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    Malaysian Ringgit MYR Forecasts 2021

    Forecasts for the Malaysian ringgit change all the time, affected by news events such as the Coronavirus and relative sentiment towards the Malaysian economy. This continually updated article reviews MYR bank forecasts and popular cross-rate trends.

    Forecasts Updated: Jul 22, 2021
     
    MYR to EUR at 0.1996 is 0.5% below its 90-day average, range 0.1971-0.2040.
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    1-DAY-0.7%1d
    30-DAYLOW1d
     

    MYR in the markets

    The Malaysian ringgit has fallen to year lows in late July on the surge in pandemic cases – nearly 200 deaths and 12,000 new COVID-19 cases.

    Any sign of raised US interest rates as occurred in April will likely again lead to an exodus of cash from emerging markets and be negative for MYR.

    You can also read our full Foreign Exchange Guide to Malaysia.

     

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    MYR Foreign Transfers – Compare and Save

     

    What is a good Malaysian ringgit exchange rate?

    Whether the ringgit will rise or drop in the future is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate’s relative value is to look at the rate’s history against a range of currencies and in particular against the currency you are interested in exchanging.

    For example, the following tables look at the change in the MYR exchange rate to the present day for periods going back 10 years for popular MYR exchange rates.

    MYR/USDPeriod
    20 Jul 2021
    0.2367
    1 Week
    27 Jun 2021
    0.2406
    30 Days
    28 Apr 2021
    0.2438
    90 Days
    27 Jul 2020
    0.2352
    1 Year
    28 Jul 2016
    0.2464
    5 Years
    30 Jul 2011
    0.3373
    10 Years

    MYR/USD 10 year historic rates

    MYR to USD – Compare and Save

    MYR/SGDPeriod
    20 Jul 2021
    0.3234
    1 Week
    27 Jun 2021
    0.3230
    30 Days
    28 Apr 2021
    0.3229
    90 Days
    27 Jul 2020
    0.3241
    1 Year
    28 Jul 2016
    0.3335
    5 Years
    30 Jul 2011
    0.4062
    10 Years

    MYR/SGD 10 year historic rates

    MYR to SGD – Compare and Save

    MYR/AUDPeriod
    20 Jul 2021
    0.3226
    1 Week
    27 Jun 2021
    0.3168
    30 Days
    28 Apr 2021
    0.3125
    90 Days
    27 Jul 2020
    0.3285
    1 Year
    28 Jul 2016
    0.3281
    5 Years
    30 Jul 2011
    0.3075
    10 Years

    MYR/AUD 10 year historic rates

    MYR to AUD – Compare and Save

     

     

    Disclaimer: Please note that the currency forecasts and opinions of our authors should not be taken as a reference to buy or sell any financial product.