Definition

1. Noun:
   • The basic unit of money in Malaysia: The "ringgit" is the official currency of Malaysia. It is subdivided into 100 smaller units called sen.

Usage

• The word "ringgit" is used to refer to Malaysian currency in financial, commercial, and everyday contexts. It functions as both a singular and plural noun (e.g., one ringgit, fifty ringgit). Its symbol is RM (Malaysian Ringgit).

Examples

• Noun:
  • The price of the souvenir is twenty ringgit.
  • She exchanged her dollars for Malaysian ringgit at the bank.
  • The new smartphone costs over three thousand ringgit.

Advanced Usage

• "The ringgit strengthened against the US dollar.": Used in economic and financial news to describe the currency's value in foreign exchange markets.
• "Prices are quoted in ringgit.": Indicates that the Malaysian currency is the standard for pricing within a given context.

Variants and Related Words

• Sen (noun): A subunit of the ringgit; 100 sen equal 1 ringgit.
  • The coin is worth fifty sen.
• RM: The official currency symbol for the Malaysian ringgit, used before the amount (e.g., RM 10.50).

Synonyms

• Malaysian dollar: A former and sometimes still used informal name for the ringgit.
• MYR: The ISO 4217 currency code for the Malaysian ringgit, used in international banking and finance.

Related Phrases

• Ringgit Malaysia: The full official name of the currency, often abbreviated as RM.
  • The contract was valued at one million Ringgit Malaysia.

Noun

1. the basic unit of money in Malaysia; equal to 100 sen