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MYR to IDR - Rate Guide

Malaysian Ringgit to Indonesian Rupiah 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 = 3306.6 IDR

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MYR to IDR - Trading Range (90 Day)
ALERTS: 1-DAY ▼ 0.7% 🔔 | 90-DAY LOWS 🔔 |
MYR/IDR at 3280.76 is trading 2.4% below the 90-day average 3361.14 with a range 3280.76 to 3398.38. ALERTS: Today MYR/IDR is DOWN 0.7% and has also dropped to 90-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

More Charts


Quick Conversions from Malaysian Ringgit to Indonesian Rupiah

MYR

IDR

RM 1
Rp 3,307
RM 5
Rp 16,533
RM 10
Rp 33,066
RM 20
Rp 66,132
RM 50
Rp 165,330
RM 100
Rp 330,660
RM 250
Rp 826,650
RM 500
Rp 1,653,300
RM 1,000
Rp 3,306,600
RM 2,000
Rp 6,613,200
RM 5,000
Rp 16,533,000
RM 10,000
Rp 33,066,000
RM 50,000
Rp 165,330,000
RM 100,000
Rp 330,660,000
More amounts

MYR

IDR

RM 0.0003
Rp 1
RM 0.0015
Rp 5
RM 0.0030
Rp 10
RM 0.0060
Rp 20
RM 0.0151
Rp 50
RM 0.0302
Rp 100
RM 0.0755
Rp 250
RM 0.1510
Rp 500
RM 0.3020
Rp 1,000
RM 0.6040
Rp 2,000
RM 1.5100
Rp 5,000
RM 3.0200
Rp 10,000
RM 15.10
Rp 50,000
RM 30.20
Rp 100,000
More amounts

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

 
Foreign Transfer ProvidersReceive IDR(Rp)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
32,698,184 Rp3286.58RM510.61%
OFX logo
32,503,900 Rp3250.390 for BER users (normally $15)1.2%
Banks - Average Rate International Money Transfers
31,382,655 Rp3142.98154.61%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→IDR
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:3286.58 (0.1% from mid-rate)
To Amount (IDR)32,698,184 Rp
Total Cost:0.61%
Time:1:08 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→IDR
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:3250.39 (1.2% from mid-rate)
To Amount (IDR)32,503,900 Rp
Total Cost:1.2%
Difference:
Rp194,284 IDR less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→IDR
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:3142.98 (4.46% from mid-rate)
To Amount (IDR)31,382,655 Rp
Total Cost:4.61%
Difference:
Rp1,315,529 IDR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (MYR & IDR)

IndonesiaIndonesia (IDR)MalaysiaMalaysia (MYR)

MYR and IDR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs IDR, 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.

 

Indonesian Rupiah (IDR)

The rupiah slipped in mid-May to 4-month lows against the US dollar (Rp.14,450) and yen (Rp.132), though it was steady against the Australian dollar (Rp.9,960). This pattern shows how much of the rupiah’s recent movements have been driven by risk sentiment. The rupiah remains historically weak, given its proximity to October’s 20-year low of Rp.15,265 per USD.

Weighing on investor sentiment this year has been the significant escalation in US-China trade tensions. Washington and Beijing both stepped up measures against one another.

For the rupiah, not helping matters in May was news of Indonesia’s worst monthly trade deficit in 6 years, at US$2.5 billion.

With exports struggling, Indonesia’s central bank is under pressure to lower interest rates from 6 percent, but having already pledged to support the rupiah, these rate cuts are unlikely to come, for now.

Capital Economics said in May that the rupiah would be “vulnerable to sudden falls during periods of weak risk appetite.”

DBS warned of “dire consequences” for emerging market currencies like the rupiah if no trade agreement is struck between the US and China.


How to get Best MYR to IDR 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 IDR 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 IDR exchange rate to the present day for periods going back upto 10 years.

PeriodMYR/IDRDate
1 Day3293.750517 Feb 2020
7 Day3306.527611 Feb 2020
30 Day3368.641919 Jan 2020
3 Month3370.264120 Nov 2019
1 Year3463.319318 Feb 2019
5 Year3541.836319 Feb 2015
10 Year2740.478820 Feb 2010

When is the best time to exchange MYR to IDR?

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