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 currently facing mounting pressure following the announcement of a 24% tariff on imports from Malaysia by U.S. President Donald Trump. This significant trade measure, part of a broader trade conflict, has not prompted retaliation from Malaysia, which is instead pursuing a collaborative regional response, led by Prime Minister Anwar Ibrahim. As the situation develops, analysts note that the sentiment across emerging Asian currencies is deteriorating, with increased concerns over a global trade war affecting risk appetite.
In the last week, regional currencies, including the Thai baht and South Korean won, have declined by about 2%. The MYR's recent performance reflects this trend, trading at 0.2368 to the USD, which is 4.5% above its three-month average of 0.2267. The MYR has shown relative stability, oscillating within a range of 0.2227 to 0.2378. In comparison, the MYR to EUR stands at 0.2087, near its three-month average, while it has exhibited more volatility over the same period, ranging between 0.1988 and 0.2182. Additionally, the MYR to GBP has traded at 0.1773, slightly above its three-month average of 0.1755, within a stable range from 0.1705 to 0.1817. The exchange rate to JPY shows a similar pattern, with a current price of 33.86, representing a 1.2% increase from its average of 33.47 in a range of 32.17 to 34.71.
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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