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MYR/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 transactions as shown below.

 

MYR/AUD Exchange Rates and Providers Compared

This guide to the Malaysian Ringgit to Australian Dollar exchange rate with 90-day chart & alerts, historic rates, forecasts and MYR to AUD comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the MYR/AUD Calculator.

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MYR/AUD - 90 Day Rate Alerts

1 MYR = 0.3538 AUD

14-DAY HIGHS 1-DAY UP 1.7%
MYR/AUD over the last 90 days

View MYR/AUD - Interactive Chart

Exchange rates can 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
Instarem logo
3,516 AUD0.351600.62%
OFX logo
3,496 AUD0.34960 for BER users (normally $15)1.19%
Maybank International Money Transfers
Maybank logo
3,379.86 AUD0.3414RM1004.47%
OCBC Bank International Money Transfers
OCBC Bank logo
3,379.86 AUD0.3414RM1004.47%
United Overseas Bank International Money Transfers
United Overseas Bank logo
3,379.86 AUD0.3414RM1004.47%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
3,357 AUD0.3379155.12%
HSBC logo
3,336.99 AUD0.3342RM155.68%
Citibank International Money Transfers
Citibank logo
3,308.03 AUD0.3312126.5%
 

Instarem logo

Instarem: Foreign Transfer MYR→AUD
From Amount:10,000 MYR
Fee:0
Exchange Rate:0.3516 (0.62% from mid-rate)
To Amount:3,516 AUD
Total Cost:0.62%
Time:1:07 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer MYR→AUD
From Amount:10,000 MYR
Fee:0 for BER users (normally $15)
Exchange Rate:0.3496 (1.19% from mid-rate)
To Amount:3,496 AUD
Total Cost:1.19%
Difference:
20 AUD less than using Instarem
Time:
Rate Fetched: 1:07 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:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.3414 (3.5% from mid-rate)
To Amount:3,379.86 AUD
Total Cost:4.47%
Difference:
136 AUD less than using Instarem
Time:1:07 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:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.3414 (3.5% from mid-rate)
To Amount:3,379.86 AUD
Total Cost:4.47%
Difference:
136 AUD less than using Instarem
Time:1:07 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:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.3414 (3.5% from mid-rate)
To Amount:3,379.86 AUD
Total Cost:4.47%
Difference:
136 AUD less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer MYR→AUD
From Amount:10,000 MYR
Fee:15
Exchange Rate:0.3380 (4.47% from mid-rate)
To Amount:3,357 AUD
Total Cost:5.12%
Difference:
159 AUD less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer MYR→AUD
From Amount:10,000 MYR
Fee:RM15 MYR (.15%)
Exchange Rate:0.3342 (5.54% from mid-rate)
To Amount:3,336.99 AUD
Total Cost:5.68%
Difference:
179 AUD less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logo

Citibank: Foreign Transfer MYR→AUD
From Amount:10,000 MYR
Fee:12
Exchange Rate:0.3312 (6.39% from mid-rate)
To Amount:3,308.03 AUD
Total Cost:6.5%
Difference:
208 AUD less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/22/2019 - See full table

MYR / AUD converter & margin calculator

RMMYR
A$AUD
mid-rates

Compare how much you can save on MYR/AUD exchange rates for:

Foreign Transfers

Foreign Transfers Travel Money

Malaysian Ringgit

Australian Dollar

1 MYR 0.3538 AUD
5 MYR 1.7690 AUD
10 MYR 3.5380 AUD
20 MYR 7.0760 AUD
50 MYR 17.69 AUD
100 MYR 35.38 AUD
250 MYR 88.45 AUD
500 MYR 176.90 AUD
1,000 MYR 353.80 AUD
2,000 MYR 707.60 AUD
5,000 MYR 1,769.00 AUD
10,000 MYR 3,538.00 AUD
50,000 MYR 17,690.00 AUD
100,000 MYR 35,380.00 AUD
See more

Malaysian Ringgit

Australian Dollar

2.8265 MYR 1 AUD
14.13 MYR 5 AUD
28.27 MYR 10 AUD
56.53 MYR 20 AUD
141.33 MYR 50 AUD
282.65 MYR 100 AUD
706.63 MYR 250 AUD
1,413.25 MYR 500 AUD
2,826.50 MYR 1,000 AUD
5,653.00 MYR 2,000 AUD
14,132.50 MYR 5,000 AUD
28,265.00 MYR 10,000 AUD
141,325.00 MYR 50,000 AUD
282,650.00 MYR 100,000 AUD
See more
Country Guides (MYR & AUD)
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NauruNauru (AUD)Norfolk IslandNorfolk Island (AUD)TuvaluTuvalu (AUD)

MYR/AUD - Historical Trends

This table shows historic rates and trends of Malaysian Ringgit to Australian Dollar over periods upto 10 years.

PeriodMYR/AUDDate
1 Day0.349716 Sep 2019
7 Day0.350010 Sep 2019
30 Day0.352718 Aug 2019
3 Month0.348019 Jun 2019
1 Year0.338217 Sep 2018
5 Year0.345218 Sep 2014
10 Year0.331119 Sep 2009

You can use our MYR interactive charts to check MYRAUD historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

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)

In early August the Australian dollar sunk to a 10 year low of 67¢ (Aug-7) to the US dollar. This was due to the offshore yuan breaking the symbolic and closely watched USD/CNY = 7.0 exchange rate, after the trade war flared up again and the US labelled China a "currency manipulator".

Investors have sold AUD in recent months as they’ve bet on aggressive interest-rate cuts by the Reserve Bank of Australia. These bets paid off: the RBA cut its cash rate in both June and July to a record low of 1 percent.

Lower borrowing costs are necessary, investors believe, in light of persistently soft domestic data and the fallout from a US-China trade standoff that shows no sign of nearing an end.

AUD will continue to track changes in interest-rate expectations. Economists expect at least one further cut this year and many expect two by early 2020. After July's cut, the RBA hinted it would leave rates unchanged for several months.

Interestingly, AUD has decoupled from commodity prices in 2019. The price of iron ore (Australia’s largest export) nears multi-year highs while AUD languishes.

Further RBA interest rate cuts this year are now a certainty, and that doesn’t bode well for currency valuations. Westpac has predicted three cuts this year.

Read more in the article AUD Forecasts.

Why can't I just get the MYR/AUD market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the MYR / AUD was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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 foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

View all MYR Exchange Rates