Loading...

MYR to SAR - Rate Guide

Malaysian Ringgit to Saudi Riyal 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 = 0.8966 SAR

   Sell MYR / Buy SAR  Switch

MYR to SAR - Trading Range (90 Day)
ALERT: 60-DAY LOWS 🔔 |
MYR/SAR at 0.9005 is trading 0.9% below the 90-day average 0.9088 with a range 0.8975 to 0.9253. ALERT: MYR/SAR has dropped to 60-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

More Charts


Quick Conversions from Malaysian Ringgit to Saudi Riyal

MYR

SAR

RM 1
0.8966
RM 5
4.4830
RM 10
8.9660
RM 20
17.93
RM 50
44.83
RM 100
89.66
RM 250
224.15
RM 500
448.30
RM 1,000
896.60
RM 2,000
1,793
RM 5,000
4,483
RM 10,000
8,966
RM 50,000
44,830
RM 100,000
89,660
More amounts

MYR

SAR

RM 1.1154
1
RM 5.5770
5
RM 11.15
10
RM 22.31
20
RM 55.77
50
RM 111.54
100
RM 278.85
250
RM 557.70
500
RM 1,115
1,000
RM 2,231
2,000
RM 5,577
5,000
RM 11,154
10,000
RM 55,770
50,000
RM 111,540
100,000
More amounts

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

 
  

MYR to SAR International Money Transfers

  

Foreign Transfer ProvidersReceive SAR(﷼)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
8,939.180.8985RM510.61%
OFX logo
8,8860.88860 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
8,592.210.8679RM1004.47%
OCBC Bank International Money Transfers
OCBC Bank logo
8,592.210.8679RM1004.47%
United Overseas Bank International Money Transfers
United Overseas Bank logo
8,592.210.8679RM1004.47%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
8,5340.8591155.12%
HSBC logo
8,484.250.8497RM155.67%
Citibank International Money Transfers
Citibank logo
8,408.90.8419126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→SAR
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:0.8985 (0.1% from mid-rate)
To Amount (SAR)8,939.18
Total Cost:0.61%
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→SAR
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:0.8886 (1.2% from mid-rate)
To Amount (SAR)8,886
Total Cost:1.2%
Difference:
﷼53 SAR 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→SAR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.8679 (3.5% from mid-rate)
To Amount (SAR)8,592.21
Total Cost:4.47%
Difference:
﷼347 SAR 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→SAR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.8679 (3.5% from mid-rate)
To Amount (SAR)8,592.21
Total Cost:4.47%
Difference:
﷼347 SAR 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→SAR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:0.8679 (3.5% from mid-rate)
To Amount (SAR)8,592.21
Total Cost:4.47%
Difference:
﷼347 SAR 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→SAR
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:0.8592 (4.47% from mid-rate)
To Amount (SAR)8,534
Total Cost:5.12%
Difference:
﷼405 SAR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→SAR
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:0.8497 (5.53% from mid-rate)
To Amount (SAR)8,484.25
Total Cost:5.67%
Difference:
﷼455 SAR 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→SAR
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:0.8419 (6.39% from mid-rate)
To Amount (SAR)8,408.9
Total Cost:6.51%
Difference:
﷼530 SAR less than using TransferWise
Time:1:09 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (MYR & SAR)

MalaysiaMalaysia (MYR)Saudi ArabiaSaudi Arabia (SAR)

MYR and SAR in the Markets

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

 

Saudi Riyal (SAR)

No recent Saudi Riyal market updates.


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

PeriodMYR/SARDate
1 Day0.904817 Feb 2020
7 Day0.907511 Feb 2020
30 Day0.925319 Jan 2020
3 Month0.900220 Nov 2019
1 Year0.919218 Feb 2019
5 Year1.033819 Feb 2015
10 Year1.099520 Feb 2010

When is the best time to exchange MYR to SAR?

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