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MYR to EUR - Rate Guide

Malaysian Ringgit to Euro 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 = 0.2201 EUR

   Sell MYR / Buy EUR  Switch

MYR to EUR - Trading Range (90 Day)
ALERTS: 1-DAY ▼ 0.6% 🔔 | 14-DAY LOWS 🔔 |
MYR/EUR at 0.2201 was trading 0.4% above the 90-day average 0.2192 with a range 0.2156 to 0.2232. ALERTS: Today MYR/EUR is DOWN 0.6% and has also dropped to 14-DAY LOWS.
21-Feb 5PM-NY 10PM-LON | 22-Feb 9AM-SYD

More Charts


Quick Conversions from Malaysian Ringgit to Euro

MYR

EUR

RM 1
0.2201
RM 5
1.1005
RM 10
2.2010
RM 20
4.4020
RM 50
11.01
RM 100
22.01
RM 250
55.03
RM 500
110.05
RM 1,000
220.10
RM 2,000
440.20
RM 5,000
1,101
RM 10,000
2,201
RM 50,000
11,005
RM 100,000
22,010
More amounts

MYR

EUR

RM 4.5439
1
RM 22.72
5
RM 45.44
10
RM 90.88
20
RM 227.20
50
RM 454.39
100
RM 1,136
250
RM 2,272
500
RM 4,544
1,000
RM 9,088
2,000
RM 22,720
5,000
RM 45,439
10,000
RM 227,195
50,000
RM 454,390
100,000
More amounts

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

 
  

MYR to EUR International Money Transfers

  

Foreign Transfer ProvidersReceive EUR(€)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
2,187.790.2199RM510.6%
OFX logo
2,1750.21750 for BER users (normally $15)1.18%
Maybank International Money Transfers
Maybank logo
2,102.760.2124RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
2,102.760.2124RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
2,102.760.2124RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
2,0880.2102155.12%
HSBC logo
2,075.880.2079RM155.68%
Citibank International Money Transfers
Citibank logo
2,057.530.206126.52%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→EUR
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:0.2199 (0.09% from mid-rate)
To Amount (EUR)2,187.79
Total Cost:0.6%
Time:1:07 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→EUR
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.2175 (1.18% from mid-rate)
To Amount (EUR)2,175
Total Cost:1.18%
Difference:
€13 EUR less than using TransferWise
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→EUR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.2124 (3.5% from mid-rate)
To Amount (EUR)2,102.76
Total Cost:4.46%
Difference:
€85 EUR less than using TransferWise
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→EUR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.2124 (3.5% from mid-rate)
To Amount (EUR)2,102.76
Total Cost:4.46%
Difference:
€85 EUR less than using TransferWise
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→EUR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.2124 (3.5% from mid-rate)
To Amount (EUR)2,102.76
Total Cost:4.46%
Difference:
€85 EUR less than using TransferWise
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→EUR
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:0.2103 (4.45% from mid-rate)
To Amount (EUR)2,088
Total Cost:5.12%
Difference:
€100 EUR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→EUR
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:0.2079 (5.54% from mid-rate)
To Amount (EUR)2,075.88
Total Cost:5.68%
Difference:
€112 EUR less than using TransferWise
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→EUR
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:0.2060 (6.41% from mid-rate)
To Amount (EUR)2,057.53
Total Cost:6.52%
Difference:
€130 EUR less than using TransferWise
Time:1:07 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 & EUR)

EurozoneEurozone (EUR)Aaland IslandsAaland Islands (EUR)AndorraAndorra (EUR)
AustriaAustria (EUR)BelgiumBelgium (EUR)CyprusCyprus (EUR)
EstoniaEstonia (EUR)FinlandFinland (EUR)FranceFrance (EUR)
French GuineaFrench Guinea (EUR)French Southern TerritoriesFrench Southern Territories (EUR)GermanyGermany (EUR)
GreeceGreece (EUR)GuadeloupeGuadeloupe (EUR)Vatican CityVatican City (EUR)
IrelandIreland (EUR)ItalyItaly (EUR)LuxembourgLuxembourg (EUR)
MalaysiaMalaysia (MYR)MaltaMalta (EUR)MartiniqueMartinique (EUR)
MayotteMayotte (EUR)MonacoMonaco (EUR)MontenegroMontenegro (EUR)
NetherlandsNetherlands (EUR)PortugalPortugal (EUR)ReunionReunion (EUR)
Saint BarthélemySaint Barthélemy (EUR)Saint MartinSaint Martin (EUR)Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)
San MarinoSan Marino (EUR)SlovakiaSlovakia (EUR)SloveniaSlovenia (EUR)
SpainSpain (EUR)

MYR and EUR in the Markets

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)

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.

 

Euro (EUR)

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 up towards the average rate for the year of US1.12, perhaps due to the less uncertainty around Brexit.

Euro sentiment dipped in mid-June after the ECB, like other major central banks of the world, ramped up its dovish rhetoric. It said that there was “considerable room” for further quantitative easing and that it would consider negative interest rates. Ordinarily, this would spark an extended euro decline but since other major currencies are also wrestling with easier central bank policies, euro depreciation may be contained.

In spite of Brexit, a slowdown in economic growth, Italian risks and persistently weak inflation — an important measure of inflation expectations fell in June to a record low — the euro did fantastically well against the Australian dollar, New Zealand dollar.

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.

What is a good MYR to EUR 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 EUR exchange rate to the present day for periods going back upto 10 years.

PeriodMYR/EURDate
1 Day0.222617 Feb 2020
7 Day0.221611 Feb 2020
30 Day0.222319 Jan 2020
3 Month0.216720 Nov 2019
1 Year0.216718 Feb 2019
5 Year0.242519 Feb 2015
10 Year0.216320 Feb 2010

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 myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all MYR Exchange Rates