Loading...

Home pages - full list (A-Z)

EUR to MYR - Rate Guide

Euro 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 transactions as shown below.

 

EUR/MYR update & alerts

1 EUR = 4.6171 MYR

Sell EUR - Buy MYR  Invert

EUR to MYR - Trading Range (90 Day)
14-DAY HIGH (5d)
EUR/MYR 90-DAY TREND: At 4.6204 EUR to MYR is trading near the average 4.6119 with a range 4.5552 to 4.6772. There are no current alerts.
10 Dec, 2019 16:03-EST 21:03-GMT 08:03-AEDT(+1D)

More Charts

EUR/MYR Exchange Rates and Providers Compared

This guide to the Euro to Malaysian Ringgit exchange rate with 90-day chart & alerts, historic rates, forecasts and EUR to MYR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. If you want to calculate equivalent amounts in foreign currencies or rate margins then use our EUR/MYR Quick Calculator.

Exchange rates can 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 EUR/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

EUR to MYR International Money Transfers

  

Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee EURTotal CostDeal Links
OFX logo
RM22,384
Best Overall
4.47670 for BER users (normally $15)3.03%
TorFX logo
RM22,361
RM23 less
4.472203.13%
HSBC logo
RM21,913
RM471 less
4.3892€7.55.07%
Deutsche Bank International Money Transfers
Deutsche Bank logo
RM21,705
RM679 less
4.3848€505.97%
Citibank International Money Transfers
Citibank logo
RM21,692
RM692 less
4.3489126.03%
BNP Paribas International Money Transfers
BNP Paribas logo
RM21,595
RM789 less
4.3626€506.45%
Santander International Money Transfers
Santander logo
RM21,568
RM816 less
4.331206.56%
Banks - Average Rate
Deutsche Bank logo Santander logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo
RM21,508
RM876 less
4.3310126.82%
Bank of Ireland International Money Transfers
Bank of Ireland logo
RM21,438
RM946 less
4.331€507.13%
Crédit Agricole International Money Transfers
Crédit Agricole logo
RM21,283
RM1,101 less
4.2996€507.8%
AIB Bank International Money Transfers
AIB Bank logo
RM21,194
RM1,190 less
4.2816€508.18%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
RM21,186
RM1,198 less
4.25158.22%
 
OFX logo
OFX: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:4.4767 (3.03% from mid-rate)
To Amount (MYR) RM22,384
Total Cost:3.03%
Time:
Rate Fetched: Tue Dec 10 2019 17:13:08 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
TorFX logo
TorFX: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:0
Exchange Rate:4.4722 (3.13% from mid-rate)
To Amount (MYR) RM22,361
Total Cost:3.13%
Difference:
RM23 MYR less than using OFX
Time:18:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:4.3892 (4.92% from mid-rate)
To Amount (MYR) RM21,913
Total Cost:5.07%
Difference:
RM471 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Deutsche Bank logo
Deutsche Bank: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:4.3848 (5.02% from mid-rate)
To Amount (MYR) RM21,705
Total Cost:5.97%
Difference:
RM679 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:12
Exchange Rate:4.3489 (5.8% from mid-rate)
To Amount (MYR) RM21,692
Total Cost:6.03%
Difference:
RM692 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:4.3626 (5.5% from mid-rate)
To Amount (MYR) RM21,595
Total Cost:6.45%
Difference:
RM789 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Santander logo
Santander: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:20
Exchange Rate:4.3310 (6.18% from mid-rate)
To Amount (MYR) RM21,568
Total Cost:6.56%
Difference:
RM816 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
 
: 2/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:12
Exchange Rate:4.3175 (6.48% from mid-rate)
To Amount (MYR) RM21,508
Total Cost:6.82%
Difference:
RM876 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of Ireland logo
Bank of Ireland: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:4.3310 (6.18% from mid-rate)
To Amount (MYR) RM21,438
Total Cost:7.13%
Difference:
RM946 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Crédit Agricole logo
Crédit Agricole: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:4.2996 (6.86% from mid-rate)
To Amount (MYR) RM21,283
Total Cost:7.8%
Difference:
RM1,101 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€50 EUR (1%)
Exchange Rate:4.2816 (7.25% from mid-rate)
To Amount (MYR) RM21,194
Total Cost:8.18%
Difference:
RM1,190 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
Sparkasse Bank: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:15
Exchange Rate:4.2500 (7.94% from mid-rate)
To Amount (MYR) RM21,186
Total Cost:8.22%
Difference:
RM1,198 MYR less than using OFX
Time:18:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 12/10/2019 - See full table

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.

  

Malaysian ringgit Travel Money

  

Travel Money ProvidersAmount MYR(RM)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
RM4,234.52
Compare
4.299€158.27%
BNP Paribas Foreign Currency
BNP Paribas logo
RM4,212.55
RM22 less
4.2767€158.75%
La Poste Foreign Currency
La Poste logo
RM4,212.55
RM22 less
4.2767€158.75%
Citibank Foreign Currency
Citibank logo
RM4,211.96
RM23 less
4.2545€108.76%
Banks - Average Rate
Deutsche Bank logo Citibank logo Sparkasse Bank logo HSBC logo Bank of Ireland logo Crédit Agricole logo AIB Bank logo BNP Paribas logo La Poste logo
RM4,176
RM59 less
4.2228€109.55%
Crédit Agricole Foreign Currency
Crédit Agricole logo
RM4,168.72
RM66 less
4.2322€159.7%
Bank of Ireland Foreign Currency
Bank of Ireland logo
RM4,163.35
RM71 less
4.2054€109.82%
AIB Bank Foreign Currency
AIB Bank logo
RM4,154.54
RM80 less
4.1965€1010.01%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
RM4,123.75
RM111 less
4.1654€1010.67%
HSBC logo
RM4,098.5
RM136 less
4.0985011.22%
Travelex Online logo
RM3,975.2
RM259 less
3.9752013.89%
 
Deutsche Bank logo
Deutsche Bank: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:4.2990 (6.88% from mid-rate)
To Amount (MYR) RM4,234.52
Total Cost:8.27%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
BNP Paribas logo
BNP Paribas: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:4.2767 (7.36% from mid-rate)
To Amount (MYR) RM4,212.55
Total Cost:8.75%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
La Poste logo
La Poste: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:4.2767 (7.36% from mid-rate)
To Amount (MYR) RM4,212.55
Total Cost:8.75%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:4.2545 (7.84% from mid-rate)
To Amount (MYR) RM4,211.96
Total Cost:8.76%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:4.0763 (11.7% from mid-rate)
To Amount (MYR) RM4,176
Total Cost:9.55%
Currency Services:Branch
Delivery/Collect:-
 
Crédit Agricole logo
Crédit Agricole: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:4.2322 (8.32% from mid-rate)
To Amount (MYR) RM4,168.72
Total Cost:9.7%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Bank of Ireland logo
Bank of Ireland: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:4.2054 (8.91% from mid-rate)
To Amount (MYR) RM4,163.35
Total Cost:9.82%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
AIB Bank logo
AIB Bank: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:4.1965 (9.1% from mid-rate)
To Amount (MYR) RM4,154.54
Total Cost:10.01%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Sparkasse Bank logo
Sparkasse Bank: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€10 EUR (1%)
Exchange Rate:4.1654 (9.77% from mid-rate)
To Amount (MYR) RM4,123.75
Total Cost:10.67%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:
Exchange Rate:4.0985 (11.22% from mid-rate)
To Amount (MYR) RM4,098.5
Total Cost:11.22%
Time:18:06 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Travelex Online logo
Travelex Online: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:undefined
Exchange Rate:3.9752 (13.89% from mid-rate)
To Amount (MYR) RM3,975.2
Total Cost:13.89%
Time:
Rate Fetched: Tue Dec 10 2019 18:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 12/10/2019 - See full table

EUR and MYR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the EUR vs MYR, you should pay attention to the recent market trends for both currencies.

Euro (EUR)

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR 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.

Why can't I just get the EUR/MYR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the EUR / MYR was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all EUR Exchange Rates