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EUR to MYR - Compare Rates

Euro to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 EUR = 4.8714 MYR

Sell EUR / Buy MYR 


EUR/MYR - Trend & Alerts

EUR/MYR at 4.8717 is a little below its 90-DAY average, range 4.772 - 5.0229 .
🔔 Today EUR/MYR is DOWN 0.7% and at 30-DAY LOWS.
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Alerts:1-DAY0.7% | 30-DAY LOWS |
 
 

Comparing EUR 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' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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Euro to Malaysian Ringgit - Quick Conversions

EUR MYR
€ 1 RM 4.8714
€ 5 RM 24.36
€ 10 RM 48.71
€ 20 RM 97.43
€ 50 RM 243.57
€ 100 RM 487.14
€ 250 RM 1,218
€ 500 RM 2,436
€ 1,000 RM 4,871
€ 2,000 RM 9,743
€ 5,000 RM 24,357
€ 10,000 RM 48,714
€ 50,000 RM 243,570
€ 100,000 RM 487,140
More amounts
EUR MYR
0.2053 RM 1
1.0265 RM 5
2.0530 RM 10
4.1060 RM 20
10.27 RM 50
20.53 RM 100
51.33 RM 250
102.65 RM 500
205.30 RM 1,000
410.60 RM 2,000
1,027 RM 5,000
2,053 RM 10,000
10,265 RM 50,000
20,530 RM 100,000
More amounts

To calculate other EUR/MYR FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate EUR to MYR .

Country Guides - Malaysian Ringgit

 
MalaysiaMalaysia (MYR)
   

Euro - Malaysian Ringgit Forecasting

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)

The euro is currently a more appealing investment than the US dollar as fiscal support and COVID-19 containment open the door to a faster paced recovery than what is likely in the US. With current USD weakness and strong long-term prospects for the European Union, there is speculation that the euro could be a contender as the world’s new reserve currency. In the short term the euro could be susceptible to swings, however in the longterm the euro has very good prospects. The currency is poised to move above 1.1850 and extend toward 1.20 in coming weeks.

In mid-July euro strengthened four-month highs (around 1.15 against the US dollar) as european leaders delivered a difficult agreement on a coronavirus rescue package to help member states manage the economic downturn.

The historic stimulus package will see the bloc issue 750 billion euros (US$860 billion) of joint debt and is seen by market commentators as positive for the euro.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back over the 1 year average of US1.11 towards US1.20.

Read more in the article EUR Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) 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.

Read more in the article MYR Forecasts.

 

How to get Best EUR to MYR Exchange Rates

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.

 

Will EUR rise or fall against MYR?

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

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

EUR/MYR rateChangePeriod
11 Sep 2020 : 4.92011% ▼1 Week
19 Aug 2020 : 4.94401.5% ▼30 Days
20 Jun 2020 : 4.77112.1% ▲90 Days
19 Sep 2019 : 4.62775.3% ▲1 Year
20 Sep 2015 : 4.76632.2% ▲5 Years
21 Sep 2010 : 4.086519.2% ▲10 Years

EUR/MYR 10 year historic rates & change to 18-Sep-2020 : 4.8714

 

When is the best time to exchange EUR to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

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.

Setup BER.me FX Alerts