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AUD/MYR - Rate Guide

Australian Dollar 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.

 

AUD/MYR Exchange Rates and Providers Compared

This guide to the Australian Dollar to Malaysian Ringgit exchange rate with 90-day chart & alerts, historic rates, forecasts and AUD to MYR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the AUD/MYR Calculator.

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AUD/MYR - 90 Day Rate Alerts

1 AUD = 2.8265 MYR

14-DAY LOWS 1-DAY DOWN 1.7%
AUD/MYR over the last 90 days

View AUD/MYR - Interactive Chart

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 AUD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee AUDTotal CostDeal Links
TorFX logo
27,318 MYR
Best Overall
2.731803.35%
OFX (OzForex) logo
27,345 MYR
27 MYR
2.73450^3.25%
XE logo
28,101 MYR
783 MYR
2.810100.58%
BankSA International Money Transfers
BankSA logo
27,221 MYR
97 MYR
2.727620.013.69%
Banks - Average Rate
National Australia Bank (nab) logo BankSA logo
26,659 MYR
659 MYR
2.6715155.68%
National Australia Bank (nab) logo
26,096 MYR
1,222 MYR
2.6154227.67%
 

TorFX logo

TorFX: Foreign Transfer AUD→MYR
From Amount:10,000 AUD
Fee:0
Exchange Rate:2.7318 (3.35% from mid-rate)
To Amount:27,318 MYR
Total Cost:3.35%
Time:8:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 

OFX (OzForex) logo

OFX (OzForex): Foreign Transfer AUD→MYR
From Amount:10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:2.7345 (3.25% from mid-rate)
To Amount:27,345 MYR
Total Cost:3.25%
Difference:
27 MYR more than using TorFX
Time:
Rate Fetched: Sun Sep 22 2019 07:01:31 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

XE logo

XE: Foreign Transfer AUD→MYR
From Amount:10,000 AUD
Fee:0
Exchange Rate:2.8101 (0.58% from mid-rate)
To Amount:28,101 MYR
Total Cost:0.58%
Difference:
783 MYR more than using TorFX
Time:8:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

BankSA logo

BankSA: Foreign Transfer AUD→MYR
From Amount:10,000 AUD
Fee:20.01
Exchange Rate:2.7276 (3.5% from mid-rate)
To Amount:27,221 MYR
Total Cost:3.69%
Difference:
97 MYR less than using TorFX
Time:
Rate Fetched: website - 8:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→MYR
From Amount:10,000 AUD
Fee:15
Exchange Rate:2.7112 (4.08% from mid-rate)
To Amount:26,659 MYR
Total Cost:5.68%
Difference:
659 MYR less than using TorFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

National Australia Bank (nab) logo

National Australia Bank (nab): Foreign Transfer AUD→MYR
From Amount:10,000 AUD
Fee:22
Exchange Rate:2.6154 (7.47% from mid-rate)
To Amount:26,096 MYR
Total Cost:7.67%
Difference:
1,222 MYR less than using TorFX
Time:
Rate Fetched: website - 8:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money ProvidersAmount MYR(RM)Exchange RateFee AUDTotal CostDeal Links
Westpac logo
2,763.68 MYR
Compare
2.7916A$102.22%
Australia Post logo
2,727.6 MYR
36 MYR
2.7276$0 BPay, Card 0.72%-1%3.5%
Travel Money Oz logo
2,713.9 MYR
50 MYR
2.7139A$03.98%
ANZ Bank logo
2,693 MYR
71 MYR
2.7202A$104.72%
BankSA Foreign Currency
BankSA logo
2,686.69 MYR
77 MYR
2.7276A$154.95%
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo BankSA logo
2,678 MYR
86 MYR
2.7093105.26%
National Australia Bank (nab) logo
2,648.94 MYR
115 MYR
2.6757106.28%
Commonwealth Bank (CBA) logo
2,645.08 MYR
119 MYR
2.6718A$106.42%
Travelex Online AU logo
2,641.8 MYR
122 MYR
2.6418$0 BPay, Card 0.72%-1%6.53%
St George Bank logo
2,629.06 MYR
135 MYR
2.6691A$156.99%
 

Westpac logo

Westpac: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:2.7916 (1.23% from mid-rate)
To Amount:2,763.68 MYR
Total Cost:2.22%
Time:
Rate Fetched: website - Mon Apr 15 2019 01:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
 

Australia Post logo

Australia Post: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:2.7276 (3.5% from mid-rate)
To Amount:2,727.6 MYR
Total Cost:3.5%
Time:8:01 Local
Currency Services:Online order, Branch pickup, $10 fee for orders under $1000
Delivery/Collect:2-3 days
Rating:
 
: 4/5.0
Reviews:
 

Travel Money Oz logo

Travel Money Oz: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:A$0 AUD (0 BPay, Credit Card 1%)
Exchange Rate:2.7139 (3.98% from mid-rate)
To Amount:2,713.9 MYR
Total Cost:3.98%
Time:
Rate Fetched: 8:01 Local
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:2.7202 (3.76% from mid-rate)
To Amount:2,693 MYR
Total Cost:4.72%
Time:
Rate Fetched: website - Sun Sep 22 2019 07:03:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

BankSA logo

BankSA: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:2.7276 (3.5% from mid-rate)
To Amount:2,686.69 MYR
Total Cost:4.95%
Time:
Rate Fetched: website - 8:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:10
Exchange Rate:2.6867 (4.95% from mid-rate)
To Amount:2,678 MYR
Total Cost:5.26%
Currency Services:Branch
Delivery/Collect:-
 

National Australia Bank (nab) logo

National Australia Bank (nab): Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:10
Exchange Rate:2.6757 (5.34% from mid-rate)
To Amount:2,648.94 MYR
Total Cost:6.28%
Time:
Rate Fetched: website - 8:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
 

Commonwealth Bank (CBA) logo

Commonwealth Bank (CBA): Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:A$10 AUD (1%)
Exchange Rate:2.6718 (5.47% from mid-rate)
To Amount:2,645.08 MYR
Total Cost:6.42%
Time:
Rate Fetched: website - Sun Sep 22 2019 07:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 

Travelex Online AU logo

Travelex Online AU: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:2.6418 (6.53% from mid-rate)
To Amount:2,641.8 MYR
Total Cost:6.53%
Time:
Rate Fetched: Sun Sep 22 2019 08:00:14 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

St George Bank logo

St George Bank: Travel Money AUD→MYR
From Amount:1,000 AUD
Fee:A$15 AUD (Minimum fee)
Exchange Rate:2.6691 (5.57% from mid-rate)
To Amount:2,629.06 MYR
Total Cost:6.99%
Time:
Rate Fetched: website - 8:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

AUD / MYR converter & margin calculator

A$AUD
RMMYR
mid-rates

Compare how much you can save on AUD/MYR exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

Australian Dollar

Malaysian Ringgit

1 AUD 2.8265 MYR
5 AUD 14.13 MYR
10 AUD 28.27 MYR
20 AUD 56.53 MYR
50 AUD 141.33 MYR
100 AUD 282.65 MYR
250 AUD 706.63 MYR
500 AUD 1,413.25 MYR
1,000 AUD 2,826.50 MYR
2,000 AUD 5,653.00 MYR
5,000 AUD 14,132.50 MYR
10,000 AUD 28,265.00 MYR
50,000 AUD 141,325.00 MYR
100,000 AUD 282,650.00 MYR
See more

Australian Dollar

Malaysian Ringgit

0.3538 AUD 1 MYR
1.7690 AUD 5 MYR
3.5380 AUD 10 MYR
7.0760 AUD 20 MYR
17.69 AUD 50 MYR
35.38 AUD 100 MYR
88.45 AUD 250 MYR
176.90 AUD 500 MYR
353.80 AUD 1,000 MYR
707.60 AUD 2,000 MYR
1,769.00 AUD 5,000 MYR
3,538.00 AUD 10,000 MYR
17,690.00 AUD 50,000 MYR
35,380.00 AUD 100,000 MYR
See more
Country Guides (AUD & MYR)
AustraliaAustralia (AUD)Christmas IslandChristmas Island (AUD)Cocos Keeling IslandsCocos Keeling Islands (AUD)
Heard And McDonald IslandsHeard And McDonald Islands (AUD)KiribatiKiribati (AUD)MalaysiaMalaysia (MYR)
NauruNauru (AUD)Norfolk IslandNorfolk Island (AUD)TuvaluTuvalu (AUD)

AUD/MYR - Historical Trends

This table shows historic rates and trends of Australian Dollar to Malaysian Ringgit over periods upto 10 years.

PeriodChange*AUD/MYRDate
1 Day-0.7%2.845519 Sep 2019
7 Day-1.4%2.866713 Sep 2019
30 Day-0.2%2.832621 Aug 2019
3 Month-1.4%2.867722 Jun 2019
1 Year-6.3%3.015320 Sep 2018
5 Year-2.3%2.891721 Sep 2014
10 Year-7%3.039122 Sep 2009

*For period to 20-Sep 21UTC when AUD/MYR was 2.8265

You can use our AUD interactive charts to check AUDMYR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

AUD and MYR in the Markets

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

 

Australian Dollar (AUD)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

 

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 AUD/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 AUD / 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 AUD Exchange Rates