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    MYR to AUD 2024 Forecasts

    Analysis of recent Ringgit→Aussie forecasts for 2024. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to Australian dollar performance and trends.


    Forecasts for MYR to AUD

    90-DAY LOW

    According to recent forecast analysis by FX analysts, the Malaysian Ringgit (MYR) is expected to maintain its strength against the Australian Dollar (AUD) in the coming years. The MYR to AUD exchange rate is currently trading at 90-day lows near 0.3240, which is 2.3% below its 3-month average of 0.3316. However, despite the recent dip, the MYR is predicted to end 2023 with an exchange rate range of 4.20 to 4.30 per US dollar.

    The fundamentals of the Malaysian economy, particularly the recovery of the tourism sector and potential narrowing of the services account deficit, are expected to support the strength of the MYR. Additionally, the relatively weaker currency could attract expatriates, foreign retirees, and other high-valued foreigners to invest in Malaysian real estate, taking advantage of Malaysia's lower cost of living compared to neighboring countries like Singapore.

    In terms of the Australian economy, the AUD is influenced by factors such as commodity prices, trade policies, and political developments. As Australia is a major commodities exporter, any changes in commodity prices, especially the demand for iron ore, can have a significant impact on the AUD's value. The AUD is also influenced by global market sentiment, with increased confidence in global growth prospects leading to an appreciation of the currency.

    It is worth noting that the AUD's value against the MYR may also be affected by changes in the price of oil. Malaysia, along with Thailand, is one of the largest oil producers in Asia. The recent Brent Crude OIL/USD price data shows that the price of oil is currently 8.0% below its 3-month average. Any significant trends in oil prices could have an impact on the MYR and, consequently, the MYR to AUD exchange rate.

    Overall, based on market analysis and recent data, it is expected that the MYR will remain relatively strong against the AUD in the coming years, with the potential for increased interest from foreign investors due to the lower cost of living and attractive real estate opportunities in Malaysia. However, fluctuations in commodity prices and oil prices could introduce some volatility to the exchange rate.


    MYR to AUD Market Data

    Malaysian ringgit (MYR) to Australian dollar (AUD) market data - latest interbank mid-rate, trend, chart & historic rates.

    1 MYR =
    0.3240We compare provider deals to this wholesale mid-market rate. Read more
    MYR to AUD is at 90-day lows near 0.3215, 2.8% below its 3-month average of 0.331, having traded in a quite stable 4.7% range from 0.3215 to 0.3365
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    90-DAY LOW

    Compare & Save - Malaysian ringgit to Australian dollar

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Australian dollar (AUD) rates from different sources before making a conversion.

    Use our MYR to AUD calculator to see how much you could save on your international money transfers. makes it easy to compare the Total Cost you are being charged on Ringgit to Aussie currency rates and the possible savings of using various providers.

    14 Nov 2023
    1.3% 2 Week
    30 Aug 2023
    3.2% 3 Month
    28 Nov 2022
    4.1% 1 Year
    29 Nov 2018
    1.4% 5 Year
    30 Nov 2013
    5.4% 10 Year
    03 Dec 2003
    10% 20 Year
    MYR/AUD historic rates & change to 28-Nov-2023

    Will the Malaysian ringgit rise against the Australian dollar?

    It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

    To help with this you can add MYR/AUD to your personalised BER Smart Rate Tracker to track and benefit from currency movements.

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    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Australia - a practical currency and money guide to travel, living and doing business in Australia with the Australian dollar.


    Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more