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MYR to SEK - Rate Guide

Malaysian Ringgit to Swedish Krona 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 = 2.346 SEK

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MYR to SEK - Trading Range (90 Day)
1-DAY ▲ 0.6% (1d)14-DAY HIGH (1d)
MYR/SEK at 2.349 is trading 1.5% above the 90-day average 2.3133 with a range 2.2538 to 2.3678. There are no current rate alerts.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to Swedish Krona

MYR

SEK

RM 1
kr 2.3460
RM 5
kr 11.73
RM 10
kr 23.46
RM 20
kr 46.92
RM 50
kr 117.30
RM 100
kr 234.60
RM 250
kr 586.50
RM 500
kr 1,173
RM 1,000
kr 2,346
RM 2,000
kr 4,692
RM 5,000
kr 11,730
RM 10,000
kr 23,460
RM 50,000
kr 117,300
RM 100,000
kr 234,600
More amounts

MYR

SEK

RM 0.4263
kr 1
RM 2.1315
kr 5
RM 4.2630
kr 10
RM 8.5260
kr 20
RM 21.32
kr 50
RM 42.63
kr 100
RM 106.58
kr 250
RM 213.15
kr 500
RM 426.30
kr 1,000
RM 852.60
kr 2,000
RM 2,132
kr 5,000
RM 4,263
kr 10,000
RM 21,315
kr 50,000
RM 42,630
kr 100,000
More amounts

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

MalaysiaMalaysia (MYR)SwedenSweden (SEK)

MYR and SEK in the Markets

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

 

Swedish Krona (SEK)

It’s been a grim 16 months for the Swedish krona. In October hitting a record low of 9.90 per USD and falling to its weakest level against the euro since the wake of the financial crisis as global trade tensions continued to take a toll.

2019 weakness has confounded forecasters, who predicted at the start of the year a much stronger currency based on expectations for higher interest rates in Sweden. With economic conditions changing for the worse, markets have now completely priced out any rate hike in 2019, spurring krona weakness.

Danske Bank said in May that “EUR/SEK is somewhat overbought … however, we believe there is a clear risk that Swedish growth and inflation will undershoot the Riksbank’s forecasts … and that monetary policy will have to remain accommodative for the foreseeable future.” As a result, Danske raised its 12-month EUR/SEK forecast to 11.00 to reflect its more bearish krona outlook.


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

PeriodMYR/SEKDate
1 Day2.337617 Feb 2020
7 Day2.330511 Feb 2020
30 Day2.347319 Jan 2020
3 Month2.313820 Nov 2019
1 Year2.267818 Feb 2019
5 Year2.318319 Feb 2015
10 Year2.126920 Feb 2010

When is the best time to exchange MYR to SEK?

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