AED/MYR update & alerts
1 AED = 1.1306 MYR
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.
| Foreign Transfer Providers | Receive MYR(RM) | Exchange Rate | Fee AED | Total Cost | Deal Links |
|---|---|---|---|---|---|
 | RM11,170 | 1.117 | 0 for BER users (normally $15) | 1.2% | |
 | RM11,159 | 1.1159 | 0 | 1.3% | |
National Bnk Abu Dhabi International Money Transfers  | RM10,681 | 1.0681 | 0 | 5.53% | |
Banks - Average Rate   Average Bank Rate | RM10,618 | 1.0632 | 15 | 6.09% |
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.
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