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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 navigating a challenging landscape following the recent announcement by U.S. President Donald Trump, who imposed a significant 24% tariff on imports from Malaysia. This move is part of a broader trade strategy that has sparked concern among regional economies. While Prime Minister Anwar Ibrahim assured that Malaysia would not retaliate but instead focus on regional coordination in response to these tariffs, market sentiment has soured.

Recent price data suggests that the MYR to USD exchange rate has fallen to 7-day lows near 0.2361, which is 1.2% higher than its 3-month average of 0.2332. Despite this decline, it remains within a relatively stable range, moving between 0.2227 and 0.2382. Analysts have noted that the overall outlook for emerging Asian currencies is precarious, particularly after Trump's tariff announcement exacerbated fears of a global trade war, leading to downward pressure on the MYR and its regional counterparts, with the Thai baht and South Korean won both down approximately 2%.

In comparison, the MYR to EUR is trading at 0.2011, which is 1.6% below its 3-month average of 0.2043, while the MYR to GBP stands at 0.1732—just slightly below its three-month average. The MYR to JPY is an outlier, currently at 34.44, which is notably 2.3% above its average of 33.67, reflecting a more favorable trend against the yen.

The impact of oil prices on the MYR cannot be ignored. Currently, oil is trading at $69.58, 4.1% above its 3-month average of $66.81, indicating increased volatility in the energy sector with fluctuations ranging from $60.14 to $78.85. Given that Malaysia is a key oil exporter, rising oil prices could provide some support to the MYR, although the ongoing trade tensions with the U.S. pose significant challenges.

In summary, the MYR is facing headwinds from U.S. tariffs and regional currency weakness, alongside the complexity introduced by fluctuating oil prices. Stakeholders should monitor these developments closely to make informed decisions regarding international transactions.

 

US dollar to Malaysian ringgit - USD/MYR Trend

 
USD to MYR is at 7-day highs near 4.2360, 1.2% below its 3-month average of 4.2886, having traded in a relatively stable 7.0% range from 4.1975 to 4.4910
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1 USD =
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MYR
 
+0.4%
 
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Top MYR Rates


Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD is at 7-day lows near 0.2361, 1.2% above its 3-month average of 0.2332, having traded in a relatively stable 7.0% range from 0.2227 to 0.2382
MYR to USD
0.2359
-0.3%

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD at 0.3019 is near its 3-month average, having traded in a very stable 3.3% range from 0.2971 to 0.3068
MYR to SGD
0.3015
+0.1%

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.8657 is 3.4% below its 3-month average of 7.1041, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.8548
+0.2%
90d-lows

Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD at 0.3627 is just above its 3-month average, having traded in a quite stable 5.3% range from 0.3551 to 0.3738
MYR to AUD
0.3612
+0.3%

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD is at 7-day lows near 1.8532, 1.7% above its 3-month average of 1.822, having traded in a fairly volatile 8.2% range from 1.7282 to 1.8701
MYR to HKD
1.8521
-0.3%

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR at 20.28 is 1.6% above its 3-month average of 19.96, having traded in a relatively stable 6.3% range from 19.19 to 20.39
MYR to INR
20.23
-0.2%

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY is at 7-day lows near 1.6938, just 0.5% above its 3-month average of 1.6846, having traded in a relatively stable 6.2% range from 1.6340 to 1.7349
MYR to CNY
1.6920
-0.2%

Malaysian ringgit to Philippine peso
MYRPHP 90 day chart

MYR to PHP at 13.36 is 1.9% above its 3-month average of 13.11, having traded in a quite stable 5.7% range from 12.73 to 13.45
MYR to PHP
13.31
-0.2%

A-Z


Malaysian ringgit to Australian dollar
MYRAUD 90 day chart

MYR to AUD at 0.3627 is just above its 3-month average, having traded in a quite stable 5.3% range from 0.3551 to 0.3738
MYR to AUD
0.3612
+0.3%

Malaysian ringgit to Chinese yuan
MYRCNY 90 day chart

MYR to CNY is at 7-day lows near 1.6938, just 0.5% above its 3-month average of 1.6846, having traded in a relatively stable 6.2% range from 1.6340 to 1.7349
MYR to CNY
1.6920
-0.2%

Malaysian ringgit to Euro
MYREUR 90 day chart

MYR to EUR at 0.2011 is 1.6% 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
0.2010

Malaysian ringgit to British pound
MYRGBP 90 day chart

MYR to GBP at 0.1732 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
0.1731
-0.2%

Malaysian ringgit to Hong Kong dollar
MYRHKD 90 day chart

MYR to HKD is at 7-day lows near 1.8532, 1.7% above its 3-month average of 1.822, having traded in a fairly volatile 8.2% range from 1.7282 to 1.8701
MYR to HKD
1.8521
-0.3%

Malaysian ringgit to Indian rupee
MYRINR 90 day chart

MYR to INR at 20.28 is 1.6% above its 3-month average of 19.96, having traded in a relatively stable 6.3% range from 19.19 to 20.39
MYR to INR
20.23
-0.2%

Malaysian ringgit to Japanese yen
MYRJPY 90 day chart

MYR to JPY at 34.44 is 2.3% above its 3-month average of 33.67, having traded in a relatively stable 7.4% range from 32.17 to 34.55
MYR to JPY
34.45
+0.6%

Malaysian ringgit to Singapore dollar
MYRSGD 90 day chart

MYR to SGD at 0.3019 is near its 3-month average, having traded in a very stable 3.3% range from 0.2971 to 0.3068
MYR to SGD
0.3015
+0.1%

Malaysian ringgit to Thai baht
MYRTHB 90 day chart

MYR to THB at 7.7025 is just above its 3-month average, having traded in a quite stable 4.4% range from 7.4980 to 7.8265
MYR to THB
7.6637
+0.7%

Malaysian ringgit to New Taiwan dollar
MYRTWD 90 day chart

MYR to TWD at 6.8657 is 3.4% below its 3-month average of 7.1041, having traded in a fairly volatile 9.1% range from 6.8510 to 7.4743
MYR to TWD
6.8548
+0.2%
90d-lows

Malaysian ringgit to US dollar
MYRUSD 90 day chart

MYR to USD is at 7-day lows near 0.2361, 1.2% above its 3-month average of 0.2332, having traded in a relatively stable 7.0% range from 0.2227 to 0.2382
MYR to USD
0.2359
-0.3%

Malaysian ringgit to Vietnamese dong
MYRVND 90 day chart

MYR to VND is at 7-day lows near 6173, 1.7% above its 3-month average of 6067, having traded in a relatively stable 7.9% range from 5767 to 6225
MYR to VND
6,163.3
-0.5%