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    Malaysian Ringgit MYR Forecasts 2022

    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.

    Updated: Aug 11, 2022  
     

    1 MYR = 0.2157 USD
    Sell MYR  →  Buy USD
    MYR to USD at 0.2157 is 3.3% below its 90-day average 0.223 with range 0.2157-0.2269.
    |
      1 USD = 4.6370 MYR
     
    1-DAY-0.6%
    90-DAYLOW

    Malaysian ringgit Outlook

    The Malaysian ringgit has remained below 24 US cents since the end of 2021 as a firmer US dollar kept Asian currencies subdued while escalating woes due to the Russian invasion of Ukraine switched markets to safe haven mode.

    DateMYR/USDChangePeriod
    16 Sep 2022
    0.2205
    2.2% 2 Week
    02 Jul 2022
    0.2269
    4.9% 3 Month
    30 Sep 2021
    0.2389
    9.7% 1 Year
    01 Oct 2017
    0.2368
    8.9% 5 Year
    02 Oct 2012
    0.3278
    34.2% 10 Year
    05 Oct 2002
    0.2632
    18% 20 Year
    MYR/USD historic rates & change to 30-Sep-2022

     

    Factors that affect the MYR exchange rate

    Raised US interest rates in 2022 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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    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.

    MYR to SGD

    DateMYR/SGDChangePeriod
    16 Sep 2022
    0.3101
    0.2% 2 Week
    02 Jul 2022
    0.3168
    2.3% 3 Month
    30 Sep 2021
    0.3244
    4.6% 1 Year
    01 Oct 2017
    0.3215
    3.7% 5 Year
    02 Oct 2012
    0.4030
    23.2% 10 Year
    05 Oct 2002
    0.4688
    34% 20 Year
    MYR/SGD historic rates & change to 30-Sep-2022

    MYR to TWD

    DateMYR/TWDChangePeriod
    16 Sep 2022
    6.8916
    0.4% 2 Week
    02 Jul 2022
    6.7646
    1.4% 3 Month
    30 Sep 2021
    6.6472
    3.2% 1 Year
    01 Oct 2017
    7.1826
    4.5% 5 Year
    02 Oct 2012
    9.5957
    28.5% 10 Year
    05 Oct 2002
    9.1718
    25.2% 20 Year
    MYR/TWD historic rates & change to 30-Sep-2022

     


     
     
    Posted under: #Forecasts #MYR
     

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