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Malaysian ringgit Markets

MYR Currency Update - Our review of Malaysian ringgit forecasts and news plus charts and historic rates. Check MYR Trends over various time periods.

 

The Malaysian Ringgit (MYR) has faced pressure recently due to significant trade tensions. Following U.S. President Donald Trump's announcement of a 24% tariff on imports from Malaysia, analysts note a dip in regional currencies as the trade war dynamics intensify. Malaysia has refrained from retaliatory measures, focusing instead on regional coordination under Prime Minister Anwar Ibrahim’s leadership.

In recent trading data, the MYR to USD exchange rate stands at 0.2355, hovering just above its 3-month average and exhibiting stability within a 5.0% range. The MYR to EUR rate is at 0.2025, 1.0% shy of its average, showing a similar stability trend. Meanwhile, the MYR to GBP has seen a slight uptick at 0.1756, positioning it 0.8% above its average. Notably, the MYR to JPY has experienced higher volatility, currently trading at 35.05, which is 3.2% above its average.

Emerging Asian currencies are facing a challenging outlook, largely influenced by developments in U.S.-China trade relations. The announcement of new tariffs has diminished optimism among currency experts. In the last week, the Thai baht and South Korean won have both declined by approximately 2%, reflecting a broader loss in risk appetite across the region.

The price of Brent Crude oil, a critical factor for the Malaysian economy, has also shown interesting movement, trading at 69.28 USD per barrel, which is 2.9% above its 3-month average. This rise has occurred within a highly volatile range, indicating that fluctuations in oil prices could further impact MYR performance. As the situation develops, stakeholders should closely monitor trade policy updates and oil market trends to navigate the evolving currency landscape effectively.

 

US dollar to Malaysian ringgit - USD/MYR Trend

 
USD to MYR at 4.2460 is just below its 3-month average, having traded in a quite stable 5.0% range from 4.1975 to 4.4075
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MYR
 
 
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Top MYR Rates


Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD at 0.2355 is just above its 3-month average, having traded in a quite stable 5.0% range from 0.2269 to 0.2382
MYR to USD
0.2355

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD at 0.3025 is near its 3-month average, having traded in a very stable 3.2% range from 0.2974 to 0.3068
MYR to SGD
0.3025
-0.1%

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.9267 is 1.8% below its 3-month average of 7.053, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.9267
14d-highs

Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD at 0.3620 is near its 3-month average, having traded in a very stable 3.7% range from 0.3551 to 0.3683
MYR to AUD
0.3620
-0.3%

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD at 1.8482 is just 0.8% above its 3-month average of 1.8334, having traded in a relatively stable 6.2% range from 1.7611 to 1.8701
MYR to HKD
1.8482

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR is at 7-day highs near 20.29, 1.1% above its 3-month average of 20.06, having traded in a quite stable 5.3% range from 19.37 to 20.39
MYR to INR
20.29
+0.1%

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY at 1.6905 is near its 3-month average, having traded in a quite stable 4.8% range from 1.6553 to 1.7349
MYR to CNY
1.6905
-0.1%

Malaysian ringgit to Philippine peso
MYRPHP 90 day chart

MYR to PHP at 13.45 is 2.1% above its 3-month average of 13.17, having traded in a quite stable 4.8% range from 12.85 to 13.47
MYR to PHP
13.45
-0.1%
90d-highs

A-Z


Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD at 0.3620 is near its 3-month average, having traded in a very stable 3.7% range from 0.3551 to 0.3683
MYR to AUD
0.3620
-0.3%

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY at 1.6905 is near its 3-month average, having traded in a quite stable 4.8% range from 1.6553 to 1.7349
MYR to CNY
1.6905
-0.1%

Malaysian ringgit to Euro
MYREUR 90 day chart

MYR to EUR at 0.2025 is just 1.0% below its 3-month average of 0.2045, having traded in a quite stable 5.7% range from 0.1988 to 0.2102
MYR to EUR
0.2025
-0.3%

Malaysian ringgit to British pound
MYRGBP 90 day chart

MYR to GBP at 0.1756 is just 0.8% above its 3-month average of 0.1742, having traded in a quite stable 4.9% range from 0.1705 to 0.1788
MYR to GBP
0.1756
+0.1%

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD at 1.8482 is just 0.8% above its 3-month average of 1.8334, having traded in a relatively stable 6.2% range from 1.7611 to 1.8701
MYR to HKD
1.8482

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR is at 7-day highs near 20.29, 1.1% above its 3-month average of 20.06, having traded in a quite stable 5.3% range from 19.37 to 20.39
MYR to INR
20.29
+0.1%

Malaysian ringgit to Japanese yen
MYRJPY 90 day chart

MYR to JPY at 35.05 is 3.2% above its 3-month average of 33.95, having traded in a fairly volatile 8.8% range from 32.24 to 35.09
MYR to JPY
35.05
+0.2%

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD at 0.3025 is near its 3-month average, having traded in a very stable 3.2% range from 0.2974 to 0.3068
MYR to SGD
0.3025
-0.1%

Malaysian ringgit to Thai baht
MYRTHB 90 day chart

MYR to THB is at 60-day lows near 7.6236, just 0.8% below its 3-month average of 7.687, having traded in a very stable 3.5% range from 7.5592 to 7.8265
MYR to THB
7.6318
-0.3%
60d-lows

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.9267 is 1.8% below its 3-month average of 7.053, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.9267
14d-highs

Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD at 0.2355 is just above its 3-month average, having traded in a quite stable 5.0% range from 0.2269 to 0.2382
MYR to USD
0.2355

Malaysian ringgit to Vietnamese dong
MYRVND 90 day chart

MYR to VND is at 7-day highs near 6163, just 0.9% above its 3-month average of 6105, having traded in a quite stable 6.0% range from 5873 to 6225
MYR to VND
6,161.3
+0.1%