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MYR to IDR - Best Rates Guide

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

 

Latest wholesale rate

1 MYR = 3452.5 IDR
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Malaysian Ringgit to Indonesian Rupiah
- Trend & Alerts

MYRIDR at 3484.82 is a little below its 90-DAY average, range 3412.71-3612.24.
🔔 MYRIDR is UP 0.5% TODAY and at 14-DAY HIGHS.
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Alerts:1-DAY0.5% | 14-DAY HIGHS |
 
MYR to IDR chart

View My Alerts

     

Comparing MYR to IDR Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale MYR/IDR rate ( interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for MYR to IDR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.

 
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Malaysian Ringgit to Indonesian Rupiah - Quick Conversions

MYR IDR
RM 1 Rp 3,453
RM 5 Rp 17,263
RM 10 Rp 34,525
RM 20 Rp 69,050
RM 50 Rp 172,625
RM 100 Rp 345,250
RM 250 Rp 863,125
RM 500 Rp 1,726,250
RM 1,000 Rp 3,452,500
RM 2,000 Rp 6,905,000
RM 5,000 Rp 17,262,500
RM 10,000 Rp 34,525,000
RM 50,000 Rp 172,625,000
RM 100,000 Rp 345,250,000
More amounts
MYR IDR
RM 0.0003 Rp 1
RM 0.0015 Rp 5
RM 0.0029 Rp 10
RM 0.0058 Rp 20
RM 0.0145 Rp 50
RM 0.0290 Rp 100
RM 0.0725 Rp 250
RM 0.1450 Rp 500
RM 0.2900 Rp 1,000
RM 0.5800 Rp 2,000
RM 1.4500 Rp 5,000
RM 2.9000 Rp 10,000
RM 14.50 Rp 50,000
RM 29.00 Rp 100,000
More amounts

Calculate other MYR/IDR amounts (from or to) at mid-market with our MYR to IDR Calculator .

 

Malaysian Ringgit and Indonesian Rupiah - Market News

 

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)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.

Get more details in the article Malaysian Ringgit Forecasts.

 

Indonesian Rupiah (IDR)

IDR is up over 5% against the US dollar for 2020 (in August) and is 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.

   

Country Guides - Indonesian Rupiah

 
IndonesiaIndonesia (IDR)
     

How to get Best MYR to IDR Exchange Rates

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.

MYR/IDRPeriod
3457.30
24 Nov 2020
1 Week
3523.90
01 Nov 2020
30 Days
3560.88
02 Sep 2020
90 Days
3381.04
02 Dec 2019
1 Year
3264.37
03 Dec 2015
5 Years
2868.41
04 Dec 2010
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.

 

View My Alerts

 

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.