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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  
     

    1 MYR = 0.2386 USD
    Sell MYR  →  Buy USD
    MYR to USD at 0.2386 is near average of its 90-day range 0.2359-0.2415.
    |
      1 USD = 4.1915 MYR
     
    14-DAYLOW

    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
    0.2389
    12 Jan 2022
    0.1% 2 Weeks
    0.2410
    28 Oct 2021
    1% 90 Days
    0.2470
    26 Jan 2021
    3.4% 1 Year
    0.2256
    27 Jan 2017
    5.8% 5 Years
    0.3289
    29 Jan 2012
    27.5% 10 Years
    0.2632
    31 Jan 2002
    9.3% 20 Years
    MYR/USD change over periods to 26-Jan-2022

     

    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
    0.3217
    12 Jan 2022
    0.1% 2 Weeks
    0.3239
    28 Oct 2021
    0.7% 90 Days
    0.3272
    26 Jan 2021
    1.7% 1 Year
    0.3230
    27 Jan 2017
    0.5% 5 Years
    0.4119
    29 Jan 2012
    21.9% 10 Years
    0.4830
    31 Jan 2002
    33.4% 20 Years
    MYR/SGD change over periods to 26-Jan-2022

    MYR to SGD – Compare and Save

    MYR/AUD wasChangePeriod
    0.3281
    12 Jan 2022
    2.2% 2 Weeks
    0.3200
    28 Oct 2021
    4.8% 90 Days
    0.3186
    26 Jan 2021
    5.2% 1 Year
    0.2989
    27 Jan 2017
    12.2% 5 Years
    0.3085
    29 Jan 2012
    8.7% 10 Years
    0.5184
    31 Jan 2002
    35.3% 20 Years
    MYR/AUD change over periods to 26-Jan-2022

    MYR to AUD – Compare and Save

     

     
    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.