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MYR to MXN - Rate Guide

Malaysian Ringgit to Mexican Peso 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 = 4.4823 MXN

   Sell MYR / Buy MXN  Switch

MYR to MXN - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
MYR/MXN at 4.4793 is trading 2.7% below the 90-day average 4.6036 with a range 4.4781 to 4.6903. ALERT: MYR/MXN has dropped to 90-DAY LOWS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Mexican Peso

MYR

MXN

RM 1
Mex$ 4.4823
RM 5
Mex$ 22.41
RM 10
Mex$ 44.82
RM 20
Mex$ 89.65
RM 50
Mex$ 224.12
RM 100
Mex$ 448.23
RM 250
Mex$ 1,121
RM 500
Mex$ 2,241
RM 1,000
Mex$ 4,482
RM 2,000
Mex$ 8,965
RM 5,000
Mex$ 22,412
RM 10,000
Mex$ 44,823
RM 50,000
Mex$ 224,115
RM 100,000
Mex$ 448,230
More amounts

MYR

MXN

RM 0.2231
Mex$ 1
RM 1.1155
Mex$ 5
RM 2.2310
Mex$ 10
RM 4.4620
Mex$ 20
RM 11.16
Mex$ 50
RM 22.31
Mex$ 100
RM 55.78
Mex$ 250
RM 111.55
Mex$ 500
RM 223.10
Mex$ 1,000
RM 446.20
Mex$ 2,000
RM 1,116
Mex$ 5,000
RM 2,231
Mex$ 10,000
RM 11,155
Mex$ 50,000
RM 22,310
Mex$ 100,000
More amounts

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

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for MYR/MXN International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

MYR to MXN International Money Transfers

  

Foreign Transfer ProvidersReceive MXN(Mex$)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
44,541 Mex$4.4769RM510.61%
OFX logo
44,276 Mex$4.42760 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
42,814 Mex$4.3246RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
42,814 Mex$4.3246RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
42,814 Mex$4.3246RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
42,523 Mex$4.2805155.11%
HSBC logo
42,273 Mex$4.2337RM155.67%
Citibank International Money Transfers
Citibank logo
41,898 Mex$4.1948126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:4.4769 (0.1% from mid-rate)
To Amount (MXN)44,541 Mex$
Total Cost:0.61%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:4.4276 (1.2% from mid-rate)
To Amount (MXN)44,276 Mex$
Total Cost:1.2%
Difference:
Mex$265 MXN less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:4.3246 (3.5% from mid-rate)
To Amount (MXN)42,814 Mex$
Total Cost:4.46%
Difference:
Mex$1,727 MXN less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:4.3246 (3.5% from mid-rate)
To Amount (MXN)42,814 Mex$
Total Cost:4.46%
Difference:
Mex$1,727 MXN less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:4.3246 (3.5% from mid-rate)
To Amount (MXN)42,814 Mex$
Total Cost:4.46%
Difference:
Mex$1,727 MXN less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:4.2813 (4.47% from mid-rate)
To Amount (MXN)42,523 Mex$
Total Cost:5.11%
Difference:
Mex$2,018 MXN less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:4.2337 (5.53% from mid-rate)
To Amount (MXN)42,273 Mex$
Total Cost:5.67%
Difference:
Mex$2,268 MXN less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→MXN
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:4.1948 (6.4% from mid-rate)
To Amount (MXN)41,898 Mex$
Total Cost:6.51%
Difference:
Mex$2,643 MXN less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/17/2020 - View latest rates

Country Guides (MYR & MXN)

MalaysiaMalaysia (MYR)MexicoMexico (MXN)

MYR and MXN in the Markets

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

 

Mexican Peso (MXN)

At 18.8 per US dollar, the Mexican peso was trading on April-20 close to its strongest level in 6 ½ months, though it was meeting significant resistance (USD/MXN support) at 18.75—a level from which the peso was repelled twice last October, in March, and once already in April.

Boosting the peso has been the thriving oil market. Oil is high on the list of Mexico’s top exports and by April-20 it was up 44 percent for the year to $65 per barrel.

Also supporting the peso has been the dovish turn by the Federal Reserve. With no increase in US interest rates projected this year, the dollar will weaken and the peso should gain value because Mexico holds high levels of dollar-denominated debt, which becomes easier to repay when dollars are cheap and US rates are low.

Earlier this year, ING said that the peso would be among 2019’s best performing emerging market currencies, though newly-formed BlueLine Asset Management said one if its first market bets would be on peso depreciation based on disappointing economic growth.


How to get Best MYR to MXN 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.

When is the best time to exchange MYR to MXN?

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

It is also a good idea to be aware of the change in the historic MYR/MXN exchange rate over longer periods.

MYR/MXN - Historical Rates

PeriodMYR/MXNDate
1 Day4.514910 Feb 2020
7 Day4.542804 Feb 2020
30 Day4.612112 Jan 2020
3 Month4.663013 Nov 2019
1 Year4.736411 Feb 2019
5 Year4.155012 Feb 2015
10 Year3.795813 Feb 2010

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