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Best AUD to MYR Exchange Rates Compared Live

The best AUD to MYR exchange rate is 3.0764. Compare foreign transfer and currency exchange rates, find better rates & deals.

AUD-MYR Best Exchange Rate Calculator
 

Comparing AUD-MYR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Australian dollar (AUD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

The above Aussie to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest AUD-MYR mid-rate (see below) and the possible savings of using another provider.

 
@bestfxrates : AUDMYR struggles amidst market volatility. 📉 Facing US rate cut expectations, AUD hovers near US$0.67. Meanwhile, MYR could weaken, eyeing levels towards 4.95 against USD. Currently at 14-day low of 3.0835. Oil surge may sway MYR. Market eyes US data, RBA decisions & commodities. #ForexUpdate

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AUD to MYR Market Data

Australian dollar (AUD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 AUD =
3.0764We compare provider deals to this wholesale mid-market rate. Read more
MYR
-0.3%
📉2W
AUD to MYR is at 14-day lows near 3.0835, just 0.7% below its 3-month average of 3.1065, having traded in a very stable 2.4% range from 3.0733 to 3.1474
|
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DateAUD/MYRChangePeriod
14 Mar 2024
3.0838
0% â–²2 Week
29 Dec 2023
3.1315
1.5% â–¼3 Month
29 Mar 2023
2.9523
4.5% â–²1 Year
30 Mar 2019
2.8977
6.4% â–²5 Year
31 Mar 2014
3.0266
1.9% â–²10 Year
02 Apr 2004
2.8954
6.5% â–²20 Year
AUD/MYR historic rates & change to 28-Mar-2024
 

What are equivalent amounts of AUD and MYR?

Here are some popular conversion amounts for AUD to MYR (Australian dollar to Malaysian ringgit)*.

AUD MYR
A$ 1 RM 3.0764
A$ 5 RM 15.38
A$ 10 RM 30.76
A$ 20 RM 61.53
A$ 50 RM 153.82
A$ 100 RM 307.64
A$ 250 RM 769.10
A$ 500 RM 1,538
A$ 1,000 RM 3,076
A$ 2,000 RM 6,153
A$ 5,000 RM 15,382
A$ 10,000 RM 30,764
A$ 20,000 RM 61,528
A$ 50,000 RM 153,820
A$ 100,000 RM 307,640
AUD MYR
A$ 0.3251 RM 1
A$ 1.6255 RM 5
A$ 3.2510 RM 10
A$ 6.5020 RM 20
A$ 16.26 RM 50
A$ 32.51 RM 100
A$ 81.28 RM 250
A$ 162.55 RM 500
A$ 325.10 RM 1,000
A$ 650.20 RM 2,000
A$ 1,626 RM 5,000
A$ 3,251 RM 10,000
A$ 6,502 RM 20,000
A$ 16,255 RM 50,000
A$ 32,510 RM 100,000

More amounts

*Converted at the current AUDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for AUD to MYR

 

Recent updates from currency market analysts suggest a mixed outlook for the AUD to MYR exchange rate. The Australian dollar (AUD) is facing pressure due to uncertainties surrounding global economic conditions and expectations of rate cuts in the US, with forecasts indicating a range-bound performance struggling to extend gains beyond US$0.67. On the other hand, the Malaysian Ringgit (MYR) is expected to remain under pressure with potential intermittent bounces, as some analysts anticipate a weaker MYR against a strong USD, potentially trending higher towards 4.95. The AUD to MYR pair is currently at 14-day lows near 3.0835, slightly below its 3-month average, trading in a stable range. The recent increase in oil prices, with OIL/USD hitting 90-day highs near 87.50, may also impact the MYR, given Malaysia's status as one of Asia's largest oil producers.

Read our full review of recent AUD to MYR forecasts.

 

How to get a good AUD to MYR exchange rate

There are several ways to save on exchange rates when converting Australian dollar to Malaysian ringgit:

  1. Shop around for the best AUD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the AUD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both AUD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Malaysian ringgit with Australian dollar, then it's better for the AUD/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

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Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

 
 
 

Currency Country Guides

AustraliaAustralia (AUD)MalaysiaMalaysia (MYR)
 

How is the expat life in Malaysia?

The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.

Any laws in Malaysia that foreigners should be aware of?

There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.

Read more at our Malaysia (MYR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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