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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.

        Updated: Oct 10, 2021  BER Research BER Research
         

        1 MYR = 0.2397 USD
        Sell MYR  →  Buy USD
        MYR to USD at 0.2397 is 0.5% above its 90-day average, range 0.2358-0.2418.
        |
          1 USD = 4.1715 MYR
         
        30-DAY▲HIGH1d

        Malaysian ringgit Outlook

        The Malaysian ringgit has fallen below 24 cents as a firmer US dollar kept Asian currencies subdued while escalating woes at indebted developer China Evergrande switched markets to safe haven mode.

        MYR/USD wasChangePeriod
        0.2396
        04 Oct 2021
        		0% ▲2 Weeks
        0.2367
        20 Jul 2021
        		1.3% ▲90 Days
        0.2410
        18 Oct 2020
        		0.5% ▼1 Year
        0.2396
        19 Oct 2016
        		0% ▲5 Years
        0.3179
        21 Oct 2011
        		24.6% ▼10 Years
        0.2632
        23 Oct 2001
        		8.9% ▼20 Years
        MYR/USD change over periods to 18-Oct-2021

         

        MYR in the markets

        Early signs of raised US interest rates 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.

        MYR to USD – Compare and Save

        MYR/SGD wasChangePeriod
        0.3251
        04 Oct 2021
        		0.5% ▼2 Weeks
        0.3234
        20 Jul 2021
        		0% ▲90 Days
        0.3273
        18 Oct 2020
        		1.2% ▼1 Year
        0.3321
        19 Oct 2016
        		2.6% ▼5 Years
        0.4049
        21 Oct 2011
        		20.1% ▼10 Years
        0.4806
        23 Oct 2001
        		32.7% ▼20 Years
        MYR/SGD change over periods to 18-Oct-2021

        MYR to SGD – Compare and Save

        MYR/AUD wasChangePeriod
        0.3286
        04 Oct 2021
        		1.6% ▼2 Weeks
        0.3226
        20 Jul 2021
        		0.2% ▲90 Days
        0.3398
        18 Oct 2020
        		4.8% ▼1 Year
        0.3102
        19 Oct 2016
        		4.3% ▲5 Years
        0.3079
        21 Oct 2011
        		5% ▲10 Years
        0.5178
        23 Oct 2001
        		37.5% ▼20 Years
        MYR/AUD change over periods to 18-Oct-2021

        MYR to AUD – Compare and Save

         

         

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        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.