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MYR to TRY - Rate Guide

Malaysian Ringgit to Turkish Lira 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 = 1.4591 TRY

   Sell MYR / Buy TRY  Switch

MYR to TRY - Trading Range (90 Day)
ALERT: 90-DAY HIGHS 🔔 |
MYR/TRY at 1.4628 is trading 2.8% above the 90-day average 1.4234 with a range 1.3669 to 1.4628. ALERT: MYR/TRY has risen to 90-DAY HIGHS.
16-Feb-2020 16:NY 21:LON 08:SYD+1d

More Charts


Quick Conversions from Malaysian Ringgit to Turkish Lira

MYR

TRY

RM 1
1.4591
RM 5
7.2955
RM 10
14.59
RM 20
29.18
RM 50
72.96
RM 100
145.91
RM 250
364.78
RM 500
729.55
RM 1,000
1,459
RM 2,000
2,918
RM 5,000
7,296
RM 10,000
14,591
RM 50,000
72,955
RM 100,000
145,910
More amounts

MYR

TRY

RM 0.6853
1
RM 3.4265
5
RM 6.8530
10
RM 13.71
20
RM 34.27
50
RM 68.53
100
RM 171.33
250
RM 342.65
500
RM 685.30
1,000
RM 1,371
2,000
RM 3,427
5,000
RM 6,853
10,000
RM 34,265
50,000
RM 68,530
100,000
More amounts

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

 
  

MYR to TRY International Money Transfers

  

Foreign Transfer ProvidersReceive TRY(₺)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
14,5431.4618RM510.62%
OFX logo
14,4571.44570 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
13,9801.4121RM1004.46%
OCBC Bank International Money Transfers
OCBC Bank logo
13,9801.4121RM1004.46%
United Overseas Bank International Money Transfers
United Overseas Bank logo
13,9801.4121RM1004.46%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
13,8851.3977155.11%
HSBC logo
13,8031.3824RM155.67%
Citibank International Money Transfers
Citibank logo
13,6811.3697126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→TRY
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:1.4618 (0.1% from mid-rate)
To Amount (TRY)14,543
Total Cost:0.62%
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→TRY
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:1.4457 (1.2% from mid-rate)
To Amount (TRY)14,457
Total Cost:1.2%
Difference:
₺86 TRY 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→TRY
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.4121 (3.5% from mid-rate)
To Amount (TRY)13,980
Total Cost:4.46%
Difference:
₺563 TRY 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→TRY
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.4121 (3.5% from mid-rate)
To Amount (TRY)13,980
Total Cost:4.46%
Difference:
₺563 TRY 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→TRY
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:1.4121 (3.5% from mid-rate)
To Amount (TRY)13,980
Total Cost:4.46%
Difference:
₺563 TRY 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→TRY
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:1.3980 (4.46% from mid-rate)
To Amount (TRY)13,885
Total Cost:5.11%
Difference:
₺658 TRY less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→TRY
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:1.3824 (5.53% from mid-rate)
To Amount (TRY)13,803
Total Cost:5.67%
Difference:
₺740 TRY 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→TRY
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:1.3697 (6.4% from mid-rate)
To Amount (TRY)13,681
Total Cost:6.51%
Difference:
₺862 TRY 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 & TRY)

MalaysiaMalaysia (MYR)TurkeyTurkey (TRY)

MYR and TRY in the Markets

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

 

Turkish Lira (TRY)

In the second half of April, the lira slipped to its weakest level in 6 months against the dollar, at ₺5.83. It was 11.5 percent lower than its strongest level from January, but was 21.5 percent higher than its 2018 low (2018 was a crisis year for the lira).

In April, Turkey described a reform package aimed at lifting the economy out of recession. The package included billions injected into banks, reduced tax exemptions, lower corporate tax rates and a crackdown on the shadow economy; however, ratings agencies did not see many positives in the plans due to inadequate details.

TradingEconomics.com sees the lira quoted 5 percent weaker against the dollar in April 2020, at ₺6.14.


How to get Best MYR to TRY 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 TRY?

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/TRY exchange rate over longer periods.

MYR/TRY - Historical Rates

PeriodMYR/TRYDate
1 Day1.449910 Feb 2020
7 Day1.454704 Feb 2020
30 Day1.441912 Jan 2020
3 Month1.386113 Nov 2019
1 Year1.295711 Feb 2019
5 Year0.687912 Feb 2015
10 Year0.444113 Feb 2010

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