cancel-circle Switch

AUD to MYR - Exchange Rates Guide

Australian Dollar to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

AUD/MYR exchange rate (wholesale):

1 AUD = 2.9668 MYR

Sell AUD / Buy MYR 

 
AUD to MYR chart and trends
1-DAY0.5% (2d) 14-DAY-HI (3d)
AUD/MYR at 2.9666 was trading 4.1% above AVG:2.8508 with LO:2.6131 and HI:2.9961 (90 days). There are no current rate alerts.

Australian Dollar to Malaysian Ringgit - Quick Conversions

AUD MYR
A$ 1 RM 2.9668
A$ 5 RM 14.83
A$ 10 RM 29.67
A$ 20 RM 59.34
A$ 50 RM 148.34
A$ 100 RM 296.68
A$ 250 RM 741.70
A$ 500 RM 1,483
A$ 1,000 RM 2,967
A$ 2,000 RM 5,934
A$ 5,000 RM 14,834
A$ 10,000 RM 29,668
A$ 50,000 RM 148,340
A$ 100,000 RM 296,680
More amounts
AUD MYR
A$ 0.3371 RM 1
A$ 1.6855 RM 5
A$ 3.3710 RM 10
A$ 6.7420 RM 20
A$ 16.86 RM 50
A$ 33.71 RM 100
A$ 84.28 RM 250
A$ 168.55 RM 500
A$ 337.10 RM 1,000
A$ 674.20 RM 2,000
A$ 1,686 RM 5,000
A$ 3,371 RM 10,000
A$ 16,855 RM 50,000
A$ 33,710 RM 100,000
More amounts

To calculate other AUD/MYR amounts try our home-page Convert AUD to MYR quick converter.


Comparing Retail Exchange Rates

The total cost for 'Retail' exchange rates you receive from your bank or foreign exchange provider consists of the margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
Loading
 
Loading
 
 

Malaysian Ringgit (MYR) Country Guides

MalaysiaMalaysia (MYR)

Australian Dollar and Malaysian Ringgit Forecasts

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)

Westpac have raised their forecast for the Aussie dollar to US 72 cents by the end of 2020 (from US 68 cents) and rising to US 76 cents in 2021.

In the second quarter of 2020 AUD staged a rapid recovery through the months of April, May and into June up 25% from its mid-March lows to US70c in early June. This is due more to the perceived benefits to Australia of an awakening post-pandemic Chinese economy than the political-social situtation in the US dpressing the USD.

The Aussie had been savaged in March sliding to US55 cents the lowest since 2003. Growing fears of the coronavirus outbreak moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year. During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely.

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.

How to get Best AUD to MYR Exchange Rates

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).

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.

 

What is a good AUD to MYR exchange rate?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian Dollar vs Malaysian Ringgit current value is to look the AUD/MYR historic rate and change over a range of periods.

The following table looks at the change in the AUD to MYR exchange rate over periods from the previous week back to the last 10 years.

AUD/MYR rateChangePeriod
03 Jul 2020 : 2.97770.4% ▼1 Week
10 Jun 2020 : 2.96240.1% ▲30 Days
11 Apr 2020 : 2.73628.4% ▲90 Days
11 Jul 2019 : 2.87083.3% ▲1 Year
12 Jul 2015 : 2.81865.2% ▲5 Years
13 Jul 2010 : 2.81655.3% ▲10 Years
AUD/MYR 10 year historic rates & changes to 10-Jul-2020 : 2.9647
 

When is the best time to exchange AUD to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts