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Best MYR to INR Exchange Rates Compared Live

The best MYR to INR exchange rate is 17.62. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-INR Best Exchange Rate Calculator
 

Comparing MYR-INR exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Malaysian ringgit (MYR) to Indian rupee (INR) rates from different sources before making a conversion.

The above Ringgit to Rupee comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest MYR-INR mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to INR Market Data

Malaysian ringgit (MYR) to Indian rupee (INR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
1 MYR =
17.62We compare provider deals to this wholesale mid-market rate. Read more
INR
-0.2%
📈1W
MYR to INR at 17.61 is near its 3-month average, having traded in a quite stable 4.9% range from 17.27 to 18.12
|
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  1 INR = 0.056766 MYR
DateMYR/INRChangePeriod
13 Mar 2024
17.67
0.3% â–¼2 Week
28 Dec 2023
17.99
2.1% â–¼3 Month
28 Mar 2023
18.63
5.4% â–¼1 Year
29 Mar 2019
17.01
3.6% â–²5 Year
30 Mar 2014
18.32
3.8% â–¼10 Year
01 Apr 2004
11.42
54.3% â–²20 Year
MYR/INR historic rates & change to 27-Mar-2024
 

What are equivalent amounts of MYR and INR?

Here are some popular conversion amounts for MYR to INR (Malaysian ringgit to Indian rupee)*.

MYR INR
RM 1 17.62
RM 5 88.10
RM 10 176.20
RM 20 352.40
RM 50 881.00
RM 100 1,762
RM 250 4,405
RM 500 8,810
RM 1,000 17,620
RM 2,000 35,240
RM 5,000 88,100
RM 10,000 176,200
RM 20,000 352,400
RM 50,000 881,000
RM 100,000 1,762,000
MYR INR
RM 0.0568 ₹ 1
RM 0.2838 ₹ 5
RM 0.5677 ₹ 10
RM 1.1353 ₹ 20
RM 2.8383 ₹ 50
RM 5.6766 ₹ 100
RM 14.19 ₹ 250
RM 28.38 ₹ 500
RM 56.77 ₹ 1,000
RM 113.53 ₹ 2,000
RM 283.83 ₹ 5,000
RM 567.66 ₹ 10,000
RM 1,135 ₹ 20,000
RM 2,838 ₹ 50,000
RM 5,677 ₹ 100,000

More amounts

*Converted at the current MYRINR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

Forecasts for MYR to INR

 

FX analysts have provided varying forecasts for the Malaysian Ringgit (MYR) against the Indian Rupee (INR) exchange rate. Some analysts predict continued weakness for the MYR against a strong USD, with expectations of the USD/MYR pair trending higher, potentially reaching towards 4.95. Factors such as sustained USD strength could impact the MYR negatively, while there is a consensus that the MYR may remain under pressure with occasional rebounds in the near term. On the other hand, for the INR, analysts do not foresee any easing measures from the Reserve Bank of India (RBI) until 2024, expecting the USD to INR exchange rate to fluctuate within the 82-84 range. Concerns surrounding elevated US Treasury yields, a weak yuan, and crude oil prices are anticipated to weigh on the rupee initially, although some stabilization in these factors could offer support later on.

Read our full review of recent MYR to INR forecasts.

 

How to get a good MYR to INR exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to Indian rupee:

  1. Shop around for the best MYR/INR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the MYR/INR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and INR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying Indian rupee with Malaysian ringgit, then it's better for the MYR/INR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

Will the Malaysian ringgit rise against the Indian rupee?

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/INR to your personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


 

Read our Currency guide to India - a practical currency and money guide to travel, living and doing business in India with the Indian rupee.

 
 
 

Currency Country Guides

IndiaIndia (INR)MalaysiaMalaysia (MYR)
 

How is the cost of living in India?

The cost of living in India is relatively low compared to developed countries. Basic goods and services cost less than 50% of what they cost in developed nations.

How is the expat life in India?

The expat life in India can be very exciting and enriching. There are many things to see and do, and the people are generally very friendly and welcoming. India can be a challenging place to live at times, but it is also very rewarding.

Read more at our India (INR) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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