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EUR to MYR - Best Rates Guide

We review Euro to Malaysian Ringgit latest & historic FX rates along with recent EUR/MYR Trend and Alerts.

 

Best EUR to MYR Rate

1 EUR = 4.9132 MYR
LATEST EUR/MYR MID-MARKET The mid-market rate is the best possible exchange rate available. Read more RATE

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MYR to EUR
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EURMYR at 4.9142 is near its 90-DAY average, range 4.8370-4.9652.
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1-DAY0.6% (2d)
 
EUR to MYR - Trends & Alerts

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

These margins and fees can vary significantly for EUR 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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Euro to Malaysian Ringgit - Quick Conversions

EUR MYR
€ 1 RM 4.9132
€ 5 RM 24.57
€ 10 RM 49.13
€ 20 RM 98.26
€ 50 RM 245.66
€ 100 RM 491.32
€ 250 RM 1,228
€ 500 RM 2,457
€ 1,000 RM 4,913
€ 2,000 RM 9,826
€ 5,000 RM 24,566
€ 10,000 RM 49,132
€ 50,000 RM 245,660
€ 100,000 RM 491,320
More amounts
EUR MYR
0.2035 RM 1
1.0175 RM 5
2.0350 RM 10
4.0700 RM 20
10.18 RM 50
20.35 RM 100
50.88 RM 250
101.75 RM 500
203.50 RM 1,000
407.00 RM 2,000
1,018 RM 5,000
2,035 RM 10,000
10,175 RM 50,000
20,350 RM 100,000
More amounts

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

 

Euro and Malaysian Ringgit - Market News

 

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)

Swiss bank UBS see the EUR/USD rate to rise near 1.27 by the end of 2021 as the world recovers from the pandemic and has less need for USD as a safe haven.

Get more details in the article Euro 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 Good EUR 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 EUR 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 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/MYRChangePeriod
4.8742
15 Jan 2021
1% ▲1 Week
4.9549
23 Dec 2020
0.7% ▼30 Days
4.9158
24 Oct 2020
0.1% ▲90 Days
4.5044
23 Jan 2020
9.3% ▲1 Year
4.6163
24 Jan 2016
6.6% ▲5 Years
4.1689
25 Jan 2011
18.1% ▲10 Years

EUR/MYR 10 year historic rates & change to 22-Jan-2021 : 4.9222

 
   

Will the Euro 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 EUR/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 FX Alerts work differently.

Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.