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    MYR to USD 2024 Forecasts

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

     

    Forecasts for MYR to USD

     

    FX analysts have provided mixed outlooks for the Malaysian Ringgit (MYR) against the US dollar (USD). Some analysts anticipate further weakening of the MYR against a strong USD, with expectations of the USD/MYR pair trending higher towards 4.95. Maybank expects the MYR to remain under pressure but with potential intermittent bounces. Meanwhile, the USD saw a recent collapse due to cooling inflation prompting bets on potential Federal Reserve interest rate cuts, impacting its overall strength.

    Considering the stable performance of MYR to USD exchange rate at 0.2124, only slightly above its 3-month average, and the volatile movements in the Brent Crude OIL/USD price data showing a 3.5% decrease below its 3-month average, it is essential to keep an eye on these factors when evaluating future exchange rate movements. The strong fundamentals of the MYR, supported by potential sectoral recoveries like tourism, may play a crucial role in determining its resilience amid external pressures like the USD's volatility and oil price fluctuations. Monitoring key economic indicators, such as inflation data and interest rate decisions by central banks, will be pivotal in understanding the dynamics of the MYR to USD exchange rate in the coming months.

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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.

     
    1 MYR =
    0.2122We compare provider deals to this wholesale mid-market rate. Read more
    USD
    -0.1%
    1W
    MYR to USD at 0.2123 is just above its 3-month average, having traded in a very stable 2.3% range from 0.2087 to 0.2135
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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
    06 Jun 2024
    0.2130
    0.3% 2 Week
    22 Mar 2024
    0.2111
    0.6% 3 Month
    21 Jun 2023
    0.2152
    1.3% 1 Year
    22 Jun 2019
    0.2417
    12.2% 5 Year
    23 Jun 2014
    0.3107
    31.7% 10 Year
    25 Jun 2004
    0.2632
    19.3% 20 Year
    MYR/USD historic rates & change to 20-Jun-2024
     

    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.

    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 the United States - a practical currency and money guide to travel, living and doing business in the United States with the US 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