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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) is currently facing significant challenges amid escalating trade tensions, particularly following the announcement of a 24% tariff by U.S. President Donald Trump on imports from Malaysia. This move adds to increasing pressures on emerging Asian currencies, with heightened concerns over a potential global trade war affecting market sentiment.

Recent data shows the MYR to USD is trading near 14-day lows at 0.2353, which positions it just 0.8% above its 3-month average of 0.2336. The MYR has displayed stability, trading within a 5.4% range from 0.2261 to 0.2382. In comparison, the MYR to EUR has dipped to 0.2012, marking a 1.5% decline below its 3-month average of 0.2043 and oscillating in a range from 0.1988 to 0.2102. Meanwhile, the MYR to GBP at 0.1734 is slightly below its 3-month average, maintaining a stable range between 0.1705 and 0.1788.

The MYR has exhibited a stronger performance against the Japanese yen, trading at 34.44, which is 2.1% above its 3-month average of 33.73 and displaying a wider trading range of 32.17 to 34.56. Analysts have noted that the overall sentiment towards emerging markets is growing cautious, particularly as multiple central banks in the region cut interest rates to stimulate growth.

The oil markets also play a crucial role for the MYR, given Malaysia's status as an oil producer. Currently, oil is trading at 68.64 USD, which is 2.5% above its 3-month average of 66.99. This price stability, albeit within a volatile range of 60.14 to 78.85, can potentially support the MYR’s valuation if sustained.

Given the ongoing geopolitical and economic developments, market watchers will likely keep a close eye on how regional currencies, including the MYR, react in the coming weeks, especially as Malaysia leads efforts to coordinate a regional response to U.S. tariffs.

 

US dollar to Malaysian ringgit - USD/MYR Trend

 
USD to MYR at 4.2475 is just 0.8% below its 3-month average of 4.2813, having traded in a quite stable 5.4% range from 4.1975 to 4.4225
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MYR
 
-0.1%
14d-highs
 
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Top MYR Rates


Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD is at 14-day lows near 0.2353, just 0.8% above its 3-month average of 0.2336, having traded in a quite stable 5.4% range from 0.2261 to 0.2382
MYR to USD
0.2347
14d-lows

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD is at 7-day lows near 0.3011, just below its 3-month average, having traded in a very stable 3.3% range from 0.2971 to 0.3068
MYR to SGD
0.3006

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.8740 is 3.0% below its 3-month average of 7.0898, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.8557

Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD is at 30-day lows near 0.3571, 1.3% below its 3-month average of 0.3617, having traded in a very stable 3.7% range from 0.3551 to 0.3683
MYR to AUD
0.3564
-0.8%
30d-lows

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD is at 14-day lows near 1.8441, 1.0% above its 3-month average of 1.8256, having traded in a relatively stable 6.6% range from 1.7537 to 1.8701
MYR to HKD
1.8425
-0.1%
14d-lows

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR is at 14-day lows near 20.17, just 1.0% above its 3-month average of 19.99, having traded in a quite stable 5.3% range from 19.37 to 20.39
MYR to INR
20.14
14d-lows

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY is at 14-day lows near 1.6857, near its 3-month average, having traded in a quite stable 5.2% range from 1.6489 to 1.7349
MYR to CNY
1.6827
-0.2%
14d-lows

Malaysian ringgit to Philippine peso
MYRPHP 90 day chart

MYR to PHP is at 14-day lows near 13.28, 1.2% above its 3-month average of 13.12, having traded in a quite stable 4.8% range from 12.83 to 13.45
MYR to PHP
13.25
-0.3%
14d-lows

A-Z


Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD is at 30-day lows near 0.3571, 1.3% below its 3-month average of 0.3617, having traded in a very stable 3.7% range from 0.3551 to 0.3683
MYR to AUD
0.3564
-0.8%
30d-lows

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY is at 14-day lows near 1.6857, near its 3-month average, having traded in a quite stable 5.2% range from 1.6489 to 1.7349
MYR to CNY
1.6827
-0.2%
14d-lows

Malaysian ringgit to Euro
MYREUR 90 day chart

MYR to EUR at 0.2012 is 1.5% below its 3-month average of 0.2043, having traded in a quite stable 5.7% range from 0.1988 to 0.2102
MYR to EUR
0.2007
+0.2%
60d-lows

Malaysian ringgit to British pound
MYRGBP 90 day chart

MYR to GBP at 0.1734 is just below its 3-month average, having traded in a quite stable 4.9% range from 0.1705 to 0.1788
MYR to GBP
0.1732
+0.1%

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD is at 14-day lows near 1.8441, 1.0% above its 3-month average of 1.8256, having traded in a relatively stable 6.6% range from 1.7537 to 1.8701
MYR to HKD
1.8425
-0.1%
14d-lows

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR is at 14-day lows near 20.17, just 1.0% above its 3-month average of 19.99, having traded in a quite stable 5.3% range from 19.37 to 20.39
MYR to INR
20.14
14d-lows

Malaysian ringgit to Japanese yen
MYRJPY 90 day chart

MYR to JPY at 34.44 is 2.1% above its 3-month average of 33.73, having traded in a relatively stable 7.4% range from 32.17 to 34.56
MYR to JPY
34.45
+0.1%
90d-highs

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD is at 7-day lows near 0.3011, just below its 3-month average, having traded in a very stable 3.3% range from 0.2971 to 0.3068
MYR to SGD
0.3006

Malaysian ringgit to Thai baht
MYRTHB 90 day chart

MYR to THB at 7.6565 is just below its 3-month average, having traded in a quite stable 4.4% range from 7.4980 to 7.8265
MYR to THB
7.6331
-0.4%

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.8740 is 3.0% below its 3-month average of 7.0898, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.8557

Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD is at 14-day lows near 0.2353, just 0.8% above its 3-month average of 0.2336, having traded in a quite stable 5.4% range from 0.2261 to 0.2382
MYR to USD
0.2347
14d-lows

Malaysian ringgit to Vietnamese dong
MYRVND 90 day chart

MYR to VND is at 14-day lows near 6135, just 0.9% above its 3-month average of 6078, having traded in a relatively stable 6.9% range from 5824 to 6225
MYR to VND
6,127.7
-0.2%
14d-lows