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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: Jun 24, 2022  
     

    1 MYR = 0.2268 USD
    Sell MYR  →  Buy USD
    MYR to USD at 0.2269 is 1.3% below its 90-day average 0.2299 with range 0.2261-0.2375.
    |
      1 USD = 4.4090 MYR
     
    14-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
    15 Jun 2022
    0.2265
    0.4% 2 Week
    31 Mar 2022
    0.2378
    4.4% 3 Month
    29 Jun 2021
    0.2408
    5.6% 1 Year
    30 Jun 2017
    0.2329
    2.4% 5 Year
    01 Jul 2012
    0.3156
    28% 10 Year
    04 Jul 2002
    0.2632
    13.6% 20 Year
    MYR/USD change over periods to 29-Jun-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.

     

    Loading rates...

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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.

    DateMYR/SGDChangePeriod
    15 Jun 2022
    0.3140
    0.9% 2 Week
    31 Mar 2022
    0.3222
    1.7% 3 Month
    29 Jun 2021
    0.3240
    2.3% 1 Year
    30 Jun 2017
    0.3206
    1.2% 5 Year
    01 Jul 2012
    0.4000
    20.8% 10 Year
    04 Jul 2002
    0.4665
    32.1% 20 Year
    MYR/SGD change over periods to 29-Jun-2022

    MYR to SGD Rates


    DateMYR/AUDChangePeriod
    15 Jun 2022
    0.3228
    2.4% 2 Week
    31 Mar 2022
    0.3175
    4.1% 3 Month
    29 Jun 2021
    0.3206
    3.1% 1 Year
    30 Jun 2017
    0.3029
    9.1% 5 Year
    01 Jul 2012
    0.3087
    7% 10 Year
    04 Jul 2002
    0.4727
    30.1% 20 Year
    MYR/AUD change over periods to 29-Jun-2022

    MYR to AUD Rates

     

     
     
    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.