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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  BER Research BER Research
         

        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-DAY▼LOW

        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
        Latest MYR to SGD Rates

        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
        Latest MYR to TWD Rates

         

         

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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.