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    MYR to IDR Exchange Rates

    We review Malaysian ringgit to Indonesian rupiah latest & historic FX rates along with recent MYR/IDR Trend and Alerts.


    In this Malaysian ringgit to Indonesian rupiah guide:

    Sell MYR   →   Buy IDR
    1 MYR = 3403.2 IDR
    RM1,000 MYR = Rp3,403,197 IDR
    Converted at latest MYR-IDR mid-rate.
    MYR to IDR at 3401 has fallen 1.7% below its 90-day average, range 3401-3513.
    Scroll to interactive chart


    Compare MYR to IDR Exchange Rates

    Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the wholesale MYR/IDR mid-rate (shown above) or a transaction fee and often both!

    The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using another FX provider.


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    Malaysian ringgit to Indonesian rupiah - Recent Trend

    MYR to IDR at 3401 has fallen 1.7% below its 90-day average, range 3401-3513.
    MYR to IDR Interbank mid-market We compare bank & FX provider rates to these wholesale mid-market rates. Read more rate

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    MYR - IDR - Forecasts & News

    In 2021 the rupiah has been rocked by market volatility as investors bet on a U.S. recovery.

    IDR had a good 2020 gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding IDR versus other major currencies.

    Migrant workers from Asia’s developing countries, such as Indonesia, have been sending home record amounts of money in recent months, defying pandemic expectations and propping up home economies at a critical time.

    However, it appears workers are just sending money home in advance of their own return due to a bleak job market, particularly in the Middle East.

    The Malaysian ringgit has fallen to year lows in late July on the surge in pandemic cases – nearly 200 deaths and 12,000 new COVID-19 cases. MYR Forecasts


    How to get a good MYR to IDR Exchange Rate

    There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

    Reduce Excessive costs and fees

    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 IDR exchange rate?

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

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

    20 Jul 2021
    1 Week
    27 Jun 2021
    30 Days
    28 Apr 2021
    90 Days
    27 Jul 2020
    1 Year
    28 Jul 2016
    5 Years
    30 Jul 2011
    10 Years

    MYR/IDR 10 year historic rates


    Will the Malaysian ringgit rise against the Indonesian rupiah?

    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/IDR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.


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    Rather than requiring you to set a target rate, our FX Alerts work differently.

    Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.


    More Malaysian ringgit rates


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