Malaysian Ringgit MYR Forecasts 2021

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.

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Provider	Amounts	Rate	Cost

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/USD	Period
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/SGD	Period
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/AUD	Period
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

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.

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Malaysian Ringgit MYR Forecasts 2021

MYR in the markets

What is a good Malaysian ringgit exchange rate?

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