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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

 

Based on recent forecasts in the currency market, FX analysts have diverse views on the Malaysian Ringgit (MYR) against the US Dollar (USD). While some analysts anticipate further weakening of the MYR against a resilient USD, others predict potential upward trends for the USD/MYR pair. The US Dollar has demonstrated strength amidst falling jobless claims and positive economic indicators, leading to doubts over imminent Fed rate cuts. This favorable economic data may delay rate cut decisions until at least May, potentially bolstering the USD against other currencies like the MYR.

Additionally, the MYR to USD exchange rate has recently hit 14-day highs near 0.2104, slightly below its 3-month average. The MYR could be influenced by the volatile trend in Brent Crude OIL/USD prices, which are currently near 90-day highs. The recovery of the tourism sector in Malaysia and positive economic fundamentals may offer support to the MYR. However, sustained USD strength and geopolitical tensions globally could impact the MYR's performance in the near term. It is recommended for individuals and businesses engaging in MYR to USD transactions to stay updated on the latest market developments and forecasts to make informed decisions and potentially save money on international exchanges.

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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 =
0.2107We compare provider deals to this wholesale mid-market rate. Read more
USD
+0.5%
📈2W
MYR to USD is at 14-day highs near 0.2107, just 0.9% below its 3-month average of 0.2127, having traded in a quite stable 4.4% range from 0.2084 to 0.2176
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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
16 Feb 2024
0.2092
0.7% 2 Week
02 Dec 2023
0.2140
1.5% 3 Month
02 Mar 2023
0.2234
5.7% 1 Year
03 Mar 2019
0.2454
14.1% 5 Year
04 Mar 2014
0.3049
30.9% 10 Year
06 Mar 2004
0.2632
19.9% 20 Year
MYR/USD historic rates & change to 01-Mar-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