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MYR to ILS - Rate Guide

Malaysian Ringgit to Israeli New Sheqel 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 = 0.8201 ILS

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MYR to ILS - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
MYR/ILS at 0.8227 is trading 1.9% below the 90-day average 0.8389 with a range 0.8227 to 0.8533. ALERT: MYR/ILS has dropped to 90-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Israeli New Sheqel

MYR

ILS

RM 1
0.8201
RM 5
4.1005
RM 10
8.2010
RM 20
16.40
RM 50
41.01
RM 100
82.01
RM 250
205.03
RM 500
410.05
RM 1,000
820.10
RM 2,000
1,640
RM 5,000
4,101
RM 10,000
8,201
RM 50,000
41,005
RM 100,000
82,010
More amounts

MYR

ILS

RM 1.2194
1
RM 6.0970
5
RM 12.19
10
RM 24.39
20
RM 60.97
50
RM 121.94
100
RM 304.85
250
RM 609.70
500
RM 1,219
1,000
RM 2,439
2,000
RM 6,097
5,000
RM 12,194
10,000
RM 60,970
50,000
RM 121,940
100,000
More amounts

To calculate specific MYR/ILS amounts use our Convert MYR to ILS 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.

Country Guides (MYR & ILS)

IsraelIsrael (ILS)MalaysiaMalaysia (MYR)

MYR and ILS in the Markets

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

 

Israeli New Sheqel (ILS)

No recent Israeli New Sheqel market updates.


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

PeriodMYR/ILSDate
1 Day0.826117 Feb 2020
7 Day0.824311 Feb 2020
30 Day0.851919 Jan 2020
3 Month0.833520 Nov 2019
1 Year0.887118 Feb 2019
5 Year1.060119 Feb 2015
10 Year1.107020 Feb 2010

When is the best time to exchange MYR to ILS?

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