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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/Card transactions as shown below.

 

1 EUR = 4.6056 MYR

   Sell EUR / Buy MYR  Switch

EUR to MYR - Trading Range (90 Day)
ALERTS: 4-DAY ▲ 2% 🔔 | 30-DAY HIGHS 🔔 |
EUR/MYR at 4.6067 was trading 0.9% above the 90-day average 4.564 with a range 4.4795 to 4.6387. ALERTS: EUR/MYR is UP 2% this 4-DAY period and has also risen to 30-DAY HIGHS.
25-FEB 5PM-NY 10PM-LON | 26-Feb 9AM-SYD

More Charts


Quick Conversions from Euro to Malaysian Ringgit

EUR

MYR

1
RM 4.6056
5
RM 23.03
10
RM 46.06
20
RM 92.11
50
RM 230.28
100
RM 460.56
250
RM 1,151
500
RM 2,303
1,000
RM 4,606
2,000
RM 9,211
5,000
RM 23,028
10,000
RM 46,056
50,000
RM 230,280
100,000
RM 460,560
More amounts

EUR

MYR

0.2171
RM 1
1.0855
RM 5
2.1710
RM 10
4.3420
RM 20
10.86
RM 50
21.71
RM 100
54.28
RM 250
108.55
RM 500
217.10
RM 1,000
434.20
RM 2,000
1,086
RM 5,000
2,171
RM 10,000
10,855
RM 50,000
21,710
RM 100,000
More amounts

To calculate specific EUR/MYR amounts use our Convert EUR to MYR quick calculator.


Comparing Foreign Exchange Providers

The total cost you are charged by your foreign exchange provider consists of the margin from the mid-rate offered plus any fixed or percentage fees. These margins and fees vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Providers Receive MYR(RM)Exchange RateFee EURTotal CostDeal Links
OFX logo
22,366 RM
Best Overall
4.47320 for BER users (normally $15)2.93%
TorFX logo
22,411 RM
RM45 more
4.482102.73%
TransferWise logo
22,898 RM
RM532 more
4.6035€260.62%
HSBC logo
21,896 RM
RM470 less
4.3858€7.54.97%
Deutsche Bank International Money Transfers
Deutsche Bank logo
21,687 RM
RM679 less
4.3813€505.88%
Citibank International Money Transfers
Citibank logo
21,675 RM
RM691 less
4.3455125.93%
BNP Paribas International Money Transfers
BNP Paribas logo
21,556 RM
RM810 less
4.3547€506.45%
Santander International Money Transfers
Santander logo
21,551 RM
RM815 less
4.3276206.47%
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
21,487 RM
RM879 less
4.3266126.75%
Bank of Ireland International Money Transfers
Bank of Ireland logo
21,422 RM
RM944 less
4.3276€507.03%
Crédit Agricole International Money Transfers
Crédit Agricole logo
21,266 RM
RM1,100 less
4.2962€507.7%
AIB Bank International Money Transfers
AIB Bank logo
21,178 RM
RM1,188 less
4.2783€508.09%
Sparkasse Bank International Money Transfers
Sparkasse Bank logo
21,148 RM
RM1,218 less
4.2423158.22%
 
OFX logo
OFX: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:0 for BER users (normally $15)
Exchange Rate:4.4732 (2.93% from mid-rate)
To Amount (MYR)22,366 RM
Total Cost:2.93%
Time:
Rate Fetched: Tue Feb 25 2020 17:12:59 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:4.4821 (2.73% from mid-rate)
To Amount (MYR)22,411 RM
Total Cost:2.73%
Difference:
RM45 MYR more than using OFX
Time:18:07 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.7/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€26 EUR (0.5% + €1)
Exchange Rate:4.6035 (0.1% from mid-rate)
To Amount (MYR)22,898 RM
Total Cost:0.62%
Difference:
RM532 MYR more than using OFX
Time:18:07 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer EUR→MYR
From Amount (EUR)€5,000
Fee:€7.5 EUR (.15%)
Exchange Rate:4.3858 (4.82% from mid-rate)
To Amount (MYR)21,896 RM
Total Cost:4.97%
Difference:
RM470 MYR less than using OFX
Time:18:07 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:4.3813 (4.92% from mid-rate)
To Amount (MYR)21,687 RM
Total Cost:5.88%
Difference:
RM679 MYR less than using OFX
Time:18:07 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:4.3455 (5.7% from mid-rate)
To Amount (MYR)21,675 RM
Total Cost:5.93%
Difference:
RM691 MYR less than using OFX
Time:18:07 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:4.3547 (5.5% from mid-rate)
To Amount (MYR)21,556 RM
Total Cost:6.45%
Difference:
RM810 MYR less than using OFX
Time:18:07 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:4.3276 (6.09% from mid-rate)
To Amount (MYR)21,551 RM
Total Cost:6.47%
Difference:
RM815 MYR less than using OFX
Time:18:07 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:4.3141 (6.38% from mid-rate)
To Amount (MYR)21,487 RM
Total Cost:6.75%
Difference:
RM879 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:4.3276 (6.09% from mid-rate)
To Amount (MYR)21,422 RM
Total Cost:7.03%
Difference:
RM944 MYR less than using OFX
Time:18:07 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:4.2962 (6.77% from mid-rate)
To Amount (MYR)21,266 RM
Total Cost:7.7%
Difference:
RM1,100 MYR less than using OFX
Time:18:07 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:4.2783 (7.16% from mid-rate)
To Amount (MYR)21,178 RM
Total Cost:8.09%
Difference:
RM1,188 MYR less than using OFX
Time:18:07 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:4.2423 (7.94% from mid-rate)
To Amount (MYR)21,148 RM
Total Cost:8.22%
Difference:
RM1,218 MYR less than using OFX
Time:18:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/25/2020 - View latest rates
 

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.

Travel Money Providers Amount MYR(RM)Exchange RateFee EURTotal CostDeal Links
Deutsche Bank Foreign Currency
Deutsche Bank logo
4,226.83 RM
Compare
4.2912€158.27%
BNP Paribas Foreign Currency
BNP Paribas logo
4,204.87 RM
RM22 less
4.2689€158.75%
La Poste Foreign Currency
La Poste logo
4,204.87 RM
RM22 less
4.2689€158.75%
Citibank Foreign Currency
Citibank logo
4,204.23 RM
RM23 less
4.2467€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
4,168 RM
RM59 less
4.2151€109.55%
Crédit Agricole Foreign Currency
Crédit Agricole logo
4,161.13 RM
RM66 less
4.2245€159.7%
Bank of Ireland Foreign Currency
Bank of Ireland logo
4,155.82 RM
RM71 less
4.1978€109.81%
AIB Bank Foreign Currency
AIB Bank logo
4,147.01 RM
RM80 less
4.1889€1010.01%
Sparkasse Bank Foreign Currency
Sparkasse Bank logo
4,116.22 RM
RM111 less
4.1578€1010.67%
HSBC logo
4,091.1 RM
RM136 less
4.0911011.22%
Travelex Online logo
3,957.3 RM
RM270 less
3.9573014.12%
 
Deutsche Bank logo
Deutsche Bank: Travel Money EUR→MYR
From Amount (EUR)€1,000
Fee:€15 EUR (Minimum fee)
Exchange Rate:4.2912 (6.88% from mid-rate)
To Amount (MYR)4,226.83 RM
Total Cost:8.27%
Time:18:07 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:4.2689 (7.36% from mid-rate)
To Amount (MYR)4,204.87 RM
Total Cost:8.75%
Time:18:07 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:4.2689 (7.36% from mid-rate)
To Amount (MYR)4,204.87 RM
Total Cost:8.75%
Time:18:07 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:4.2467 (7.84% from mid-rate)
To Amount (MYR)4,204.23 RM
Total Cost:8.76%
Time:18:07 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:4.0688 (11.7% from mid-rate)
To Amount (MYR)4,168 RM
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:4.2245 (8.32% from mid-rate)
To Amount (MYR)4,161.13 RM
Total Cost:9.7%
Time:18:07 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:4.1978 (8.9% from mid-rate)
To Amount (MYR)4,155.82 RM
Total Cost:9.81%
Time:18:07 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:4.1889 (9.1% from mid-rate)
To Amount (MYR)4,147.01 RM
Total Cost:10.01%
Time:18:07 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:4.1578 (9.77% from mid-rate)
To Amount (MYR)4,116.22 RM
Total Cost:10.67%
Time:18:07 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:4.0911 (11.22% from mid-rate)
To Amount (MYR)4,091.1 RM
Total Cost:11.22%
Time:18:07 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:3.9573 (14.12% from mid-rate)
To Amount (MYR)3,957.3 RM
Total Cost:14.12%
Time:
Rate Fetched: Tue Feb 25 2020 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 02/25/2020 - View latest rates
 

Country Guides (EUR & MYR)

EurozoneEurozone (EUR)Aaland IslandsAaland Islands (EUR)AndorraAndorra (EUR)
AustriaAustria (EUR)BelgiumBelgium (EUR)CyprusCyprus (EUR)
EstoniaEstonia (EUR)FinlandFinland (EUR)FranceFrance (EUR)
French GuineaFrench Guinea (EUR)French Southern TerritoriesFrench Southern Territories (EUR)GermanyGermany (EUR)
GreeceGreece (EUR)GuadeloupeGuadeloupe (EUR)Vatican CityVatican City (EUR)
IrelandIreland (EUR)ItalyItaly (EUR)LuxembourgLuxembourg (EUR)
MalaysiaMalaysia (MYR)MaltaMalta (EUR)MartiniqueMartinique (EUR)
MayotteMayotte (EUR)MonacoMonaco (EUR)MontenegroMontenegro (EUR)
NetherlandsNetherlands (EUR)PortugalPortugal (EUR)ReunionReunion (EUR)
Saint BarthélemySaint Barthélemy (EUR)Saint MartinSaint Martin (EUR)Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)
San MarinoSan Marino (EUR)SlovakiaSlovakia (EUR)SloveniaSlovenia (EUR)
SpainSpain (EUR)

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)

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 up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

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.

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.


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.

What is a good EUR to MYR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the EUR to MYR exchange rate to the present day for periods going back upto 10 years.

PeriodChange*EUR/MYRDate
1 Day+0.5%4.583824 Feb 2020
7 Day+2.7%4.485918 Feb 2020
30 Day+2.8%4.482026 Jan 2020
3 Month+0.3%4.591327 Nov 2019
1 Year-0.3%4.622725 Feb 2019
5 Year+14.1%4.038626 Feb 2015
10 Year-0.2%4.616427 Feb 2010

*For period to 25-Feb 21UTC when EUR/MYR was 4.6068

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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all EUR Exchange Rates