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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/Card transactions as shown below.

 

1 AUD = 2.7852 MYR

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AUD to MYR - Trading Range (90 Day)
14-DAY HIGH (6d)
AUD/MYR at 2.7787 is trading 1.4% below the 90-day average 2.8192 with a range 2.7403 to 2.8805. There are no current rate alerts.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Australian Dollar to Malaysian Ringgit

AUD

MYR

A$ 1
RM 2.7852
A$ 5
RM 13.93
A$ 10
RM 27.85
A$ 20
RM 55.70
A$ 50
RM 139.26
A$ 100
RM 278.52
A$ 250
RM 696.30
A$ 500
RM 1,393
A$ 1,000
RM 2,785
A$ 2,000
RM 5,570
A$ 5,000
RM 13,926
A$ 10,000
RM 27,852
A$ 50,000
RM 139,260
A$ 100,000
RM 278,520
More amounts

AUD

MYR

A$ 0.3590
RM 1
A$ 1.7950
RM 5
A$ 3.5900
RM 10
A$ 7.1800
RM 20
A$ 17.95
RM 50
A$ 35.90
RM 100
A$ 89.75
RM 250
A$ 179.50
RM 500
A$ 359.00
RM 1,000
A$ 718.00
RM 2,000
A$ 1,795
RM 5,000
A$ 3,590
RM 10,000
A$ 17,950
RM 50,000
A$ 35,900
RM 100,000
More amounts

To calculate specific AUD/MYR amounts use our Convert AUD to MYR quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Providers Receive MYR(RM)Exchange RateFee AUDTotal CostDeal Links
TorFX logo
27,060 RM
Best Overall
2.70602.64%
OFX (OzForex) logo
27,006 RM
RM54 less
2.70060^2.84%
TransferWise logo
27,625 RM
RM565 more
2.7767A$510.61%
BankSA International Money Transfers
BankSA logo
26,768 RM
RM292 less
2.682220.013.69%
St George Bank logo
26,741 RM
RM319 less
2.6795203.79%
Banks - Average Rate
St George Bank logo National Australia Bank (nab) logo BankSA logo
26,427 RM
RM633 less
2.6482154.92%
National Australia Bank (nab) logo
25,773 RM
RM1,287 less
2.583227.27%
 
TorFX logo
TorFX: Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:0
Exchange Rate:2.7060 (2.64% from mid-rate)
To Amount (MYR)27,060 RM
Total Cost:2.64%
Time:18:01 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:2.7006 (2.84% from mid-rate)
To Amount (MYR)27,006 RM
Total Cost:2.84%
Difference:
RM54 MYR less than using TorFX
Time:
Rate Fetched: Tue Feb 18 2020 17:01:34 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:A$51 AUD (0.5% + A$1)
Exchange Rate:2.7767 (0.1% from mid-rate)
To Amount (MYR)27,625 RM
Total Cost:0.61%
Difference:
RM565 MYR more than using TorFX
Time:18:01 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
BankSA logo
BankSA: Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:20.01
Exchange Rate:2.6822 (3.5% from mid-rate)
To Amount (MYR)26,768 RM
Total Cost:3.69%
Difference:
RM292 MYR less than using TorFX
Time:
Rate Fetched: website - 18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
St George Bank logo
St George Bank: Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:20
Exchange Rate:2.6795 (3.6% from mid-rate)
To Amount (MYR)26,741 RM
Total Cost:3.79%
Difference:
RM319 MYR less than using TorFX
Time:
Rate Fetched: website - 18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 1/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer AUD→MYR
From Amount (AUD)A$10,000
Fee:15
Exchange Rate:2.6777 (3.66% from mid-rate)
To Amount (MYR)26,427 RM
Total Cost:4.92%
Difference:
RM633 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:2.5830 (7.07% from mid-rate)
To Amount (MYR)25,773 RM
Total Cost:7.27%
Difference:
RM1,287 MYR less than using TorFX
Time:
Rate Fetched: website - 18:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2.1/5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates
 

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 Providers Amount MYR(RM)Exchange RateFee AUDTotal CostDeal Links
Australia Post logo
2,663.4 RM
Best Overall
2.6634$0 BPay, Card 0.72%-1%4.18%
BankSA Foreign Currency
BankSA logo
2,641.97 RM
RM21 less
2.6822A$154.95%
St George Bank logo
2,639.31 RM
RM24 less
2.6795A$155.04%
ANZ Bank logo
2,632.71 RM
RM31 less
2.6593A$105.28%
Banks - Average Rate
Westpac logo ANZ Bank logo Commonwealth Bank (CBA) logo St George Bank logo BankSA logo
2,622 RM
RM41 less
2.653705.67%
Westpac logo
2,610.43 RM
RM53 less
2.6368A$106.08%
Travelex Online AU logo
2,591.6 RM
RM72 less
2.5916$0 BPay, Card 0.72%-1%6.76%
Commonwealth Bank (CBA) logo
2,584.69 RM
RM79 less
2.6108A$107.01%
 
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:2.6634 (4.18% from mid-rate)
To Amount (MYR)2,663.4 RM
Total Cost:4.18%
Time:18:01 Local
Currency Services:Online order, Branch pickup, $10 fee for orders under $1000
Delivery/Collect:2-3 days
Rating:
 
: 4/5.0
Reviews:
 
BankSA logo
BankSA: Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:A$15 AUD (Minimum fee)
Exchange Rate:2.6822 (3.5% from mid-rate)
To Amount (MYR)2,641.97 RM
Total Cost:4.95%
Time:
Rate Fetched: website - 18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /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:2.6795 (3.6% from mid-rate)
To Amount (MYR)2,639.31 RM
Total Cost:5.04%
Time:
Rate Fetched: website - 18:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1/5.0
Reviews:
 
ANZ Bank logo
ANZ Bank: Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:2.6593 (4.32% from mid-rate)
To Amount (MYR)2,632.71 RM
Total Cost:5.28%
Time:
Rate Fetched: website - Tue Feb 18 2020 17:03:04 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:
Exchange Rate:2.6420 (4.95% from mid-rate)
To Amount (MYR)2,622 RM
Total Cost:5.67%
Currency Services:Branch
Delivery/Collect:-
 
Westpac logo
Westpac: Travel Money AUD→MYR
From Amount (AUD)A$1,000
Fee:A$10 AUD (1%)
Exchange Rate:2.6368 (5.13% from mid-rate)
To Amount (MYR)2,610.43 RM
Total Cost:6.08%
Time:
Rate Fetched: website - Mon Feb 17 2020 21:30:05 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 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:2.5916 (6.76% from mid-rate)
To Amount (MYR)2,591.6 RM
Total Cost:6.76%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
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:2.6108 (6.07% from mid-rate)
To Amount (MYR)2,584.69 RM
Total Cost:7.01%
Time:
Rate Fetched: website - Tue Feb 18 2020 17:02:02 GMT+0000 (UTC)
Currency Services:Branch
Delivery/Collect:-
Rating:
 
: 1.2/5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates
 

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 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)

The Australian dollar has dropped over 4 percent already this year sliding below US67 cents down to an eleven-year low.

Growing fears of the coronavirus outbreak has 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 a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the AUD to MYR exchange rate to the present day for periods going back upto 10 years.

PeriodChange*AUD/MYRDate
1 Day-0.1%2.781117 Feb 2020
7 Day+0.1%2.776611 Feb 2020
30 Day-0.4%2.790519 Jan 2020
3 Month-1.9%2.831620 Nov 2019
1 Year-4.5%2.909618 Feb 2019
5 Year-1.7%2.827819 Feb 2015
10 Year-8.9%3.050120 Feb 2010

*For period to 18-Feb 21UTC when AUD/MYR was 2.7787

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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all AUD Exchange Rates