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    MYR to USD 2025 Forecasts

    Analysis of recent ringgit → dollar forecasts for 2025. We collate forecasts from respected FX analysts together with the latest Malaysian ringgit to US dollar performance and trends.

     

    Forecasts for MYR to USD

     

    The exchange rate forecast for the Malaysian ringgit (MYR) against the US dollar (USD) is currently optimistic, driven primarily by a resurgence in foreign investment interest in Malaysia's economy. Analysts from Maybank note the ringgit's significant appreciation in early October, marking its most substantial jump in nine years, as confidence builds around Malaysia's efforts to attract foreign capital. Following several years of depreciation, the MYR has recently outperformed many emerging market currencies, aided by government reforms aimed at reducing the budget deficit and rolling back subsidies.

    However, the ongoing strength of the USD poses a counterbalance. The dollar recently gained ground due to unexpectedly cooling inflation figures in the US, suggesting that while some may anticipate interest rate cuts by the Federal Reserve, the dollar remains buoyed by economic resilience. Experts indicate this dynamic creates a complex backdrop for the MYR/USD exchange rate, especially as geopolitical tensions and US trade policies continue to evoke volatility in global markets.

    Recent MYR/USD pricing reflects a stable period, with the rate trading at approximately 0.2249, hovering just above the three-month average. Analysts have observed a tightly coiled 3.0% trading range for the MYR, which indicates relative stability amidst fluctuations elsewhere.

    Additionally, the relationship between oil prices and the MYR cannot be overlooked. The recent performance of oil prices, trading at 70.58—a notable 6.0% below the three-month average—could impact the MYR given Malaysia's status as a major oil producer. If oil prices regain strength, there could be upward pressure on the MYR as the currency often benefits from higher commodity prices.

    Overall, market sentiment remains cautiously optimistic for the MYR in the short term, as it seems to be positioned to leverage both foreign investment and potential shifts in USD strength linked to monetary policy. However, significant risks remain, particularly in relation to global economic conditions and the Federal Reserve's policy decisions in the upcoming months, both of which will be crucial in shaping the MYR's trajectory against the dollar.

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    MYR to USD Market Data

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

     
    Sell MYR   →   Buy USD
    1 MYR =
    0.2249We compare provider deals to this wholesale mid-market rate. Read more
    USD
    -0.2% since yesterday
    MYR to USD is at 7-day lows near 0.2249, just above its 3-month average, having traded in a very stable 3.0% range from 0.2217 to 0.2284
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    Compare & Save - Malaysian ringgit to US dollar

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

    Use our MYR to USD 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 Dollar currency rates and the possible savings of using various providers.

     
    DateMYR/USDChangePeriod
    28 Feb 2025
    0.2241
    0.4% 2 Week
    14 Dec 2024
    0.2247
    0.1% 3 Month
    14 Mar 2024
    0.2133
    5.5% 1 Year
    15 Mar 2020
    0.2337
    3.7% 5 Year
    17 Mar 2015
    0.2702
    16.7% 10 Year
    19 Mar 2005
    0.2632
    14.5% 20 Year
    MYR/USD historic rates & change to 14-Mar-2025
     

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    Will the Malaysian ringgit rise against the US 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/USD 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.

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    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