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AUD to 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 update & alerts

1 AUD = 2.8296 MYR

AUD to MYR - Trading Range (90 Day)
30-DAY LOW (7d)
90-DAY TREND: At 2.8287 AUD/MYR is trading 0.5% below the average 2.8441 with a range 2.8125 to 2.8857. There are no current alerts. Updated: 08:01-AEDT 21:01-GMT 16:01-EST

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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. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our AUD/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 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
RM27,454
Best Overall
2.745402.97%
OFX (OzForex) logo
RM27,482
RM28 more
2.74820^2.87%
XE logo
RM28,129
RM675 more
2.812900.58%
BankSA International Money Transfers
BankSA logo
RM27,248
RM206 less
2.730320.013.69%
Banks - Average Rate
National Australia Bank (nab) logo BankSA logo
RM26,737
RM717 less
2.6794155.5%
National Australia Bank (nab) logo
RM26,226
RM1,228 less
2.6284227.31%
 

TorFX logo

TorFX: Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:2.7454 (2.97% from mid-rate)
To Amount (MYR) RM27,454
Total Cost:2.97%
Time:4:01 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 (AUD)A$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:2.7482 (2.87% from mid-rate)
To Amount (MYR) RM27,482
Total Cost:2.87%
Difference:
RM28 MYR more than using TorFX
Time:
Rate Fetched: Fri Nov 22 2019 03:01:32 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 (AUD)A$10,000
Fee:0
Exchange Rate:2.8129 (0.58% from mid-rate)
To Amount (MYR) RM28,129
Total Cost:0.58%
Difference:
RM675 MYR more than using TorFX
Time:4:01 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 (AUD)A$10,000
Fee:20.01
Exchange Rate:2.7303 (3.5% from mid-rate)
To Amount (MYR) RM27,248
Total Cost:3.69%
Difference:
RM206 MYR less than using TorFX
Time:
Rate Fetched: website - 4:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:15
Exchange Rate:2.7248 (3.69% from mid-rate)
To Amount (MYR) RM26,737
Total Cost:5.5%
Difference:
RM717 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 (AUD)A$10,000
Fee:22
Exchange Rate:2.6284 (7.1% from mid-rate)
To Amount (MYR) RM26,226
Total Cost:7.31%
Difference:
RM1,228 MYR less than using TorFX
Time:
Rate Fetched: website - 4:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 11/22/2019 - 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
RM2,763.68
Compare
2.7916A$102.32%
Australia Post logo
RM2,730.3
RM33 less
2.7303$0 BPay, Card 0.72%-1%3.5%
Travel Money Oz logo
RM2,716.6
RM47 less
2.7166A$03.98%
BankSA Foreign Currency
BankSA logo
RM2,689.35
RM74 less
2.7303A$154.95%
ANZ Bank logo
RM2,674.88
RM89 less
2.7019A$105.46%
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo BankSA logo
RM2,673
RM91 less
2.7041105.54%
National Australia Bank (nab) logo
RM2,651.62
RM112 less
2.6784106.28%
Commonwealth Bank (CBA) logo
RM2,635.88
RM128 less
2.6625A$106.84%
Travelex Online AU logo
RM2,631.1
RM133 less
2.6311$0 BPay, Card 0.72%-1%7.01%
St George Bank logo
RM2,619.9
RM144 less
2.6598A$157.4%
 

Westpac logo

Westpac: Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:2.7916 (1.33% from mid-rate)
To Amount (MYR) RM2,763.68
Total Cost:2.32%
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 (AUD)A$1,000
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:2.7303 (3.5% from mid-rate)
To Amount (MYR) RM2,730.3
Total Cost:3.5%
Time:4:01 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 (AUD)A$1,000
Fee:A$0 AUD (0 BPay, Credit Card 1%)
Exchange Rate:2.7166 (3.98% from mid-rate)
To Amount (MYR) RM2,716.6
Total Cost:3.98%
Time:
Rate Fetched: 4:01 Local
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
 

BankSA logo

BankSA: Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:2.7303 (3.5% from mid-rate)
To Amount (MYR) RM2,689.35
Total Cost:4.95%
Time:
Rate Fetched: website - 4:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

ANZ Bank logo

ANZ Bank: Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:2.7019 (4.5% from mid-rate)
To Amount (MYR) RM2,674.88
Total Cost:5.46%
Time:
Rate Fetched: website - Fri Nov 22 2019 03:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:2.6893 (4.95% from mid-rate)
To Amount (MYR) RM2,673
Total Cost:5.54%
Currency Services:Branch
Delivery/Collect:-
 

National Australia Bank (nab) logo

National Australia Bank (nab): Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:10
Exchange Rate:2.6784 (5.33% from mid-rate)
To Amount (MYR) RM2,651.62
Total Cost:6.28%
Time:
Rate Fetched: website - 4:01 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 (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:2.6625 (5.9% from mid-rate)
To Amount (MYR) RM2,635.88
Total Cost:6.84%
Time:
Rate Fetched: website - Fri Nov 22 2019 03:02:02 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 (AUD)A$1,000
Fee:$0 BPAY, 0.77% MasterCard debit, 0.94% MasterCard credit, 0.72% Visa debit and 1% Visa credit
Exchange Rate:2.6311 (7.01% from mid-rate)
To Amount (MYR) RM2,631.1
Total Cost:7.01%
Time:
Rate Fetched: Fri Nov 22 2019 04:00:04 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 (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:2.6598 (5.99% from mid-rate)
To Amount (MYR) RM2,619.9
Total Cost:7.4%
Time:
Rate Fetched: website - 4:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
Snapshot 11/22/2019 - See full table

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)

At the end of October the AUD surged to a three month high against the US dollar following the third rate cut in a year by the US Federal Reserve. The gains were mainly due to the fall in the US dollar after the market sensed that US rates are more likely to rise now than fall further.

The RBA also added to the positive sentiment with an optimistic assessment of easing risks from the US-China trade war and Brexit. Accordingly markets are pulling back from bets that the cash rate will drop to 0.5 per cent and the possible start of quantitative easing.

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