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  1. Exchange Rates
  2. Malaysian ringgit (MYR)
  3. Australian dollar (AUD)

Convert MYR to AUD at Best Exchange Rates

There are three important types of information that you need to know if you are to have any chance of getting the best possible MYR / AUD rate :

  1. Find the Market MYR to AUD mid-rate - the starting point.
  2. Check your FX provider's transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Review up-to-date Currency News, Research and Forecasts for both currencies.

1. Market MYR/AUD mid-rate

The closer your final exchange rate is to the market MYR/AUD midrate the better deal you are getting.
1 Malaysian ringgit equals
Australian dollar 1MYR=AUD

Right now the MYR/AUD market rate is and represents how many Australian dollar you can get for one Malaysian ringgit.

The MYR/AUD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. The closer your final exchange rate is to the market MYR/AUD midrate the better deal you are getting. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the currencies were exchanged in a transaction (bought or sold) in the international markets.

MYR to AUD Exchange Rate Calculator

RM
$
1 MYR equals
AUD 1MYR=AUD

Compare rates for: Foreign Transfers    Travel Money

Get fee-free global money transfers with our partner OFX
Loading MYR/AUD Chart

Malaysian ringgit to Australian dollar (MYR-AUD) Recent History

WhenExchange RateDate
1 Week ago0.330418 Apr 2018
1 Month ago0.331326 Mar 2018
6 Months ago0.307127 Oct 2017
1 Year ago0.303525 Apr 2017
2 Years ago0.331525 Apr 2016
5 Years ago0.320426 Apr 2013
10 Years ago0.3427 Apr 2008

There are three important types of information that you need to know if you are to have any chance of getting the best possible MYR / AUD rate :

  1. Market MYR to AUD mid-rate - the starting point.
  2. Transaction costs, these include exchange rate margins plus various types of fees. These margin and fee costs vary for Foreign Transfers and Travel Money transactions.
  3. Up-to-date Currency News, Research and Forecasts for Malaysian ringgit and Australian dollar.

1. Market MYR/AUD mid-rate

Right now the MYR/AUD market rate is and represents how many Australian dollar you can get for one Malaysian ringgit.

The MYR/AUD mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the MYR / AUD was traded (bought or sold) in the international markets.

1 Malaysian ringgit equals
Australian dollar 1=

2. Transaction Costs - Margins and Fees for MYR/AUD Foreign Exchange

The transaction margin from the mid-rate you will be charged by your bank or foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.

MYR to AUD Foreign Transfer - Costs Compared

You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from MYR to AUD.

Sending a LARGER international money transfer? Request a Free Multi-Vendor Quote

Compare Foreign Transfers

Sending MYR 10,000 to AUD

 OFX
1MYR=0.3329AUD
$3329.00 AUD (1.51%)
Book & track your foreign transfers online (24/7) with industry best rates for all your deals - not just the first one! Lock in exchange rates with Spot & Forward Deals. BestExchangeRates users get the transfer fees waived.
Price Details
Receive: $3329.00 AUD
Exchange Rate: 0.3329
(Inverse 1AUD=MYR 3.0039)
Fees: MYR 0
Total Cost : 1.51% (from mid-rate: 0.3380)
This is the amount of money that could be received by your transfer at rate MYR/AUD=0.3329 and inclusive of the fee of MYR 0.
Rate timestamp : 15:14 Local
Bank Rates - Average
1MYR=0.3162AUD
$3157.26 AUD (6.59%)
This is the average MYR to AUD International Transfer exchange rate and fees from multiple banks for FX rates available over the counter and also via Internet Banking.

 
Price Details
Receive: $3157.26 AUD
Exchange Rate: 0.3162
(Inverse 1AUD=MYR 3.1626)
Fees: MYR 15
Total Cost : 6.59% (from mid-rate: 0.3380)
Receive AUD $172 less than with   OFX
This is the amount of money that could be received by your transfer at rate MYR/AUD=0.3162 and inclusive of the fee of MYR 15.

Travel Money MYR to AUD - Costs Compared

The below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.


Buy Travel Money from Travelex

Our other partners aren't publishing any live MYR/AUD rates right now.

You can calculate with the latest MYR/AUD market rate (Interbank mid-rate).


Getting a good market rate is mainly about timing however 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 comparison calculators make shopping around easy and help you calculate how much you can save.

Why can't I just get the same MYR/AUD market rate I see on Google or in the Media?

When you look up the current Malaysian ringgit to Australian dollar exchange rate on the web the figure you find quoted on sites like google or mentioned on TV is commonly referred to as the mid-market rate.

Getting a great MYR to AUD mid-market rate is all about timing, so unless you are able to wait, watch and time the market this is largely beyond your control. This rate will go up and down with varying amounts of volatility depending on the currency pair.

This mid-market rate is really only a reference and is just the starting point for calculating the actual rate you will get for your transaction, luckily we can also use this same rate to determine how good a deal a rate that a provider offers you actually is.

You can use the below MYR to AUD calculator to convert currency amounts using the latest mid-market exchange rates. Then choose your transaction type for specific Malaysian ringgit cross rates and reviews of leading foreign exchange providers versus the Banks.


3. Currency News, Research and Forecasts for Malaysian ringgit and Australian dollar

Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency is always determined quoted in comparison to another currency.

So it follows that if you are determining the best time to transact, in this case the MYR vs AUD, you should pay attention to both Malaysian ringgit and Australian dollar news and forecasts.

Malaysian ringgit (MYR) - Market news and forecasts

The ringgit had a strong start to 2018. The currency climbed in early April to a 2-year high against the dollar (3.856), to an 11-month high against the euro (4.727) and to a 21-month high against the Australian dollar (2.957). At the time of this report, the ringgit was Asia’s second best performing currency of the year.

Investors will have to suffer greater volatility in ringgit markets in the second quarter, thinks the team at UOB, due to growing trade tensions between the US and China, which threatens the outlook of export-driven Asian economies like Malaysia. Any significant escalation of trade tensions might see investors sell the ringgit as they seek the relative safety of dollars, euros, yen and similar currencies. The ringgit will, however, be among the most resilient Asian currencies in the face of a trade war, says the bank, due to favourable domestic growth drivers.

UOB expects the ringgit to strengthen further by year-end to 3.8 per dollar.

Australian dollar (AUD) - Market news and forecasts

The Australian dollar took a hit in February and March, during which it gave up 4% of its value against the US dollar, and it continues to struggle in April.

In the third week of April, a rather dovish set of RBA meeting minutes eliminated gains made during a modest recovery period earlier in the month and the Aussie was once again in the mid-0.76s versus USD – it had been as high as 0.813 in January – and was close to long-term lows against the euro, in the low 0.62s.

Over the medium term, the Australian dollar is likely to receive support from commodities, which will continue to rally according to a PIMCO analyst. Speaking in April, the analyst said that commodities “would shine” given the transition to an environment in which low and stable inflation is preferable.

Any support lent by commodities will, however, be offset by a central bank that sees little reason for a near-term increase in interest rates and by uncertainties surrounding a potential US-China trade war. Trade tensions were at least eased when at the Boao Forum in April, Chinese President Xi Jinping spoke of the need to ease tariffs and further open up China’s economy.

In March, the median estimate of analysts polled by Reuters had AUD/USD at 0.78 at year-end.