Switch

MYR to PHP - Compare Rates

Malaysian Ringgit to Philippine Peso exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

Latest interbank rate (wholesale):

1 MYR = 11.78 PHP

Sell MYR / Buy PHP 


MYR/PHP - Trend & Alerts

MYR/PHP at 11.78 is a little above its 90-DAY average, range 11.54 - 11.86 .
🔔 Today MYR/PHP is UP 0.5% and at 60-DAY HIGHS.
|
Alerts:1-DAY0.5% | 60-DAY HIGHS |
 
 

Comparing MYR PHP Exchange Rates

You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the 'Wholesale' rate (interbank mid-rate) plus any fixed or percentage fees.

These margins and fees can vary significantly for International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the exchange rate margin will also vary depending on the currency pair and total amount.

 
Loading
 
Loading
 

Malaysian Ringgit to Philippine Peso - Quick Conversions

MYR PHP
RM 1 11.78
RM 5 58.90
RM 10 117.80
RM 20 235.60
RM 50 589.00
RM 100 1,178
RM 250 2,945
RM 500 5,890
RM 1,000 11,780
RM 2,000 23,560
RM 5,000 58,900
RM 10,000 117,800
RM 50,000 589,000
RM 100,000 1,178,000
More amounts
MYR PHP
RM 0.0849 ₱ 1
RM 0.4244 ₱ 5
RM 0.8487 ₱ 10
RM 1.6974 ₱ 20
RM 4.2435 ₱ 50
RM 8.4870 ₱ 100
RM 21.22 ₱ 250
RM 42.44 ₱ 500
RM 84.87 ₱ 1,000
RM 169.74 ₱ 2,000
RM 424.35 ₱ 5,000
RM 848.70 ₱ 10,000
RM 4,244 ₱ 50,000
RM 8,487 ₱ 100,000
More amounts

To calculate other MYR/PHP FROM or TO amounts at wholesale rate use our home-page quick & easy Calculate MYR to PHP .

Country Guides - Philippine Peso

 
PhilippinesPhilippines (PHP)
   

Malaysian Ringgit - Philippine Peso Forecasting

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)

The Malaysian ringgit is up around 2.5% against the US dollar for 2020 (in August) and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade - the ability to earn higher interest when holding MYR versus other major currencies.

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.

 

Will MYR rise or fall against PHP?

This is always a difficult question as exchange rates are influenced by many factors, so a good method to consider the Malaysian Ringgit vs Philippine Peso current value is to look the MYR/PHP historic rate and change over a range of periods.

The following table looks at the change in the MYR to PHP exchange rate over periods from the previous week back to the last 10 years.

MYR/PHP ratePeriod
08 Sep 2020 : 11.66941 Week
16 Aug 2020 : 11.614330 Days
17 Jun 2020 : 11.689790 Days
16 Sep 2019 : 12.54361 Year
17 Sep 2015 : 10.99185 Years
18 Sep 2010 : 14.243010 Years

MYR/PHP 10 year historic rates

 

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 BER.me FX Alerts