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MYR to LKR - Rate Guide

Malaysian Ringgit to Sri Lankan Rupee 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 = 43.48 LKR

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MYR to LKR - Trading Range (90 Day)
ALERT: 30-DAY LOWS 🔔 |
MYR/LKR at 43.69 is trading 0.5% below the 90-day average 43.89 with a range 43.04 to 44.7. ALERT: MYR/LKR has dropped to 30-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Sri Lankan Rupee

MYR

LKR

RM 1
43.48
RM 5
217.40
RM 10
434.80
RM 20
869.60
RM 50
2,174
RM 100
4,348
RM 250
10,870
RM 500
21,740
RM 1,000
43,480
RM 2,000
86,960
RM 5,000
217,400
RM 10,000
434,800
RM 50,000
2,174,000
RM 100,000
4,348,000
More amounts

MYR

LKR

RM 0.0230
1
RM 0.1150
5
RM 0.2300
10
RM 0.4600
20
RM 1.1500
50
RM 2.3000
100
RM 5.7500
250
RM 11.50
500
RM 23.00
1,000
RM 46.00
2,000
RM 115.00
5,000
RM 230.00
10,000
RM 1,150
50,000
RM 2,300
100,000
More amounts

To calculate specific MYR/LKR amounts use our Convert MYR to LKR 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 & LKR)

MalaysiaMalaysia (MYR)Sri LankaSri Lanka (LKR)

MYR and LKR in the Markets

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

 

Sri Lankan Rupee (LKR)

As of September 2018, Sri Lanka is at the top of a list of seven emerging market countries that are most likely to join nations such as Turkey and Argentina in a currency crisis according to the investment bank Nomura. "Sri Lanka is at risk of a crisis erupting at any time," the economists noted.

"With foreign exchange reserves of less than five months of import cover and high short-term external debt of around $US7.5 billion, its refinancing needs are large. Political stability also remains an issue."


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

PeriodMYR/LKRDate
1 Day43.805817 Feb 2020
7 Day43.909311 Feb 2020
30 Day44.695219 Jan 2020
3 Month43.040720 Nov 2019
1 Year44.024218 Feb 2019
5 Year36.665919 Feb 2015
10 Year33.559020 Feb 2010

When is the best time to exchange MYR to LKR?

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