Loading...

Home pages - full list (A-Z)

MYR/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 transactions as shown below.

 

MYR/EUR Exchange Rates and Providers Compared

This guide to the Malaysian Ringgit to Euro exchange rate with 90-day chart & alerts, historic rates, forecasts and MYR to EUR 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/EUR Calculator.

My Watchlist

MYR/EUR - 90 Day Rate Alerts

1 MYR = 0.2176 EUR

NO ALERTS for MYR/EUR
MYR/EUR over the last 90 days

View MYR/EUR - 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/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
Instarem logo
2,160 EUR0.21600.6%
OFX logo
2,147 EUR0.21470 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
2,076.03 EUR0.2097RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
2,076.03 EUR0.2097RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
2,076.03 EUR0.2097RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
2,062 EUR0.2076155.11%
HSBC logo
2,049.92 EUR0.2053RM155.66%
Citibank International Money Transfers
Citibank logo
2,031.56 EUR0.2034126.51%
 

Instarem logo

Instarem: Foreign Transfer MYR→EUR
From Amount:10,000 MYR
Fee:0
Exchange Rate:0.2160 (0.6% from mid-rate)
To Amount:2,160 EUR
Total Cost:0.6%
Time:1:07 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 

OFX logo

OFX: Foreign Transfer MYR→EUR
From Amount:10,000 MYR
Fee:0 for BER users (normally $15)
Exchange Rate:0.2147 (1.2% from mid-rate)
To Amount:2,147 EUR
Total Cost:1.2%
Difference:
13 EUR 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→EUR
From Amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.2097 (3.5% from mid-rate)
To Amount:2,076.03 EUR
Total Cost:4.46%
Difference:
84 EUR 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→EUR
From Amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.2097 (3.5% from mid-rate)
To Amount:2,076.03 EUR
Total Cost:4.46%
Difference:
84 EUR 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→EUR
From Amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.2097 (3.5% from mid-rate)
To Amount:2,076.03 EUR
Total Cost:4.46%
Difference:
84 EUR 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→EUR
From Amount:10,000 MYR
Fee:15
Exchange Rate:0.2076 (4.46% from mid-rate)
To Amount:2,062 EUR
Total Cost:5.11%
Difference:
98 EUR less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logo

HSBC: Foreign Transfer MYR→EUR
From Amount:10,000 MYR
Fee:RM15 MYR (.15%)
Exchange Rate:0.2053 (5.52% from mid-rate)
To Amount:2,049.92 EUR
Total Cost:5.66%
Difference:
110 EUR 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→EUR
From Amount:10,000 MYR
Fee:12
Exchange Rate:0.2034 (6.4% from mid-rate)
To Amount:2,031.56 EUR
Total Cost:6.51%
Difference:
128 EUR less than using Instarem
Time:1:07 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 09/23/2019 - See full table

MYR / EUR converter & margin calculator

RMMYR
€EUR
mid-rates

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

Foreign Transfers

Foreign Transfers Travel Money

Malaysian Ringgit

Euro

1 MYR 0.2176 EUR
5 MYR 1.0880 EUR
10 MYR 2.1760 EUR
20 MYR 4.3520 EUR
50 MYR 10.88 EUR
100 MYR 21.76 EUR
250 MYR 54.40 EUR
500 MYR 108.80 EUR
1,000 MYR 217.60 EUR
2,000 MYR 435.20 EUR
5,000 MYR 1,088.00 EUR
10,000 MYR 2,176.00 EUR
50,000 MYR 10,880.00 EUR
100,000 MYR 21,760.00 EUR
See more

Malaysian Ringgit

Euro

4.5960 MYR 1 EUR
22.98 MYR 5 EUR
45.96 MYR 10 EUR
91.92 MYR 20 EUR
229.80 MYR 50 EUR
459.60 MYR 100 EUR
1,149.00 MYR 250 EUR
2,298.00 MYR 500 EUR
4,596.00 MYR 1,000 EUR
9,192.00 MYR 2,000 EUR
22,980.00 MYR 5,000 EUR
45,960.00 MYR 10,000 EUR
229,800.00 MYR 50,000 EUR
459,600.00 MYR 100,000 EUR
See more
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/EUR - Historical Trends

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

PeriodMYR/EURDate
1 Day0.218116 Sep 2019
7 Day0.217210 Sep 2019
30 Day0.215818 Aug 2019
3 Month0.213219 Jun 2019
1 Year0.207117 Sep 2018
5 Year0.240018 Sep 2014
10 Year0.195319 Sep 2009

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

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

 

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)

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 and British pound between mid-April and mid-June. Due to a stronger US dollar, EUR/USD was down 2 percent on the year at $1.12, close to long-term lows.

Read more in the article EUR Forecasts.

Why can't I just get the MYR/EUR 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 / EUR 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