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  1. Exchange Rates
  2. Australian dollar (AUD)
  3. Malaysian ringgit (MYR)

Convert AUD to MYR at Best Exchange Rates

1 Australian dollar equals
Malaysian ringgit 1AUD=MYR

There are three simple steps you need to take in order to get a good AUD-MYR exchange rate:

  1. Know the latest AUD to MYR market mid-rate - this is your starting point!
  2. Compare your Bank and licensed FX provider transaction costs, including the exchange rate margins as well as the various types of fees. These margins and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News and Forecasts for both the Australian dollar and Malaysian ringgit currencies, if available.

1. Market AUD/MYR mid-rate

Right now the AUD/MYR market rate is and represents how many Malaysian ringgit you can get for one Australian dollar.

Calculate equivalent currency amounts with this AUD to MYR currency converter then select the transaction type to compare the best exchange rates available.


Currency Converter AUD to MYR

$
RM
1 AUD equals
MYR 1AUD=MYR

See how much you can save on exchange rates for :

Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
AUD-MYR 3 Month chart
AUD-MYR 3 Month chart

Australian dollar to Malaysian ringgit (AUD-MYR) - 10 Year History

DateExchange RatePeriodChange
26 May 20183.0076Latest
19 May 20182.98381 Week+0.8%
26 Apr 20182.96001 Month+1.61%
27 Nov 20173.12606 Months-3.79%
26 May 20173.17941 Year-5.4%
26 May 20162.94132 Years+2.25%
27 May 20132.92065 Years+2.98%
28 May 20083.109210 Years-3.27%

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.

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

2. Transaction Costs - Margins and Fees for AUD/MYR Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

AUD to MYR Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from AUD to MYR.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending AUD 10,000 to MYR

OFX logo OFX
1AUD=2.9319MYR
RM29,319 MYR (2.49%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: RM29,319 MYR
Exchange Rate: 2.9319
(Inverse 1MYR=AUD 0.3411)
Fees: AUD 0
Total Cost : 2.49% (from mid-rate: 3.0068)
This is the amount of money that could be received by your transfer at rate AUD/MYR=2.9319 and inclusive of the fee of AUD 0.
Rate timestamp : Sun May 27 2018 07:02:02 GMT+0000 (UTC)
BankSA logo BankSA
1AUD=2.8414MYR
RM28,357 MYR (5.69%)
Rate available to BankSA Online Banking customers only.
 
Price Details
Receive: RM28,357 MYR
Exchange Rate: 2.8414
(Inverse 1MYR=AUD 0.3519)
Fees: AUD 20.01
Total Cost : 5.69% (from mid-rate: 3.0068)
Receive MYR RM962 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/MYR=2.8414 and inclusive of the fee of AUD 20.01.
Bank Rates - Average
NAB logo  BankSA logo 
1AUD=2.8221MYR
RM28,161 MYR (6.34%)
This is the average AUD to MYR International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: RM28,161 MYR
Exchange Rate: 2.9055
(Inverse 1MYR=AUD 0.3442)
Fees: AUD 15
Total Cost : 6.34% (from mid-rate: 3.0068)
Receive MYR RM1,158 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/MYR=2.8221 and inclusive of the fee of AUD 15.
NAB logo NAB
1AUD=2.8027MYR
RM27,965 MYR (6.99%)
Rate available to National Australia Bank online banking customers only.
Price Details
Receive: RM27,965 MYR
Exchange Rate: 2.8027
(Inverse 1MYR=AUD 0.3568)
Fees: AUD 22
Total Cost : 6.99% (from mid-rate: 3.0068)
Receive MYR RM1,354 less than with  OFX logo OFX
This is the amount of money that could be received by your transfer at rate AUD/MYR=2.8027 and inclusive of the fee of AUD 22.

Travel Money AUD to MYR - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.

Travel Money Exchange Rates Compared

Buying MYR Cash with AUD 2,000

Travelex Online logo Travelex Online
1AUD=2.7813MYR
RM5562.60 MYR (7.5%)
Click here to order Travel Money and the Pre-paid Cash Passport with $0 commission and great exchange rates only available online. Home delivery or pickup your cash at your local Travelex store, Post Office, HSBC branch or conveniently at the airport on departure day.
* Orders paid for via BPAY incur no additional fees. Card (debit or credit) will incur a card surcharge; MasterCard (debit) 0.77%, MasterCard (credit) 0.94%, Visa (debit) 0.72% and Visa (credit) 1%. In addition, for Credit Card purchases, your card issuer may charge a separate cash advance fee. For Australia post collection and home delivery orders under $AUD1,000 a $10 collection fee applies.
Price Details
Receive: RM5562.60 MYR
Exchange Rate: 2.7813
(Inverse 1MYR=AUD 0.3595)
Fees: 0
Total Cost : 7.5% (from mid-rate: 3.0068)
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.7813 and inclusive of the fee of 0.
Rate timestamp : Sun May 27 2018 07:00:04 GMT+0000 (UTC)
ANZ Bank logo ANZ Bank
1AUD=2.8526MYR
RM5648.15 MYR (6.08%)
Foreign currency cash is charged at 1% of the AUD equivalent value for each currency purchased, with a minimum charge of AUD 8 per currency.
Price Details
Receive: RM5648.15 MYR
Exchange Rate: 2.8526
(Inverse 1MYR=AUD 0.3506)
Fees: AUD 20 (1%)
Total Cost : 6.08% (from mid-rate: 3.0068)
Receive MYR RM86 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.8526 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Sun May 27 2018 07:03:05 GMT+0000 (UTC)
NAB logo NAB
1AUD=2.7285MYR
RM5429.72 MYR (9.71%)
The NAB in-branch travel money service is provided by Travelex.
Price Details
Receive: RM5429.72 MYR
Exchange Rate: 2.7285
(Inverse 1MYR=AUD 0.3665)
Fees: AUD 10
Total Cost : 9.71% (from mid-rate: 3.0068)
Receive MYR RM133 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.7285 and inclusive of the fee of AUD 10.
Commonwealth Bank logo Commonwealth Bank
1AUD=2.7118MYR
RM5369.36 MYR (10.71%)
Price Details
Receive: RM5369.36 MYR
Exchange Rate: 2.7118
(Inverse 1MYR=AUD 0.3688)
Fees: AUD 20 (1%)
Total Cost : 10.71% (from mid-rate: 3.0068)
Receive MYR RM193 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.7118 and inclusive of the fee of AUD 20 (1%).
Rate timestamp : Sun May 27 2018 07:02:01 GMT+0000 (UTC)
Westpac logo Westpac
1AUD=2.7113MYR
RM5368.37 MYR (10.73%)
Price Details
Receive: RM5368.37 MYR
Exchange Rate: 2.7113
(Inverse 1MYR=AUD 0.3688)
Fees: AUD 20 (1%)
Total Cost : 10.73% (from mid-rate: 3.0068)
Receive MYR RM194 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.7113 and inclusive of the fee of AUD 20 (1%).
St George Bank logo St George Bank
1AUD=2.7091MYR
RM5364.02 MYR (10.8%)
Price Details
Receive: RM5364.02 MYR
Exchange Rate: 2.7091
(Inverse 1MYR=AUD 0.3691)
Fees: AUD 20 (1%)
Total Cost : 10.8% (from mid-rate: 3.0068)
Receive MYR RM199 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.7091 and inclusive of the fee of AUD 20 (1%).
BankSA logo BankSA
1AUD=2.8414MYR
RM5625.97 MYR (6.45%)
 
Price Details
Receive: RM5625.97 MYR
Exchange Rate: 2.8414
(Inverse 1MYR=AUD 0.3519)
Fees: AUD 20 (1%)
Total Cost : 6.45% (from mid-rate: 3.0068)
Receive MYR RM63 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.8414 and inclusive of the fee of AUD 20 (1%).
Bank Rates - Average
ANZ Bank logo  Commonwealth Bank logo  St George Bank logo  Westpac logo  NAB logo  BankSA logo 
1AUD=2.7591MYR
RM5467.60 MYR (9.08%)
This is the average AUD to MYR Buy Foreign Cash exchange rate from multiple banks, exchange kiosks and post-offices, available over the counter and via the internet.

 
Price Details
Receive: RM5467.60 MYR
Exchange Rate: 2.7396
(Inverse 1MYR=AUD 0.3650)
Fees: AUD 10
Total Cost : 9.08% (from mid-rate: 3.0068)
Receive MYR RM95 less than with  Travelex Online logo Travelex Online
Amount of money that could be received by your currency exchange at rate AUD/MYR=2.7591 and inclusive of the fee of AUD 10.

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 comparison calculators make shopping around easy and help you calculate how much you can save.

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

When you look up the current Australian dollar to Malaysian ringgit exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

AUD to MYR mid-rate on google

AUD to MYR mid-rate on google search

Getting a great AUD to MYR mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use our AUD to MYR currency converter to calculate equivalent amounts in each currency using the latest mid-market exchange rates. Then choose your transaction type for specific Australian dollar cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for Australian dollar and Malaysian ringgit

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another 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

The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.

In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.

Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.

Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.

In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.

Malaysian ringgit (MYR) - Market news and forecasts

The ringgit was hammered in the second week of May after a shock election result which saw the incumbent Barisan Nasional coalition lose power in Malaysia for the first time in sixty years.

Investors generally despise political drama, especially in emerging market economies, and consequently there were election-induced earthquakes in Malaysian financial markets. Investors were concerned that the new government would roll back financial reforms that have boosted economic growth.

The ringgit, which had averaged 3.9 per US dollar in 2018 and which rarely moves more than 0.5 percent in a day, fell after the election by as much as 5 percent to 4.16 – its weakest level in six months – before recovering to 4.05 at the time of this report.

Malaysia’s new prime minister, Mahathir Mohamad, said following his victory that he would try to make the ringgit as stable as possible.