CROSS CURRENCY EXCHANGE RATE IN MYR TERM
How to calculate rate of exchange of 1 MYR to AUD or vice-versa?.
Base on the above rates.
If we analyse the above parity, we can conclude that USD is the most superior currency as compared to AUD and MYR.
We need MYR3.5600 for every 1 USD.
We need AUD1.2414 for every 1 USD.
To convert 1 AUD for MYR is just take the MYR rate and divide it by AUD rate. This due to MYR is dominant/base currency in Malaysia
So 1 MYR=AUD0.3487
If we observe the above rates the AUD has higher value than MYR. However, the price of some merchandise of same brand and quality is cheaper in Sydney as compared to K Lumpur. A simple example is collar Lacoste T-Shirt only cost you MYR150.00 in Sydney. Where else, in K Lumpur it cost you MYR300.00 per piece. You can buy two pieces in Sydney for the same amount of MYR in K Lumpur.
How to calculate JPY against MYR.
Using the above rates we can calculate JPY against MYR as follows. In Malaysia our quotation is in term of 100 JPY equvalent to how many MYR.
We observe again USD is the most superior currency here. If we look at the above rates, we can conclude that :
However, in Malaysia it is quoted per 100 JPY equivalent to how many MYR. MYR is the dominant/base currency here.
Therefore, 100 JPY equivalent to MYR3.7690.
Actually, calculation of exchange rates is simply arithematic. Just need to apply arithematic formula and the same apply to other currency.