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AED to MYR - Rate Guide

United Arab Emirates Dirham to Malaysian Ringgit exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money transactions as shown below.

 

AED/MYR update & alerts

1 AED = 1.1306 MYR

AED to MYR - Trading Range (90 Day)
no recent alerts
At 1.1308 AED/MYR is trading 0.6% below the average for 90 days, with range 1.1228 to 1.1493. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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AED/MYR Exchange Rates and Providers Compared

This guide to the United Arab Emirates Dirham to Malaysian Ringgit exchange rate with 90-day chart & alerts, historic rates, forecasts and AED to MYR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AED/MYR Quick Calculator.

Exchange rates can vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for AED/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

AED to MYR International Money Transfers

  

Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee AEDTotal CostDeal Links
OFX logo
RM11,1701.1170 for BER users (normally $15)1.2%
TorFX logo
RM11,1591.115901.3%
National Bnk Abu Dhabi International Money Transfers
National Bnk Abu Dhabi logo
RM10,6811.068105.53%
HSBC logo
RM10,6651.0681د.إ155.67%
Banks - Average Rate
Citibank logo HSBC logo
RM10,6181.0632156.09%
Citibank International Money Transfers
Citibank logo
RM10,5701.0583126.51%
WorldRemit logo
Your amount above the WorldRemit AED2000 maximum
 

OFX logo

OFX: Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.1170 (1.2% from mid-rate)
To Amount (MYR) RM11,170
Total Cost:1.2%
Time:
Rate Fetched: 1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

TorFX logo

TorFX: Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:0
Exchange Rate:1.1159 (1.3% from mid-rate)
To Amount (MYR) RM11,159
Total Cost:1.3%
Difference:
RM11 MYR less than using OFX
Time:1:12 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

National Bnk Abu Dhabi logo

National Bnk Abu Dhabi: Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:
Exchange Rate:1.0681 (5.53% from mid-rate)
To Amount (MYR) RM10,681
Total Cost:5.53%
Difference:
RM489 MYR less than using OFX
Time:1:12 Local
Transfer Speed:
Services:
Rating:
: /5.0
Reviews:
 

HSBC logo

HSBC: Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:د.إ15 AED (.15%)
Exchange Rate:1.0681 (5.53% from mid-rate)
To Amount (MYR) RM10,665
Total Cost:5.67%
Difference:
RM505 MYR less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:15
Exchange Rate:1.0801 (4.47% from mid-rate)
To Amount (MYR) RM10,618
Total Cost:6.09%
Difference:
RM552 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Citibank logo

Citibank: Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:12
Exchange Rate:1.0583 (6.39% from mid-rate)
To Amount (MYR) RM10,570
Total Cost:6.51%
Difference:
RM600 MYR less than using OFX
Time:1:12 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

WorldRemit logo

WorldRemit: Foreign Transfer AED→MYR
From Amount (AED)د.إ10,000
Fee:
Transfer Speed:1 day
Services:Bank Transfers & Cash Pickup - Online only
Rating:
 
: 4.5/5.0
Reviews:
 
Snapshot 11/17/2019 - See full table

AED and MYR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the AED vs MYR, you should pay attention to the recent market trends for both currencies.

United Arab Emirates Dirham (AED)

All the Gulf Cooperation Council (GCC) countries, excluding Kuwait, have their currencies pegged to the US dollar. The UAE dirham has been fixed at a rate of around 3.6725 to $1 since 1997.

 

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.

Why can't I just get the AED/MYR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the AED / MYR was traded (bought or sold) in the international markets.

All foreign exchange providers charge a fee for providing their service and this fee is usually contained within the exchange rate margin (or difference to the mid-rate). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

Getting a good market rate is mainly about timing however the transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all AED Exchange Rates