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AUD to MYR - Best Rates Guide

We review Australian Dollar to Malaysian Ringgit latest & historic FX rates along with recent AUD/MYR Trend and Alerts.

 

Latest wholesale rate

1 AUD = 2.9981 MYR
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Australian Dollar to Malaysian Ringgit
- Trend & Alerts

AUDMYR at 2.9952 is a little above its 90-DAY average, range 2.9171-3.054.
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AUD to MYR chart

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Comparing AUD to MYR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale AUD/MYR rate (aka interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for AUD to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Australian Dollar to Malaysian Ringgit - Quick Conversions

AUD MYR
A$ 1 RM 2.9981
A$ 5 RM 14.99
A$ 10 RM 29.98
A$ 20 RM 59.96
A$ 50 RM 149.91
A$ 100 RM 299.81
A$ 250 RM 749.53
A$ 500 RM 1,499
A$ 1,000 RM 2,998
A$ 2,000 RM 5,996
A$ 5,000 RM 14,991
A$ 10,000 RM 29,981
A$ 50,000 RM 149,905
A$ 100,000 RM 299,810
More amounts
AUD MYR
A$ 0.3335 RM 1
A$ 1.6675 RM 5
A$ 3.3350 RM 10
A$ 6.6700 RM 20
A$ 16.68 RM 50
A$ 33.35 RM 100
A$ 83.38 RM 250
A$ 166.75 RM 500
A$ 333.50 RM 1,000
A$ 667.00 RM 2,000
A$ 1,668 RM 5,000
A$ 3,335 RM 10,000
A$ 16,675 RM 50,000
A$ 33,350 RM 100,000
More amounts

Calculate other AUD/MYR amounts (from or to) at mid-market with our AUD to MYR Calculator .

Australian Dollar and Malaysian Ringgit - Market News

 

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 bleak outlook in the US has added downward pressure on the world’s base currency and helped consolidate the Aussie dollars’ upturn.

Get more details in the article Australian Dollar Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.

Get more details in the article Malaysian Ringgit Forecasts.

   

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
     

How to get Best AUD to MYR Exchange Rates

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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 always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Australian Dollar vs Malaysian Ringgit current value is to look the AUD/MYR historic rate and change over a range of periods.

The following table looks at the change in the AUD to MYR exchange rate over periods from the previous week back to the last 10 years.

AUD/MYRChangePeriod
2.9838
23 Nov 2020
0.3% ▲1 Week
2.9191
31 Oct 2020
2.5% ▲30 Days
3.0597
01 Sep 2020
2.2% ▼90 Days
2.8255
01 Dec 2019
5.9% ▲1 Year
3.0991
02 Dec 2015
3.5% ▼5 Years
3.1040
03 Dec 2010
3.6% ▼10 Years

AUD/MYR 10 year historic rates & change to 30-Nov-2020 : 2.9915

 
   

Will the Australian Dollar rise against the Malaysian Ringgit?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add AUD/MYR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

 

View My Alerts

 

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.