Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
 

Best MYR to EUR Exchange Rates Compared Live

The best MYR to EUR exchange rate is 0.1957. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-EUR Best Exchange Rate Calculator
 

Comparing MYR-EUR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Euro (EUR) rates from different sources before making a conversion.

The above Ringgit to Euro comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest MYR-EUR mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to EUR Market Data

Malaysian ringgit (MYR) to Euro (EUR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
0.1957We compare provider deals to this wholesale mid-market rate. Read more
EUR
-0.2%
📈1W
MYR to EUR at 0.1952 is near its 3-month average, having traded in a very stable 3.2% range from 0.1928 to 0.1989
|
Sell MYR   â†’   Buy EUR
My Rates

Manage My Rates   


DateMYR/EURChangePeriod
13 Mar 2024
0.1948
0.2% â–²2 Week
28 Dec 2023
0.1961
0.5% â–¼3 Month
28 Mar 2023
0.2092
6.7% â–¼1 Year
29 Mar 2019
0.2183
10.6% â–¼5 Year
30 Mar 2014
0.2226
12.4% â–¼10 Year
01 Apr 2004
0.2131
8.4% â–¼20 Year
MYR/EUR historic rates & change to 27-Mar-2024
 

What are equivalent amounts of MYR and EUR?

Here are some popular conversion amounts for MYR to EUR (Malaysian ringgit to Euro)*.

MYR EUR
RM 1 0.1957
RM 5 0.9785
RM 10 1.9570
RM 20 3.9140
RM 50 9.7850
RM 100 19.57
RM 250 48.93
RM 500 97.85
RM 1,000 195.70
RM 2,000 391.40
RM 5,000 978.50
RM 10,000 1,957
RM 20,000 3,914
RM 50,000 9,785
RM 100,000 19,570
MYR EUR
RM 5.1101 € 1
RM 25.55 € 5
RM 51.10 € 10
RM 102.20 € 20
RM 255.51 € 50
RM 511.01 € 100
RM 1,278 € 250
RM 2,555 € 500
RM 5,110 € 1,000
RM 10,220 € 2,000
RM 25,551 € 5,000
RM 51,101 € 10,000
RM 102,202 € 20,000
RM 255,505 € 50,000
RM 511,010 € 100,000

More amounts

*Converted at the current MYREUR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for MYR to EUR

 

Recent forecasts and market updates suggest a mixed outlook for the Malaysian Ringgit (MYR) against the Euro (EUR). FX analysts are divided in their opinions on the MYR, with some anticipating further weakness against a strong USD, which could indirectly impact its performance against the EUR. Hong Leong Bank analysts hold a cautious view, citing the potential negative effects of sustained USD strength on the MYR. Conversely, Societe Generale predicts a potential uptrend in the USD/MYR pair, possibly reaching levels around 4.95, while Maybank expects the MYR to face ongoing pressure with occasional upward movements. The MYR is expected to be influenced by external economic factors, particularly the performance of the USD.

Read our full review of recent MYR to EUR forecasts.

 

How to get a good MYR to EUR exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to Euro:

  1. Shop around for the best MYR/EUR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the MYR/EUR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and EUR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Euro with Malaysian ringgit, then it's better for the MYR/EUR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Malaysian ringgit rise against the Euro?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add MYR/EUR to your personalised Rate Tracker to track and benefit from currency movements.

 
Track Rate
 

Manage My Rates   

 

Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to the Eurozone - a practical currency and money guide to travel, living and doing business in the Eurozone with the Euro.

 
 
 

Currency Country Guides

EurozoneEurozone (EUR)Aaland IslandsAaland Islands (EUR)AndorraAndorra (EUR)
AustriaAustria (EUR)BelgiumBelgium (EUR)CroatiaCroatia (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 BarthelemySaint Barthelemy (EUR)Saint MartinSaint Martin (EUR)
Saint Pierre and MiquelonSaint Pierre and Miquelon (EUR)San MarinoSan Marino (EUR)SlovakiaSlovakia (EUR)
SloveniaSlovenia (EUR)SpainSpain (EUR)
 

Which Eurozone country has the cheapest cost of living?

The cost of living varies greatly within the Eurozone, and it depends on various factors such as housing, transportation, healthcare, and taxes. However, some of the countries in the Eurozone with relatively lower cost of living include:

  • Greece: Greece has a relatively low cost of living compared to other Eurozone countries.

  • Portugal: Portugal has a lower cost of housing than in other Eurozone countries.

  • Spain: Spain also has a relatively low cost of living, particularly in the southern regions such as Andalusia and Murcia.

  • Ireland: Ireland has a relatively low cost of living, particularly in the regions outside the main cities like Dublin.

    Read more at our Eurozone (EUR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

^ Scroll back up to ^

^