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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

     

    FX analysts have mixed views on the MYR to AUD exchange rate, reflecting the uncertainties in both currencies. The Malaysian Ringgit (MYR) is expected to face pressures against a strong USD, with analysts suggesting a potential weakening trend. The MYR's performance is further expected to be influenced by sustained USD strength, potentially impacting the currency negatively according to Hong Leong Bank analysts. On the other hand, Societe Generale foresees the USD/MYR pair trending higher towards 4.95. Maybank also anticipates the MYR to remain under pressure with sporadic bounces, hinting at potential volatility in the currency pair.

    In contrast, the Australian Dollar (AUD) has shown resilience recently, supported by hawkish Reserve Bank of Australia (RBA) sentiments and favorable commodities market conditions. The AUD has traded within a narrow range and may rally if Australia's service sector expands as forecast. Despite this, Commonwealth Bank suggests that the AUD may face challenges in the near term due to expectations of delayed interest rate cuts by the US Fed. With the AUD being a risk-sensitive currency, any significant changes in global growth outlook, commodities prices, and political developments can impact its value. Therefore, while the MYR to AUD exchange rate stands at 90-day lows near 0.3172, further movements could be influenced by market sentiments, economic data releases, and any fluctuations in oil prices, which are also significant factors affecting the Malaysian economy.

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    MYR to AUD Market Data

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

     
    1 MYR =
    0.3270We compare provider deals to this wholesale mid-market rate. Read more
    AUD
    +0.5%
    3M
    MYR to AUD is at 90-day highs near 0.3252, 1.8% above its 3-month average of 0.3194, having traded in a very stable 3.4% range from 0.3144 to 0.3252
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    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.

     
    DateMYR/AUDChangePeriod
    10 Jul 2024
    0.3144
    3.4% 2 Week
    25 Apr 2024
    0.3209
    1.3% 3 Month
    25 Jul 2023
    0.3229
    0.7% 1 Year
    26 Jul 2019
    0.3512
    7.4% 5 Year
    27 Jul 2014
    0.3351
    3% 10 Year
    29 Jul 2004
    0.3773
    13.8% 20 Year
    MYR/AUD historic rates & change to 24-Jul-2024
     

    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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    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