exchange has changed by +15.48% (RM12,294.42 MYR) in the last 24 hours. Last trading day, VELA's trading volume was RM79,415.67.

More info about Vela Exchange on Bitget

Malaysian Ringgit 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.

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

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How to convert VELA to MYR

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Buy VELA (or USDT) for MYR (Malaysian Ringgit) offers
Bitget P2P trading does not currently support direct buying of VELA with MYR. However, you can buy USDT in Bitget P2P trading first, and then buy VELA with USDT via Bitget spot market.
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VELA to MYR Conversion tables

The exchange rate of Vela Exchange is decreasing.
The exchange rate of 1 VELA to Malaysian Ringgit has changed by -9.26% in the last 7 days. In the last 24 hours, the rate has fluctuated by -0.30%, reaching a high of 0.02259 MYR and a low of 0.01766 MYR . One month ago, the value of 1 VELA was RM0.02755 MYR , which represents a -24.04% change from its current value. Over the last year, Vela Exchange has changed by
-RM
2.46MYR
, resulting in a change of -99.15% in its value.
24 hours ago1 month ago1 year ago
Amount11:37 am today24 hours ago24h change
0.5 VELARM0.01044RM0.01048
-0.30%
1 VELARM0.02089RM0.02095
-0.30%
5 VELARM0.1044RM0.1048
-0.30%
10 VELARM0.2089RM0.2095
-0.30%
50 VELARM1.04RM1.05
-0.30%
100 VELARM2.09RM2.1
-0.30%
500 VELARM10.44RM10.48
-0.30%
1000 VELARM20.89RM20.95
-0.30%

VELA to MYR FAQ

How much is 1 Vela Exchange in MYR?
Right now, the price of 1 Vela Exchange (VELA) in Malaysian Ringgit (MYR) is RM0.02089.
How much VELA can I buy for 1 MYR?
Based on the current exchange rate, you can get 47.88 VELA for 1 MYR.
How do I calculate or convert VELA to MYR?
You can use our VELA to MYR calculator at the top of this page to convert any amount of VELA to MYR. We've also included quick-reference tables for the most popular conversions. For example, 5 MYR is equivalent to 239.38 VELA, while 5 VELA will cost around 0.1044MYR.
What is the highest price of VELA/MYR in history?
The all-time high price of 1 VELA in MYR is RM33.6. It remains to be seen if the value of 1 VELA/MYR will exceed the current all-time high.
What is the price trend of Vela Exchange in MYR?
Over the past 7 days, the exchange rate of Vela Exchange (VELA) has gone down by 9.26%.   Over the last month, the exchange rate of Vela Exchange (VELA) has gone down by 24.04% against Malaysian Ringgit (MYR).

What factors influence the conversion rate of VELA to MYR?

There are many factors that affect the relationship between Vela Exchange 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 VELA/MYR. When there is positive news in the market about the widespread adoption of VELA or major technological breakthroughs, it tends to trigger market optimism and drive the rise of VELA/MYR. Conversely, negative news, such as regulatory crackdowns and security vulnerabilities, may trigger market panic and lead to a decline in VELA/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.
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 VELA/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 Vela Exchange and adjust their investment strategies accordingly in the evolving market.

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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.