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.
AUD-MYR Foreign Transfers - Compare
| Foreign Transfer Providers Ratings & Reviews | Receive MYR(RM) | Exchange Rate | Fee AUD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
|---|---|---|---|---|---|---|---|
  OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More info▾ | 28,077 MYR Best Overall | 2.8077 | 0^ | 2.46% | Bank Transfers - Online & Phone, Foreign Currency Accounts | 1-2 days | |
 TorFX provide no fee transfers with good exchange rates and excellent customer service. More info▾ | 28,049 MYR 28 MYR | 2.8049 | 0 | 2.56% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate   Average rate from selected banks. Click icons for each bank's costs. More info▾ | 27,259 MYR 818 MYR | 2.7316 | 15 | 5.3% | Online, Branch, Bank Transfers | 2-3 days |
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.
MYR Travel Money - Compare
| 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 info▾ | 2,710.5 MYR 53 MYR | 2.7105 | $0 BPay, Credit Card 1% | 5.84% | Online order, Branch pickup | 3-5 days | |
Banks - Average Rate     Average rate from selected banks. Click icons for each bank's costs. More info▾ | 2,709 MYR 55 MYR | 2.7409 | 10 | 5.89% | Branch | - | |
 Get great travel money rates from Travelex when you order online. More info▾ | 2,663.6 MYR 100 MYR | 2.6636 | $0 BPay, Card 0.72%-1% | 7.47% | Online order, Branch pickup, Home delivery | 2-3 days |
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
Compare how much you can save on
AUD/MYR exchange rates for:
Australian Dollar |
Malaysian Ringgit |
|---|---|
| 10 AUD | 28.79 MYR |
| 100 AUD | 287.85 MYR |
| 1,000 AUD | 2,878.50 MYR |
| 2,000 AUD | 5,757.00 MYR |
| 10,000 AUD | 28,785.00 MYR |
| See more | |
Australian Dollar |
Malaysian Ringgit |
|---|---|
| 3.4740 AUD | 10 MYR |
| 34.74 AUD | 100 MYR |
| 347.40 AUD | 1,000 MYR |
| 694.80 AUD | 2,000 MYR |
| 3,474.00 AUD | 10,000 MYR |
| See more | |
| 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 |
|---|---|---|---|
| 22 Mar 2019 | 2.8884 | Latest | |
| 15 Mar 2019 | 2.9015 | 1 Week | -0.45% |
| 20 Feb 2019 | 2.9151 | 1 Month | -0.92% |
| 23 Sep 2018 | 3.0050 | 6 Months | -3.88% |
| 22 Mar 2018 | 3.0116 | 1 Year | -4.09% |
| 22 Mar 2017 | 3.3944 | 2 Years | -14.91% |
| 23 Mar 2014 | 3.0094 | 5 Years | -4.02% |
| 24 Mar 2009 | 2.5319 | 10 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
- 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
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.
