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MYR to QAR - Rate Guide

Malaysian Ringgit to Qatari Rial 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 = 0.8704 QAR

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MYR to QAR - Trading Range (90 Day)
ALERT: 60-DAY LOWS 🔔 |
MYR/QAR at 0.8742 is trading 0.9% below the 90-day average 0.8821 with a range 0.8701 to 0.8979. ALERT: MYR/QAR has dropped to 60-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Qatari Rial

MYR

QAR

RM 1
0.8704
RM 5
4.3520
RM 10
8.7040
RM 20
17.41
RM 50
43.52
RM 100
87.04
RM 250
217.60
RM 500
435.20
RM 1,000
870.40
RM 2,000
1,741
RM 5,000
4,352
RM 10,000
8,704
RM 50,000
43,520
RM 100,000
87,040
More amounts

MYR

QAR

RM 1.1489
1
RM 5.7445
5
RM 11.49
10
RM 22.98
20
RM 57.45
50
RM 114.89
100
RM 287.23
250
RM 574.45
500
RM 1,149
1,000
RM 2,298
2,000
RM 5,745
5,000
RM 11,489
10,000
RM 57,445
50,000
RM 114,890
100,000
More amounts

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

MalaysiaMalaysia (MYR)QatarQatar (QAR)

MYR and QAR in the Markets

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

 

Qatari Rial (QAR)

No recent Qatari Rial market updates.


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

PeriodMYR/QARDate
1 Day0.878417 Feb 2020
7 Day0.880911 Feb 2020
30 Day0.897819 Jan 2020
3 Month0.874020 Nov 2019
1 Year0.892518 Feb 2019
5 Year1.003519 Feb 2015
10 Year1.068020 Feb 2010

When is the best time to exchange MYR to QAR?

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