Money around the world
Malaysia uses the ringgit (RM) and sen. Other countries use their own money, called foreign currency.
Key idea
Some currencies: United States → US dollar (USD); Singapore → Singapore dollar; Japan → yen; Thailand → baht.
Changing money
When we travel, we change ringgit into foreign money. A bank tells us how much one unit is worth in ringgit.
Worked example
Suppose 1 US dollar = RM4. How many ringgit for 3 US dollars?
RM4 × 3 = RM12.
Answer: RM12.
Remember
- Malaysia's money is the ringgit (RM).
- Foreign money has different names.
- Use the given rate and multiply.