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MYR to PHP - Rate Guide

Malaysian Ringgit to Philippine 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 = 12.2 PHP

   Sell MYR / Buy PHP  Switch

MYR to PHP - Trading Range (90 Day)
ALERT: 30-DAY LOWS 🔔 |
MYR/PHP at 12.19 is trading 0.9% below the 90-day average 12.3 with a range 12.12 to 12.56. ALERT: MYR/PHP has dropped to 30-DAY LOWS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

More Charts


Quick Conversions from Malaysian Ringgit to Philippine Peso

MYR

PHP

RM 1
12.20
RM 5
61.00
RM 10
122.00
RM 20
244.00
RM 50
610.00
RM 100
1,220
RM 250
3,050
RM 500
6,100
RM 1,000
12,200
RM 2,000
24,400
RM 5,000
61,000
RM 10,000
122,000
RM 50,000
610,000
RM 100,000
1,220,000
More amounts

MYR

PHP

RM 0.0820
1
RM 0.4098
5
RM 0.8197
10
RM 1.6393
20
RM 4.0983
50
RM 8.1966
100
RM 20.49
250
RM 40.98
500
RM 81.97
1,000
RM 163.93
2,000
RM 409.83
5,000
RM 819.66
10,000
RM 4,098
50,000
RM 8,197
100,000
More amounts

To calculate specific MYR/PHP amounts use our Convert MYR to PHP 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/PHP International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

MYR to PHP International Money Transfers

  

Foreign Transfer ProvidersReceive PHP(₱)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
121,27812.19RM510.65%
OFX logo
120,60012.060 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
116,62211.78RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
116,62211.78RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
116,62211.78RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
115,83111.66155.11%
HSBC logo
115,12711.53RM155.69%
Citibank International Money Transfers
Citibank logo
114,16311.43126.48%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→PHP
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:12.19 (0.14% from mid-rate)
To Amount (PHP)121,278
Total Cost:0.65%
Time:1:09 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→PHP
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:12.06 (1.2% from mid-rate)
To Amount (PHP)120,600
Total Cost:1.2%
Difference:
₱678 PHP less than using TransferWise
Time:
Rate Fetched: 1:09 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→PHP
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:11.78 (3.5% from mid-rate)
To Amount (PHP)116,622
Total Cost:4.46%
Difference:
₱4,656 PHP less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→PHP
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:11.78 (3.5% from mid-rate)
To Amount (PHP)116,622
Total Cost:4.46%
Difference:
₱4,656 PHP less than using TransferWise
Time:1:09 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→PHP
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:11.78 (3.5% from mid-rate)
To Amount (PHP)116,622
Total Cost:4.46%
Difference:
₱4,656 PHP less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→PHP
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:11.66 (4.48% from mid-rate)
To Amount (PHP)115,831
Total Cost:5.11%
Difference:
₱5,447 PHP less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→PHP
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:11.53 (5.55% from mid-rate)
To Amount (PHP)115,127
Total Cost:5.69%
Difference:
₱6,151 PHP less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→PHP
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:11.43 (6.37% from mid-rate)
To Amount (PHP)114,163
Total Cost:6.48%
Difference:
₱7,115 PHP less than using TransferWise
Time:1:09 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 & PHP)

MalaysiaMalaysia (MYR)PhilippinesPhilippines (PHP)

MYR and PHP in the Markets

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

 

Philippine Peso (PHP)

It’s been a solid start to 2019 for the Philippine peso, which is up slightly (between 0.6 and 2 percent) against the US dollar, Australian dollar and euro. The peso has rebounded from 13-year lows struck in the fourth quarter of last year courtesy of economic reforms, proposed fiscal spending and an S&P credit rating upgrade.

The peso slipped in the week leading up to May’s Bangko Sentral ng Pilipinas meeting, with traders correctly forecasting an interest rate cut (the first since 2016). The BSP is able to lower rates because inflation has halved over the past 6 months and is back at targeted levels.

The peso steadied post-BSP at levels near 52.2 per USD but might be pressured in the months ahead from further policy easing, which hasn’t been ruled out.

Per an ING analyst, the BSP will be comfortable with peso exchange rates between 52 and 55 per USD, but beyond these levels they might intervene in markets. ING is forecasting USD/PHP at 54 at year-end.


How to get Best MYR to PHP 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 PHP?

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/PHP exchange rate over longer periods.

MYR/PHP - Historical Rates

PeriodMYR/PHPDate
1 Day12.257410 Feb 2020
7 Day12.347104 Feb 2020
30 Day12.399712 Jan 2020
3 Month12.247613 Nov 2019
1 Year12.814111 Feb 2019
5 Year12.321312 Feb 2015
10 Year13.521913 Feb 2010

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