Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
    eg: USDCAD, GBP/EUR, AUD to USD, 500 Pound to Yen, 15K Dollar Peso, Send Japan

    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
    1-DAY-0.6%
    90-DAYLOW


     

    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.

     

    Loading rates...

    ProviderAmountsRateCost
     
     
     
                       
     
                       

                       
                         
     
     
     
     
     
                       
     
                       

                       
                         
     
     
     
     
     
                       
     
                       

                       
                         
     
     
                                    
                                                                                
     

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

     
     

    Malaysian ringgit to Indonesian rupiah - Recent Trend

     
    MYR to IDR at 3401 has fallen 1.7% below its 90-day average, range 3401-3513.
    |
    1-DAY-0.6%
    90-DAYLOW
     
    MYR to IDR Interbank mid-market We compare bank & FX provider rates to these wholesale mid-market rates. Read more rate

    View My Rates

     
     
     

    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.

    MYR/IDRPeriod
    20 Jul 2021
    3444.83
    1 Week
    27 Jun 2021
    3470.86
    30 Days
    28 Apr 2021
    3524.68
    90 Days
    27 Jul 2020
    3406.07
    1 Year
    28 Jul 2016
    3230.21
    5 Years
    30 Jul 2011
    2863.43
    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 Rates

     

    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

     

    ^ Scroll back up to ^

    ^