Best MYR to USD Exchange Rates - Compare Providers & Save

In this Malaysian ringgit to US dollar guide:

1 MYR = USD

Sell MYR → Buy USD

1-DAY▲+0.5%

MYR to USD at 0.2375 is 0.8% below its 90-day average, range 0.2359-0.2418.

09-DEC 12AM-NY 5AM-LON 1PM-HK 4PM-SYD

Track Rate

1 USD = 4.2120 MYR

MYR/USD was	Change	Period
0.2375 24 Nov 2021	0.3% ▼	2 Weeks
0.2411 09 Sep 2021	1.8% ▼	90 Days
0.2455 08 Dec 2020	3.6% ▼	1 Year
0.2260 09 Dec 2016	4.7% ▲	5 Years
0.3174 11 Dec 2011	25.4% ▼	10 Years
0.2632 13 Dec 2001	10.1% ▼	20 Years

MYR/USD change over periods to 08-Dec-2021

The Malaysian ringgit has fallen below 24 cents as a firmer US dollar kept Asian currencies subdued while escalating woes at indebted developer China Evergrande switched markets to safe haven mode. MYR Outlook

1-DAY▲+0.5%

MYR to USD - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

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Provider	Amounts	Rate	Cost

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest MYR to USD Exchange Rate (shown above) or a transaction fee and often both!

How to get a good MYR to USD Exchange Rate

There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.

Reduce Excessive costs and fees

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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to the United States.

Will the Malaysian ringgit rise against the US dollar?

It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.

To help with this you can add MYR/USD to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.

Rate Tracker

Rather than requiring you to set a target rate, our FX Alerts work differently.

Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.