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INR to MYR - Rate Guide

Indian Rupee 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 INR = 0.058076 MYR

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INR to MYR - Trading Range (90 Day)
30-DAY HIGH (6d)
INR/MYR at 0.057901 is trading near the 90-day average 0.057863 with a range 0.056886 to 0.059067. There are no current rate alerts.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

More Charts


Quick Conversions from Indian Rupee to Malaysian Ringgit

INR

MYR

1
RM 0.0581
5
RM 0.2904
10
RM 0.5808
20
RM 1.1615
50
RM 2.9038
100
RM 5.8076
250
RM 14.52
500
RM 29.04
1,000
RM 58.08
2,000
RM 116.15
5,000
RM 290.38
10,000
RM 580.76
50,000
RM 2,904
100,000
RM 5,808
More amounts

INR

MYR

17.22
RM 1
86.10
RM 5
172.20
RM 10
344.40
RM 20
861.00
RM 50
1,722
RM 100
4,305
RM 250
8,610
RM 500
17,220
RM 1,000
34,440
RM 2,000
86,100
RM 5,000
172,200
RM 10,000
861,000
RM 50,000
1,722,000
RM 100,000
More amounts

To calculate specific INR/MYR amounts use our Convert INR 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 INR/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

INR to MYR International Money Transfers

  

Foreign Transfer ProvidersReceive MYR(RM)Exchange RateFee INRTotal CostDeal Links
ICICI Bank International Money Transfers
ICICI Bank logo
552.25 RM0.055783₹1004.56%
Banks - Average Rate
Indian Bank logo ICICI Bank logo
550.82 RM0.055638154.81%
Indian Bank International Money Transfers
Indian Bank logo
549.38 RM0.055493₹1005.06%
 
ICICI Bank logo
ICICI Bank: Foreign Transfer INR→MYR
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.055783 (3.6% from mid-rate)
To Amount (MYR)552.25 RM
Total Cost:4.56%
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer INR→MYR
From Amount (INR)₹10,000
Fee:15
Exchange Rate:0.054394 (6% from mid-rate)
To Amount (MYR)550.82 RM
Total Cost:4.81%
Difference:
RM1.43 MYR less than using ICICI Bank
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Indian Bank logo
Indian Bank: Foreign Transfer INR→MYR
From Amount (INR)₹10,000
Fee:₹100 INR (1%)
Exchange Rate:0.055493 (4.1% from mid-rate)
To Amount (MYR)549.38 RM
Total Cost:5.06%
Difference:
RM2.87 MYR less than using ICICI Bank
Time:1:05 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (INR & MYR)

IndiaIndia (INR)MalaysiaMalaysia (MYR)

INR and MYR in the Markets

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

Indian Rupee (INR)

The rupee is doing remarkably well in what is normally a seasonally weak time of year and despite a 35 percent rise in the oil price this year (oil is India's largest import).

In early May, by the narrowest of margins, the rupee reached a 16-month high against the Australian dollar (₹48.4), before falling back slightly. It rose towards long-term highs against the euro (₹77.3) and was flat on the year against the US dollar (₹69.2), although it was 8 percent higher against the greenback than it had been in October of last year.

Read more in the article INR 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 INR 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.

When is the best time to exchange INR 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

It is also a good idea to be aware of the change in the historic INR/MYR exchange rate over longer periods.

INR/MYR - Historical Rates

PeriodINR/MYRDate
1 Day0.057909 Feb 2020
7 Day0.057703 Feb 2020
30 Day0.057411 Jan 2020
3 Month0.057712 Nov 2019
1 Year0.057210 Feb 2019
5 Year0.057711 Feb 2015
10 Year0.073612 Feb 2010

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