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MYR to USD Exchange Rates & Currency Deals

MYR-USD Rate Calculator

 
 
   

Understanding the Table:

The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.

To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.

 
 
   

MYR to USD Market Data

Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell MYR   →   Buy USD
1 MYR = 0.2386 USD
+0.5%
90d-highs
MYR to USD is at 90-day highs near 0.2378, 2.3% above its 3-month average of 0.2324, having traded in a relatively stable 6.8% range from 0.2227 to 0.2378
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Tracker

Is the MYR to USD Exchange Rate Likely to Improve?

Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the Malaysian ringgit against the US dollar is to review how the MYR/USD rate has changed over time.

The table below shows the percentage change in the MYR to USD exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateMYR/USDChangePeriod
16 Jun 2025
0.2357
0.6% 2 Week
01 Apr 2025
0.2256
5.1% 3 Month
30 Jun 2024
0.2120
11.8% 1 Year
01 Jul 2020
0.2333
1.6% 5 Year
03 Jul 2015
0.2648
10.5% 10 Year
05 Jul 2005
0.2631
9.9% 20 Year
MYR/USD historic rates & change to 30-Jun-2025
USD to MYR has dipped to 4.2275, notching a 1.9% drop from its 3-month average. Analysts caution that U.S. tariffs on Malaysian goods and soft U.S. GDP may pressure both currencies. Watch for May's core PCE index; inflation surprises could shift rate expectations

 

MYR to USD Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in US dollar across a range of amounts.

This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :

MYR USD
RM 1 $ 0.2386
RM 5 $ 1.1930
RM 10 $ 2.3860
RM 20 $ 4.7720
RM 50 $ 11.93
RM 100 $ 23.86
RM 250 $ 59.65
RM 500 $ 119.30
RM 1,000 $ 238.60
RM 2,000 $ 477.20
RM 5,000 $ 1,193
RM 10,000 $ 2,386
RM 20,000 $ 4,772
RM 50,000 $ 11,930
RM 100,000 $ 23,860
MYR USD
RM 4.1905 $ 1
RM 20.95 $ 5
RM 41.91 $ 10
RM 83.81 $ 20
RM 209.53 $ 50
RM 419.05 $ 100
RM 1,048 $ 250
RM 2,095 $ 500
RM 4,191 $ 1,000
RM 8,381 $ 2,000
RM 20,953 $ 5,000
RM 41,905 $ 10,000
RM 83,810 $ 20,000
RM 209,525 $ 50,000
RM 419,050 $ 100,000

More amounts

*Converted at the current MYR-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for MYR to USD?

The best MYR to USD exchange rate is our partner deal rate of 0.2374 from OFX . This is -0.5% compared to the mid-market rate 0.2386.

The standard OFX MYR-USD rate is 0.2357368, -1.2% from the mid-rate. Visit OFX here to secure the better rate.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Malaysian ringgit (MYR) to US dollar (USD) rates from different sources before making a conversion.

The above Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various providers. 

How do MYR-USD rates compare between providers?

Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.2374, -0.5% from the latest mid-market rate 0.2386.

The next best is Wise at 0.237, -0.67% from the mid-rate.

Then WorldRemit at 0.2351, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2312 at -3.1% the OCBC Bank rate is 0.2303 at -3.5% and the Maybank rate is 0.2303 at -3.5% compared to the mid-rate 0.2386.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

 

Compare MYR to USD Transfer Rates

   

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