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MYR/USD - Live Converters & Chart

Malaysian Ringgit to United States Dollar - Convert Compare Save

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 and Travel Money transactions as shown below.

 

MYR to USD interbank exchange rate = 0.2387

This calculator converts amounts at the latest USD/MYR mid-rate or enter a rate to check the exchange rate you are being offered or already charged.

 

MYR / USD converter & margin calculator

RMMYR
$USD
Mid-rates:
 
 

Foreign Transfers Travel Money

Compare how much you can save on MYR/USD exchange rates for:

Foreign Transfers

Malaysian Ringgit

United States Dollar

1 MYR 0.2387 USD
5 MYR 1.1935 USD
10 MYR 2.3870 USD
20 MYR 4.7740 USD
50 MYR 11.94 USD
100 MYR 23.87 USD
250 MYR 59.68 USD
500 MYR 119.35 USD
1,000 MYR 238.70 USD
2,000 MYR 477.40 USD
5,000 MYR 1,193.50 USD
10,000 MYR 2,387.00 USD
50,000 MYR 11,935.00 USD
100,000 MYR 23,870.00 USD
See more

Malaysian Ringgit

United States Dollar

4.1885 MYR 1 USD
20.94 MYR 5 USD
41.89 MYR 10 USD
83.77 MYR 20 USD
209.43 MYR 50 USD
418.85 MYR 100 USD
1,047.13 MYR 250 USD
2,094.25 MYR 500 USD
4,188.50 MYR 1,000 USD
8,377.00 MYR 2,000 USD
20,942.50 MYR 5,000 USD
41,885.00 MYR 10,000 USD
209,425.00 MYR 50,000 USD
418,850.00 MYR 100,000 USD
See more

Compare Actual MYR/USD Exchange Rates

The below table is a snapshot of the costs charged by FX specialists and banks for MYR/USD International Money Transfers. Total Costs are calculated when the amount when MYR is converted to USD at the mid-rate without fees.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer ProvidersReceive USD($)Exchange RateFee MYRTotal CostTransfer ServicesTransfer SpeedDeal Links
Instarem logo
2,372 USD0.237200.63%
OFX logo
2,377 USD0.237700.42%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Maybank International Money Transfers
Maybank logo
2,279.97 USD0.2303RM1004.48%Online, Branch, Bank Transfers2-3 days
OCBC Bank International Money Transfers
OCBC Bank logo
2,279.97 USD0.2303RM1004.48%Online, Branch, Bank Transfers2-3 days
United Overseas Bank International Money Transfers
United Overseas Bank logo
2,279.97 USD0.2303RM1004.48%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
2,265 USD0.2280155.13%Online, Branch, Bank Transfers2-3 days
HSBC logo
2,251.62 USD0.2255RM155.67%Online, Branch, Bank Transfers2-3 days
Citibank International Money Transfers
Citibank logo
2,231.32 USD0.2234126.52%Online, Branch, Bank Transfers2-3 days
Instarem: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:0
Exchange Rate:0.2372 (0.63% from mid-rate)
USD amount:2,372 USD
Total Cost:0.63%
Time:1:06 Local
Transfer Speed:
Services:
Rating:
 
: 3.9/5.0
Reviews:
 
OFX: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:0
Exchange Rate:0.2377 (0.42% from mid-rate)
USD amount:2,377 USD
Total Cost:0.42%
Difference:
5 USD more than using Instarem
Time:
Rate Fetched: 1:06 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Maybank logoMaybank

Maybank: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.2303 (3.52% from mid-rate)
USD amount:2,279.97 USD
Total Cost:4.48%
Difference:
92 USD less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

OCBC Bank logoOCBC Bank

OCBC Bank: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.2303 (3.52% from mid-rate)
USD amount:2,279.97 USD
Total Cost:4.48%
Difference:
92 USD less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

United Overseas Bank logoUnited Overseas Bank

United Overseas Bank: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:RM100 MYR (1%)
Exchange Rate:0.2303 (3.52% from mid-rate)
USD amount:2,279.97 USD
Total Cost:4.48%
Difference:
92 USD less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:15
Exchange Rate:0.2280 (4.48% from mid-rate)
USD amount:2,265 USD
Total Cost:5.13%
Difference:
107 USD less than using Instarem
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

HSBC logoHSBC

HSBC: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:RM15 MYR (.15%)
Exchange Rate:0.2255 (5.53% from mid-rate)
USD amount:2,251.62 USD
Total Cost:5.67%
Difference:
120 USD less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Citibank logoCitibank

Citibank: Foreign Transfer MYR→USD
MYR amount:10,000 MYR
Fee:12
Exchange Rate:0.2234 (6.41% from mid-rate)
USD amount:2,231.32 USD
Total Cost:6.52%
Difference:
141 USD less than using Instarem
Time:1:06 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
05/26/2019

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MYR/USD - Historical Trends

This table shows historic rates and trends of Malaysian Ringgit to United States Dollar over periods upto 10 years.

PeriodMYR/USDDate
1 Day0.239518 May 2019
1 Week0.240512 May 2019
1 Month0.242019 Apr 2019
6 Months0.238620 Nov 2018
1 Year0.251819 May 2018
5 Years0.310820 May 2014
10 Years0.283421 May 2009

You can use our MYR interactive charts to check MYRUSD historic trends.

Outlook and forecasts for MYR and USD

Whenever you are researching a particular exchange rate you are actually interested in two currencies as exchange rates are the ratio between two currencies.

So it follows that if you are determining the best time to transact, in this case the MYR vs USD, you should pay attention to the forecasts and trends for both Malaysian Ringgit and United States Dollar:

 

Malaysian Ringgit (MYR) outlook

The period between April and November 2018 was a tough one for the ringgit, as it lost value against the dollar on a near-weekly basis. Fortunately, losses in that period only amounted to 8 percent and only took the currency to a 1-year low of RM4.2 — it could have been much worse.

Since then, the ringgit has turned a corner; in late February it was trading at RM4.06, near 6-month highs.

Read the full article Malaysian Ringgit Forecasts.

 

United States Dollar (USD) outlook

The US dollar has benefitted this year despite some quite serious escalations in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. By mid-May, the Dollar Index was nearly 2 percent higher year-to-date; it was only 0.5 percent away from making a 2-year high.

The greenback’s 2019 strength has come in spite of a dovish turn by the Federal Reserve, which said in March it expects no interest rate increase this year. Fortunately for dollar holders, the rest of the world has problems and many other central banks have also turned dovish, removing some of the policy-based incentives for selling USD.

In May, HSBC warned against thinking that the dollar has got too high. The bank highlighted the “desolation and destruction” (an exaggeration) facing other economies and currencies. “You can never get too high,” the bank’s chief analyst said. “What would you want to buy out there if not dollars?”

Read the full article United States Dollar Forecasts.

Why can't I just get the MYR/USD market rate I see online or in the media?

The MYR/USD mid-rate is the rate you will see quoted online or the news, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the MYR / USD was traded (bought or sold) in the international markets.

Getting a good market rate is mainly about timing however 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.

We help you Compare & Save Money on Exchange Rates.

 

View all MYR Exchange Rates