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MYR to NOK - Rate Guide

Malaysian Ringgit to Norwegian Krone 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 = 2.2256 NOK

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MYR to NOK - Trading Range (90 Day)
ALERTS: 1-DAY ▼ 0.8% 🔔 | 14-DAY LOWS 🔔 |
MYR/NOK at 2.2253 is trading 1.2% above the 90-day average 2.1981 with a range 2.1372 to 2.2551. ALERTS: Today MYR/NOK is DOWN 0.8% and has also dropped to 14-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Norwegian Krone

MYR

NOK

RM 1
kr 2.2256
RM 5
kr 11.13
RM 10
kr 22.26
RM 20
kr 44.51
RM 50
kr 111.28
RM 100
kr 222.56
RM 250
kr 556.40
RM 500
kr 1,113
RM 1,000
kr 2,226
RM 2,000
kr 4,451
RM 5,000
kr 11,128
RM 10,000
kr 22,256
RM 50,000
kr 111,280
RM 100,000
kr 222,560
More amounts

MYR

NOK

RM 0.4493
kr 1
RM 2.2465
kr 5
RM 4.4930
kr 10
RM 8.9860
kr 20
RM 22.47
kr 50
RM 44.93
kr 100
RM 112.33
kr 250
RM 224.65
kr 500
RM 449.30
kr 1,000
RM 898.60
kr 2,000
RM 2,247
kr 5,000
RM 4,493
kr 10,000
RM 22,465
kr 50,000
RM 44,930
kr 100,000
More amounts

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

NorwayNorway (NOK)Bouvet IslandBouvet Island (NOK)MalaysiaMalaysia (MYR)
Svalbard and Jan MayenSvalbard and Jan Mayen (NOK)

MYR and NOK in the Markets

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

 

Norwegian Krone (NOK)

Sentiment on the krone improved drastically in June after Norway’s central bank raised interest rates and signalled further hikes this year, thereby bucking the trend for lower-rates globally.

Prior to this, against the US dollar, the krone had tested the massive 8.8 per USD level, a break of which would have had the krone at its weakest level in 3 years. The greenback was back buying 8.5 krone at the time of this report.

Late last year, against the euro, the krone struck a 10-year low of 10.057 per EUR; it has since recovered to levels near 9.65.

Danske Bank said following June’s meeting of the Norges Bank that it favoured more krone strength in the third quarter.


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

PeriodMYR/NOKDate
1 Day2.233617 Feb 2020
7 Day2.236611 Feb 2020
30 Day2.197219 Jan 2020
3 Month2.191920 Nov 2019
1 Year2.109918 Feb 2019
5 Year2.087819 Feb 2015
10 Year1.750520 Feb 2010

When is the best time to exchange MYR to NOK?

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