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Best MYR to USD Exchange Rates Compared Live

The best MYR to USD exchange rate is 0.2113. Compare foreign transfer and currency exchange rates, find better rates & deals.

MYR-USD Best Exchange Rate Calculator
 

Comparing MYR-USD exchange rates

Exchange rates can vary significantly between different currency exchange providers, so it's important to 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 vs the latest MYR-USD mid-rate (see below) and the possible savings of using another provider.

 
 

MYR to USD Market Data

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

 
1 MYR =
0.2113We compare provider deals to this wholesale mid-market rate. Read more
USD
-0.2%
MYR to USD at 0.2113 is just below its 3-month average, having traded in a quite stable 4.4% range from 0.2084 to 0.2176
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DateMYR/USDChangePeriod
13 Mar 2024
0.2133
0.9% 2 Week
28 Dec 2023
0.2170
2.6% 3 Month
28 Mar 2023
0.2268
6.8% 1 Year
29 Mar 2019
0.2450
13.8% 5 Year
30 Mar 2014
0.3061
31% 10 Year
01 Apr 2004
0.2632
19.7% 20 Year
MYR/USD historic rates & change to 27-Mar-2024
 

What are equivalent amounts of MYR and USD?

Here are some popular conversion amounts for MYR to USD (Malaysian ringgit to US dollar)*.

MYR USD
RM 1 $ 0.2113
RM 5 $ 1.0565
RM 10 $ 2.1130
RM 20 $ 4.2260
RM 50 $ 10.57
RM 100 $ 21.13
RM 250 $ 52.83
RM 500 $ 105.65
RM 1,000 $ 211.30
RM 2,000 $ 422.60
RM 5,000 $ 1,057
RM 10,000 $ 2,113
RM 20,000 $ 4,226
RM 50,000 $ 10,565
RM 100,000 $ 21,130
MYR USD
RM 4.7330 $ 1
RM 23.67 $ 5
RM 47.33 $ 10
RM 94.66 $ 20
RM 236.65 $ 50
RM 473.30 $ 100
RM 1,183 $ 250
RM 2,367 $ 500
RM 4,733 $ 1,000
RM 9,466 $ 2,000
RM 23,665 $ 5,000
RM 47,330 $ 10,000
RM 94,660 $ 20,000
RM 236,650 $ 50,000
RM 473,300 $ 100,000

More amounts

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

 
 

Forecasts for MYR to USD

 

FX analysts have a mixed outlook for the Malaysian Ringgit (MYR) against the US Dollar (USD). While some anticipate continued weakness in the MYR against a strong USD, others expect the USD/MYR pair to trend higher. Hong Leong Bank analysts maintain a neutral-to-bearish view on the MYR, citing potential negative impacts from sustained USD strength. Societe Generale goes a step further, predicting a potential climb towards 4.95 in the USD/MYR pair. Maybank also echoes concern for MYR, foreseeing ongoing pressure with intermittent bounces. The current MYR to USD exchange rate at 0.2121 is in line with its 3-month average, reflecting relative stability within a 4.4% range between 0.2084 and 0.2176.

Read our full review of recent MYR to USD forecasts.

 

How to get a good MYR to USD exchange rate

There are several ways to save on exchange rates when converting Malaysian ringgit to US dollar:

  1. Shop around for the best MYR/USD exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
  2. Timing is important: Keep an eye on the MYR/USD rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
  3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
  4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and USD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
  5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

The key is reducing excessive costs and fees

Generally speaking, if you are buying US dollar with Malaysian ringgit, then it's better for the MYR/USD exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.

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 personalised Rate Tracker to track and benefit from currency movements.

 
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Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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Read our Currency guide to the United States - a practical currency and money guide to travel, living and doing business in the United States with the US dollar.

 
 
 

Currency Country Guides

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Setting up a business in the US as a foreigner

Setting up a business in the US as a foreigner is generally the same process as setting up a business as a US citizen. However, there may be additional legal requirements and regulations that apply to foreign nationals. It is advisable to consult with a lawyer who specializes in immigration and business law to ensure compliance with all relevant laws and regulations. Additionally, obtaining a valid work visa may be necessary in order to work in the US as a foreigner. It's important to research the specific requirements for the type of business you plan to start and the state where you plan to set it up.

Read more at our United States (USD) country guide

   
 
 

Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more

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