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MYR to TWD - Rate Guide

Malaysian Ringgit to New Taiwan Dollar 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 = 7.2547 TWD

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MYR to TWD - Trading Range (90 Day)
ALERT: 90-DAY LOWS 🔔 |
MYR/TWD at 7.2442 is trading 1% below the 90-day average 7.3199 with a range 7.241 to 7.4159. ALERT: MYR/TWD has dropped to 90-DAY LOWS.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to New Taiwan Dollar

MYR

TWD

RM 1
NT$ 7.2547
RM 5
NT$ 36.27
RM 10
NT$ 72.55
RM 20
NT$ 145.09
RM 50
NT$ 362.74
RM 100
NT$ 725.47
RM 250
NT$ 1,814
RM 500
NT$ 3,627
RM 1,000
NT$ 7,255
RM 2,000
NT$ 14,509
RM 5,000
NT$ 36,274
RM 10,000
NT$ 72,547
RM 50,000
NT$ 362,735
RM 100,000
NT$ 725,470
More amounts

MYR

TWD

RM 0.1378
NT$ 1
RM 0.6890
NT$ 5
RM 1.3780
NT$ 10
RM 2.7560
NT$ 20
RM 6.8900
NT$ 50
RM 13.78
NT$ 100
RM 34.45
NT$ 250
RM 68.90
NT$ 500
RM 137.80
NT$ 1,000
RM 275.60
NT$ 2,000
RM 689.00
NT$ 5,000
RM 1,378
NT$ 10,000
RM 6,890
NT$ 50,000
RM 13,780
NT$ 100,000
More amounts

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

MalaysiaMalaysia (MYR)TaiwanTaiwan (TWD)

MYR and TWD in the Markets

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

 

New Taiwan Dollar (TWD)

The benchmark Taiwan dollar exchange rate, USD/TWD, has done little over the past 8 months; it continues to range between 30.5 and 31. The Taiwan dollar is worth 6 percent less against the greenback than its 2018 high.

One major currency that TWD is doing well against is the Australian dollar. TWD struck a 10-year high against the Aussie in January (21.16 per AUD), and remains close to that level in early May.

Disappointing export data (March data showed exports falling year-on-year for the fifth consecutive month) is perhaps evidence of a global tech slowdown that could put pressure on Taiwan’s currency this year due to its sensitivity to corporate earnings (high earnings create substantial capital inflows into Taiwanese equities).

Forecast: ING said in late April that it was concerned that any below-forecast sales numbers in the smart phone industry could weigh on TWD. “As such,” ING said, “against the US dollar we've revised our [year-end] TWD forecast from 30.40 to 30.95.”


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

PeriodMYR/TWDDate
1 Day7.245117 Feb 2020
7 Day7.249511 Feb 2020
30 Day7.389119 Jan 2020
3 Month7.313220 Nov 2019
1 Year7.557718 Feb 2019
5 Year8.736919 Feb 2015
10 Year9.422720 Feb 2010

When is the best time to exchange MYR to TWD?

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