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Best EUR to MYR Exchange Rates Compared Live

The best EUR to MYR exchange rate is 5.1076. Compare foreign transfer and currency exchange rates, find better rates & deals.

EUR-MYR Best Exchange Rate Calculator
 

Comparing EUR-MYR exchange rates

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

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

 
@bestfxrates : EUR under pressure amid ECB rate cut bets & recession fears, stagnates vs MYR near 5.1140. Malaysian Ringgit's strength tested by USD rise; MYR to USD could hit 4.95. Oil volatility may further sway EUR/MYR rates. Market eyes German sentiment & ECB moves for direction. #EURMYR #ForexUpdate

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EUR to MYR Market Data

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

 
1 EUR =
5.1076We compare provider deals to this wholesale mid-market rate. Read more
MYR
+0.1%
📉1W
EUR to MYR at 5.1197 is near its 3-month average, having traded in a very stable 3.2% range from 5.0276 to 5.1877
|
Sell EUR   â†’   Buy MYR
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DateEUR/MYRChangePeriod
13 Mar 2024
5.1347
0.2% â–¼2 Week
28 Dec 2023
5.0996
0.5% â–²3 Month
28 Mar 2023
4.7799
7.2% â–²1 Year
29 Mar 2019
4.5814
11.9% â–²5 Year
30 Mar 2014
4.4928
14.1% â–²10 Year
01 Apr 2004
4.6927
9.2% â–²20 Year
EUR/MYR historic rates & change to 27-Mar-2024
 

What are equivalent amounts of EUR and MYR?

Here are some popular conversion amounts for EUR to MYR (Euro to Malaysian ringgit)*.

EUR MYR
€ 1 RM 5.1076
€ 5 RM 25.54
€ 10 RM 51.08
€ 20 RM 102.15
€ 50 RM 255.38
€ 100 RM 510.76
€ 250 RM 1,277
€ 500 RM 2,554
€ 1,000 RM 5,108
€ 2,000 RM 10,215
€ 5,000 RM 25,538
€ 10,000 RM 51,076
€ 20,000 RM 102,152
€ 50,000 RM 255,380
€ 100,000 RM 510,760
EUR MYR
0.1958 RM 1
0.9790 RM 5
1.9580 RM 10
3.9160 RM 20
9.7900 RM 50
19.58 RM 100
48.95 RM 250
97.90 RM 500
195.80 RM 1,000
391.60 RM 2,000
979.00 RM 5,000
1,958 RM 10,000
3,916 RM 20,000
9,790 RM 50,000
19,580 RM 100,000

More amounts

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

 
 

Forecasts for EUR to MYR

 

Based on recent exchange rate analyst forecasts and currency market updates, the Euro (EUR) is under pressure due to negative correlation with the US Dollar and bets on potential European Central Bank (ECB) rate cuts. Despite upbeat German business sentiment, the Euro may struggle amid concerns of a Eurozone recession and uncertainties surrounding ECB policy decisions. The EUR to MYR exchange rate has been relatively stable in a range near 5.1140, trending just below its 3-month average.

Read our full review of recent EUR to MYR forecasts.

 

How to get a good EUR to MYR exchange rate

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

  1. Shop around for the best EUR/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 EUR/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 EUR 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 Euro, then it's better for the EUR/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 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 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

EurozoneEurozone (EUR)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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