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MYR to AUD - Rate Guide

Malaysian Ringgit to Australian Dollar 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 MYR = 0.3602 AUD

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MYR to AUD - Trading Range (90 Day)
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MYR/AUD at 0.3602 was trading 1.4% above the 90-day average 0.3551 with a range 0.3472 to 0.3649. There are no current rate alerts.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

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Quick Conversions from Malaysian Ringgit to Australian Dollar

MYR

AUD

RM 1
A$ 0.3602
RM 5
A$ 1.8010
RM 10
A$ 3.6020
RM 20
A$ 7.2040
RM 50
A$ 18.01
RM 100
A$ 36.02
RM 250
A$ 90.05
RM 500
A$ 180.10
RM 1,000
A$ 360.20
RM 2,000
A$ 720.40
RM 5,000
A$ 1,801
RM 10,000
A$ 3,602
RM 50,000
A$ 18,010
RM 100,000
A$ 36,020
More amounts

MYR

AUD

RM 2.7763
A$ 1
RM 13.88
A$ 5
RM 27.76
A$ 10
RM 55.53
A$ 20
RM 138.82
A$ 50
RM 277.63
A$ 100
RM 694.08
A$ 250
RM 1,388
A$ 500
RM 2,776
A$ 1,000
RM 5,553
A$ 2,000
RM 13,882
A$ 5,000
RM 27,763
A$ 10,000
RM 138,815
A$ 50,000
RM 277,630
A$ 100,000
More amounts

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

 
Foreign Transfer ProvidersReceive AUD(A$)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
3,579.65 A$0.3598RM510.62%
OFX logo
3,559 A$0.35590 for BER users (normally $15)1.19%
Maybank International Money Transfers
Maybank logo
3,441.24 A$0.3476RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
3,441.24 A$0.3476RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
3,441.24 A$0.3476RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
3,418 A$0.3441155.11%
HSBC logo
3,397.9 A$0.3403RM155.67%
Citibank International Money Transfers
Citibank logo
3,367.95 A$0.3372126.5%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:0.3598 (0.11% from mid-rate)
To Amount (AUD)3,579.65 A$
Total Cost:0.62%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.3559 (1.19% from mid-rate)
To Amount (AUD)3,559 A$
Total Cost:1.19%
Difference:
A$21 AUD less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3476 (3.5% from mid-rate)
To Amount (AUD)3,441.24 A$
Total Cost:4.46%
Difference:
A$138 AUD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3476 (3.5% from mid-rate)
To Amount (AUD)3,441.24 A$
Total Cost:4.46%
Difference:
A$138 AUD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.3476 (3.5% from mid-rate)
To Amount (AUD)3,441.24 A$
Total Cost:4.46%
Difference:
A$138 AUD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:0.3441 (4.47% from mid-rate)
To Amount (AUD)3,418 A$
Total Cost:5.11%
Difference:
A$162 AUD less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:0.3403 (5.52% from mid-rate)
To Amount (AUD)3,397.9 A$
Total Cost:5.67%
Difference:
A$182 AUD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→AUD
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:0.3372 (6.39% from mid-rate)
To Amount (AUD)3,367.95 A$
Total Cost:6.5%
Difference:
A$212 AUD less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/22/2020 - View latest rates
 

Country Guides (MYR & AUD)

AustraliaAustralia (AUD)Christmas IslandChristmas Island (AUD)Cocos Keeling IslandsCocos Keeling Islands (AUD)
Heard and McDonald IslandsHeard and McDonald Islands (AUD)KiribatiKiribati (AUD)MalaysiaMalaysia (MYR)
NauruNauru (AUD)Norfolk IslandNorfolk Island (AUD)TuvaluTuvalu (AUD)

MYR and AUD in the Markets

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

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.

 

Australian Dollar (AUD)

The Australian dollar has dropped close to 6 percent already this year sliding towards US66 cents down to an eleven-year low.

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The virus was a double blow to the Aussie after the earlier threat of proxy war between the US and Iran in Iraq had also pared back some of the gains the Aussie had made coming into the New Year.

The Australian dollar had started the new decade strongly climbing to multi-month highs helped along by cooling trade tensions between the United States and China and optimism for global economic growth in the year ahead.

The Aussie broke back over US70 cents on the final day of 2019 — a level not seen since mid year.

During December the Australian dollar reversed direction (again) and climbed steadily back up against the US dollar on the back of the strength of the housing market and a market perception that further interest rate cuts were less likely.

Read more in the article AUD Forecasts.


How to get Best MYR to AUD 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.

What is a good MYR to AUD exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the MYR to AUD exchange rate to the present day for periods going back upto 10 years.

PeriodMYR/AUDDate
1 Day0.359617 Feb 2020
7 Day0.360211 Feb 2020
30 Day0.358419 Jan 2020
3 Month0.353220 Nov 2019
1 Year0.343718 Feb 2019
5 Year0.353619 Feb 2015
10 Year0.327920 Feb 2010

When is the best time to exchange MYR to AUD?

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

We help you Save Money on Exchange Rates.

 

View all MYR Exchange Rates