BestExchangeRates Malaysia Compare & Save on Foreign Exchange
How BestExchangeRates Saves You Money on FX
For over a decade BestExchangeRates.com has been a trusted voice in foreign exchange in Malaysia and globally.
BestExchangeRates compares exchange rates from popular banks and currency specialists to help you avoid hidden and excessive margins and fees when you send and spend abroad.
We help our users save money by making these fees and exchange rates transparent and easier to compare. With our foreign transfer and currency exchange tools, you can quickly find the cheapest and most convenient way to convert your money.
More than 3 million satisfied visitors have saved over $200M on foreign exchange.
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Popular MYR Exchange Rates
Follow exchange rates via your personal BER Tracker to keep track of trending currency pairs so that you can take advantage of opportunities and trends in the market.
Save on International Money Transfers
Sending money abroad can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.
Using your Bank to make international wire transfers can be very expensive – often 5% to 6% worse than using a foreign exchange specialist to send money abroad or pay a foreign invoice.
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We compare exchange rates from major financial institutions in Malaysia.
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We show you how to save by ordering foreign cash online or compare rates on multi-currency travel cards for better currency exchange rates, convenience and security for your next trip or overseas online purchase.
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Malaysian ringgit market update
The Malaysian Ringgit (MYR) is facing increasing pressure following U.S. President Donald Trump's announcement of a 24% tariff on imports from Malaysia. This move, part of a broader trade conflict, has led to heightened uncertainty in the currency markets, coinciding with a worrying outlook for emerging Asian currencies. Analysts note that the sentiment among investors is deteriorating, especially after additional tariffs imposed on China, which has raised fears of a global trade war. The MYR’s recent performance reflects these concerns, as it has experienced a lack of stability alongside its regional peers, including notable declines for the Thai baht and South Korean won.
Currently, the MYR is quoted at 0.2359 against the USD, which is 4.0% above its three-month average of 0.2268, trading within a stable range of 0.2227 to 0.2378. Also notable is the MYR to EUR exchange rate at 0.2087, maintaining a position just above its three-month average amid a volatile range of 0.1988 to 0.2182. The MYR is performing similarly against the GBP and JPY, with rates of 0.1775 and 33.96 respectively, both above their average levels but still reflecting the global market's cautious sentiment.
BestExchangeRates.com keeps you up-to-date on Malaysian ringgit forecasts by collating the views of reliable FX forecasters and economists together with recent MYR price trends. This analysis covers a wide range of factors including economic indicators, geopolitical events, central bank policies, and technical analysis to provide a thorough and current outlook on currency trends.
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