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MYR to EUR - Compare Rates

Malaysian Ringgit to Euro exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 MYR = 0.2061 EUR

Sell MYR / Buy EUR 


MYR/EUR - Trend & Alerts

MYR/EUR at 0.2061 is a little above its 90-DAY average, range 0.1991 - 0.2096 .
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1-DAY0.5% (2d)60-DAY-HIGH (1d)
 
 

Comparing MYR EUR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
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Malaysian Ringgit to Euro - Quick Conversions

MYR EUR
RM 1 0.2061
RM 5 1.0305
RM 10 2.0610
RM 20 4.1220
RM 50 10.31
RM 100 20.61
RM 250 51.53
RM 500 103.05
RM 1,000 206.10
RM 2,000 412.20
RM 5,000 1,031
RM 10,000 2,061
RM 50,000 10,305
RM 100,000 20,610
More amounts
MYR EUR
RM 4.8521 € 1
RM 24.26 € 5
RM 48.52 € 10
RM 97.04 € 20
RM 242.61 € 50
RM 485.21 € 100
RM 1,213 € 250
RM 2,426 € 500
RM 4,852 € 1,000
RM 9,704 € 2,000
RM 24,261 € 5,000
RM 48,521 € 10,000
RM 242,605 € 50,000
RM 485,210 € 100,000
More amounts

To calculate other MYR/EUR FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate MYR to EUR .

Country Guides - Euro

 
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Malaysian Ringgit - Euro Forecasting

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

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding MYR versus other major currencies.

Read more in the article MYR Forecasts.

 

Euro (EUR)

The euro is currently a more appealing investment than the US dollar as fiscal support and COVID-19 containment open the door to a faster paced recovery than what is likely in the US. With current USD weakness and strong long-term prospects for the European Union, there is speculation that the euro could be a contender as the world’s new reserve currency. In the short term the euro could be susceptible to swings, however in the longterm the euro has very good prospects. The currency is poised to move above 1.1850 and extend toward 1.20 in coming weeks.

In mid-July euro strengthened four-month highs (around 1.15 against the US dollar) as european leaders delivered a difficult agreement on a coronavirus rescue package to help member states manage the economic downturn.

The historic stimulus package will see the bloc issue 750 billion euros (US$860 billion) of joint debt and is seen by market commentators as positive for the euro.

The Euro spent 2019 on a downwards trajectory, starting the year with highs at US1.1550 but then slid all year until October where it bottomed out at US$1.09 on Oct 1, close to long-term lows. Since then it has climbed back over the 1 year average of US1.11 towards US1.20.

Read more in the article EUR Forecasts.

 

How to get Best MYR to EUR 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.

 

Will MYR rise or fall against EUR?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian Ringgit vs Euro current value is to look the MYR/EUR historic rate and change over a range of periods.

The following table looks at the change in the MYR to EUR exchange rate over periods from the previous week back to the last 10 years.

MYR/EUR ratePeriod
15 Sep 2020 : 0.20441 Week
23 Aug 2020 : 0.202830 Days
24 Jun 2020 : 0.207890 Days
23 Sep 2019 : 0.21771 Year
24 Sep 2015 : 0.20425 Years
25 Sep 2010 : 0.240710 Years

MYR/EUR 10 year historic rates

 

When is the best time to exchange MYR to EUR?

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 BER.me FX Alerts