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AUD to MYR - Compare Exchange Rates

Australian Dollar to Malaysian Ringgit - Convert Compare Save

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

 

Compare AUD/MYR Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for AUD/MYR International Money Transfers. Costs are calculated against the amount when AUD is converted to MYR at mid-rate.

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Foreign Transfer Providers
Ratings & Reviews
Receive MYR(RM)Exchange RateFee AUDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX (OzForex) logo
28,077 MYR
Best Overall
2.80770^2.46%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
 
TorFX logo
28,049 MYR
28 MYR
2.804902.56%Bank Transfers - Online & Phone1-2 days
BankSA International Money Transfers
BankSA logo
27,722 MYR
355 MYR
2.777820.013.69%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
National Australia Bank (nab) logo BankSA logo
27,259 MYR
818 MYR
2.7316155.3%Online, Branch, Bank Transfers2-3 days
 
National Australia Bank (nab) logo
26,795 MYR
1,282 MYR
2.6854226.91%Online, Branch, Bank Transfers2-3 days
OFX (OzForex): Foreign Transfer AUD→MYR
AUD amount:$10,000 AUD
Fee:0^ - No fees for BestExchangeRates users (normally $15 for transfers over $10K)
Exchange Rate:2.8077 (2.46% from mid-rate)
MYR amount:28,077 MYR
Total Cost:2.46%
Time:
Rate Fetched: Sat Mar 23 2019 06:01:32 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
TorFX: Foreign Transfer AUD→MYR
AUD amount:$10,000 AUD
Fee:0
Exchange Rate:2.8049 (2.56% from mid-rate)
MYR amount:28,049 MYR
Total Cost:2.56%
Difference:
28 MYR less than using OFX (OzForex)
Time:6:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
BankSA: Foreign Transfer AUD→MYR
AUD amount:$10,000 AUD
Fee:20.01
Exchange Rate:2.7778 (3.5% from mid-rate)
MYR amount:27,722 MYR
Total Cost:3.69%
Difference:
355 MYR less than using OFX (OzForex)
Time:
Rate Fetched: website - 6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer AUD→MYR
AUD amount:$10,000 AUD
Fee:15
Exchange Rate:2.7838 (3.29% from mid-rate)
MYR amount:27,259 MYR
Total Cost:5.3%
Difference:
818 MYR less than using OFX (OzForex)
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
National Australia Bank (nab): Foreign Transfer AUD→MYR
AUD amount:$10,000 AUD
Fee:22
Exchange Rate:2.6854 (6.71% from mid-rate)
MYR amount:26,795 MYR
Total Cost:6.91%
Difference:
1,282 MYR less than using OFX (OzForex)
Time:
Rate Fetched: website - 6:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 

The below table shows a snapshot 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.

Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Travel Money Providers
Ratings & Reviews
Amount MYR(RM)Exchange RateFee AUDTotal CostCurrency ServicesDelivery/CollectDeal Links
 
Westpac logo
2,763.68 MYR
2.7916$103.99%Branch-
BankSA Foreign Currency
BankSA logo
2,736.13 MYR
28 MYR
2.7778$154.95%Branch-
 
Travel Money Oz logo
2,710.5 MYR
53 MYR
2.7105$0 BPay, Credit Card 1%5.84%Online order, Branch pickup3-5 days
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo National Australia Bank (nab) logo BankSA logo
2,709 MYR
55 MYR
2.7409105.89%Branch-
 
ANZ Bank logo
2,702.01 MYR
62 MYR
2.7293$106.13%Branch-
 
National Australia Bank (nab) logo
2,697.75 MYR
66 MYR
2.725106.28%Branch-
 
Commonwealth Bank (CBA) logo
2,685.08 MYR
79 MYR
2.7122$106.72%Branch-
 
St George Bank logo
2,668.86 MYR
95 MYR
2.7095$157.28%Branch-
 
Travelex Online AU logo
2,663.6 MYR
100 MYR
2.6636$0 BPay, Card 0.72%-1%7.47%Online order, Branch pickup, Home delivery2-3 days
Westpac: Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:2.7916 (3.02% from mid-rate)
MYR amount:2,763.68 MYR
Total Cost:3.99%
Time:
Rate Fetched: website - Sat Mar 23 2019 06:04:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2/5.0
Reviews:
BankSA: Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:2.7778 (3.5% from mid-rate)
MYR amount:2,736.13 MYR
Total Cost:4.95%
Time:
Rate Fetched: website - 6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travel Money Oz: Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:$0 BPay, Credit Card 1%
Exchange Rate:2.7105 (5.84% from mid-rate)
MYR amount:2,710.5 MYR
Total Cost:5.84%
Time:
Rate Fetched: Sat Mar 23 2019 04:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup
Delivery/Collect:3-5 days
Rating:
 
: 4.2/5.0
Reviews:
 

Banks - Average Rate

Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:2.7361 (4.95% from mid-rate)
MYR amount:2,709 MYR
Total Cost:5.89%
Currency Services:Branch
Delivery/Collect:-
ANZ Bank: Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:2.7293 (5.18% from mid-rate)
MYR amount:2,702.01 MYR
Total Cost:6.13%
Time:
Rate Fetched: website - Sat Mar 23 2019 06:03:04 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 3/5.0
Reviews:
National Australia Bank (nab): Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:10
Exchange Rate:2.7250 (5.33% from mid-rate)
MYR amount:2,697.75 MYR
Total Cost:6.28%
Time:
Rate Fetched: website - 6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 2.1/5.0
Reviews:
Commonwealth Bank (CBA): Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:$10 AUD (1%)
Exchange Rate:2.7122 (5.78% from mid-rate)
MYR amount:2,685.08 MYR
Total Cost:6.72%
Time:
Rate Fetched: website - Sat Mar 23 2019 06:02:01 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
St George Bank: Travel Money AUD→MYR
AUD amount:$1,000 AUD
Fee:$15 AUD (Minimum fee)
Exchange Rate:2.7095 (5.87% from mid-rate)
MYR amount:2,668.86 MYR
Total Cost:7.28%
Time:
Rate Fetched: website - 6:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
Travelex Online AU: Travel Money AUD→MYR
AUD 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:2.6636 (7.47% from mid-rate)
MYR amount:2,663.6 MYR
Total Cost:7.47%
Time:
Rate Fetched: Sat Mar 23 2019 06:00:05 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 

AUD to MYR interbank exchange rate = 2.8785

Right now the AUD/MYR interbank exchange rate is 2.8785. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Malaysian Ringgit to Australian Dollar.

This AUD/MYR Converter calculates equivalent Australian Dollar to Malaysian Ringgit amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

AUD / MYR converter & margin calculator


$AUD
RMMYR
Mid-rates:
 

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

Foreign Transfers Travel Money

1 Week AUD to MYR
Loading AUD/MYR rates

Australian Dollar

Malaysian Ringgit

1 AUD 2.8785 MYR
5 AUD 14.39 MYR
10 AUD 28.79 MYR
20 AUD 57.57 MYR
50 AUD 143.93 MYR
100 AUD 287.85 MYR
250 AUD 719.63 MYR
500 AUD 1,439.25 MYR
1,000 AUD 2,878.50 MYR
2,000 AUD 5,757.00 MYR
5,000 AUD 14,392.50 MYR
10,000 AUD 28,785.00 MYR
50,000 AUD 143,925.00 MYR
100,000 AUD 287,850.00 MYR
See more

Australian Dollar

Malaysian Ringgit

0.3474 AUD 1 MYR
1.7370 AUD 5 MYR
3.4740 AUD 10 MYR
6.9480 AUD 20 MYR
17.37 AUD 50 MYR
34.74 AUD 100 MYR
86.85 AUD 250 MYR
173.70 AUD 500 MYR
347.40 AUD 1,000 MYR
694.80 AUD 2,000 MYR
1,737.00 AUD 5,000 MYR
3,474.00 AUD 10,000 MYR
17,370.00 AUD 50,000 MYR
34,740.00 AUD 100,000 MYR
See more

MYR Country Guides
MalaysiaMalaysia

Australian Dollar to Malaysian Ringgit (AUD-MYR) - 10 Year History

The below table shows the historic variation in the AUD/MYR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of AUD versus other currencies : AUD historical charts.

DateExchange RatePeriodChange
22 Mar 20192.8884Latest
15 Mar 20192.90151 Week-0.45%
20 Feb 20192.91511 Month-0.92%
23 Sep 20183.00506 Months-3.88%
22 Mar 20183.01161 Year-4.09%
22 Mar 20173.39442 Years-14.91%
23 Mar 20143.00945 Years-4.02%
24 Mar 20092.531910 Years+14.08%

Why can't I just get the AUD/MYR market rate I see on Google or in the Media?

The AUD/MYR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the AUD / MYR was traded (bought or sold) in the international markets.

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.

The closer your final exchange rate is to the market AUD/MYR midrate the better deal you are getting.

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

The three things you need in order to get a good AUD to MYR exchange rate

  1. Know the latest AUD/MYR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
  2. Compare your Bank's transaction costs to several licensed FX providers, remember to compare the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the and currencies, if available.

Currency news and forecasts for Australian Dollar and Malaysian Ringgit

Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.

So it follows that if you are determining the best time to transact, in this case the AUD vs MYR, you should pay attention to both Australian Dollar and Malaysian Ringgit news and forecasts.

Australian Dollar (AUD) - Market news and forecasts

Following a flash crash in early January, which saw the Australian dollar briefly trade at a 10-year low of $0.674, the Aussie recovered to $0.73, but then, as it had done before the flash crash, it commenced with a slow and steady decline, and it was back at $0.705 in mid-March and was predicted to fall further.

In February, HSBC predicted a year-end AUD/USD rate of $0.66. In March, Westpac and JP Morgan were slightly more upbeat and argued for $0.68.

Fuelling lower exchange rate forecasts is the Australian economic story, for which major themes include a housing market slump, Chinese growth and the US-China trade spat. The RBA slashed growth forecasts in February and markets are now pricing in 1-2 interest rate cuts this year.

Another Aussie exchange rate worth mentioning is AUD/GBP, which sank in mid-March to its lowest level in nearly 3 years, at just £0.53. The Australian dollar has been unable to compete with the pound of late, since the latter benefits every time the British government fails to make a decision on how to deliver Brexit (every time Brexit appears less likely or to be delayed).

Malaysian Ringgit (MYR) - Market news and forecasts

26-February-2019: The period between April and November 2018 was a tough one for the ringgit, as it lost value against the dollar on a near-weekly basis. Fortunately, losses in that period only amounted to 8 percent and only took the currency to a 1-year low of RM4.2 — it could have been much worse.

Since then, the ringgit has turned a corner; in late February it was trading at RM4.06, near 6-month highs.

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. There are positive factors though.

"With good GDP data and strong economic fundamentals coupled with positive external factors, I believe the ringgit can go higher to RM4.02 [per USD]," a dealer said in February.

The team at TradingEconomics.com believes the ringgit weakens to RM4.14 by year-end.