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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  BER Research BER Research
         

        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-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
        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.

         

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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

         

         

        Rate Forecasts

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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.