AUD to MYR mid-rate = 2.9478
Right now the AUD/MYR market mid-rate is 2.9478 and represents ideally how many Malaysian Ringgit you can get for one Australian Dollar.
You can calculate equivalent Australian Dollar to Malaysian Ringgit currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for AUD to MYR transfers or buying MYR travel money.
AUD / MYR Converter
2.9478 Malaysian Ringgit
Compare how much you can save on
AUD/MYR exchange rates for:
| MYR Country Guides |
|---|
 Malaysia |
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.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 19 Jan 2019 | 2.9478 | Latest | |
| 12 Jan 2019 | 2.9546 | 1 Week | -0.23% |
| 20 Dec 2018 | 2.9833 | 1 Month | -1.19% |
| 23 Jul 2018 | 3.0003 | 6 Months | -1.75% |
| 19 Jan 2018 | 3.1483 | 1 Year | -6.37% |
| 19 Jan 2017 | 3.3666 | 2 Years | -12.44% |
| 20 Jan 2014 | 2.9238 | 5 Years | +0.82% |
| 21 Jan 2009 | 2.3628 | 10 Years | +24.76% |
Best Rates for AUD/MYR Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
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.
Foreign Transfers - Exchange Rate Comparison
| Foreign Transfer Providers Ratings & Reviews | Receive MYR(RM) | Exchange Rate | Fee AUD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
   TorFX provide no fee transfers with good exchange rates and excellent customer service. More▾ | 28,708 MYR Value & Rating | 2.8708 | 0 | 2.61% | Bank Transfers - Online & Phone | 1-2 days | |
 OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 28,723 MYR RM15 more | 2.8723 | 0^ | 2.56% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate   Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 27,901 MYR RM807 less | 2.7959 | 15 | 5.35% | Online, Branch, Bank Transfers | 2-3 days |
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 Rate Comparison
| Travel Money Providers Ratings & Reviews | Amount MYR(RM) | Exchange Rate | Fee AUD | Total Cost | Currency Services | Delivery/Collect | Deal Links |
|---|---|---|---|---|---|---|---|
 Order over 60 currencies at best online rate and collect at over 130 locations across Australia. More▾ | 2,786.7 MYR RM15 less | 2.7867 | $0 BPay, Credit Card 1% | 5.47% | Online order, Branch pickup | 3-5 days | |
Banks - Average Rate     Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 2,764 MYR RM38 less | 2.7968 | 10 | 6.23% | Branch | - | |
 Get great travel money rates from Travelex when you order online. More▾ | 2,732.4 MYR RM70 less | 2.7324 | $0 BPay, Card 0.72%-1% | 7.31% | Online order, Branch pickup, Home delivery | 2-3 days |
Order
OrderWhy 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
- 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.
- 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. - 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
17-January-19: The Australian dollar recovered strongly following a "flash crash" in early January which saw it briefly trade at a 10-year low of 67.4 US cents.
By the time of this report, AUD/USD was back at 72 cents and roughly in line with December’s median exchange rate. The Aussie was similarly strong against other major currencies following its mini crash.
Several months ago, most analysts agreed that the Aussie was heading higher in 2019, but things have changed. In recent months, investors have become increasingly certain that no increase to Australian interest rates will be seen until 2020; there is, in fact, now a 25 percent chance of an RBA cut, per derivatives pricing. Inaction on interest rates will force capital away from Australia and towards countries where rates are higher or are expected to increase.
One senior researcher at BNP Paribas said in January that the Australian dollar would “get absolutely crucified and could suffer a 25-30 percent [long-term] fall.”
In opposition to that view, at least relative to the US dollar, was a CIBC analyst, who said that at current levels the Aussie was “very undervalued” and was his “best bet” for 2019. The analyst’s view was based upon there being a positive resolution to the US-China trade spat. The Aussie could be worth as much as 78 US cents in the second half of 2019, the analyst said.
Malaysian Ringgit (MYR) - Market news and forecasts
Like many other emerging market currencies, the ringgit struggled in 2018.
The ringgit weakened in November to a one-year low of RM4.2 per USD but had recovered slightly by the time of this report into the high RM4.17s.
Against the Singapore dollar — the currency of Malaysia’s largest trading partner — the ringgit weakened in November to 3.06 (also a one-year low at the time), before recovering to 3.043.
Among factors contributing to the ringgit’s weakness in 2018 has been political uncertainty relating to Malaysia's ruling Pakatan Harapan coalition, a 40 percent end-of-year crash in the price of oil, as well as general risk-off sentiment, driven partly by global trade tensions and most evident from a 20 percent fall in US equities prices. Higher US interest rates also make holding Malaysian currency less attractive.
“The ringgit will remain weak due to continued political uncertainty,” Fitch’s head of Asia Country Risk said in December.
For 2019 year-end, the team at TradingEconomics.com is forecasting USD/MYR and SGD/MYR at 4.19 and 3.01.
