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Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
📊 Quick forecast view
🔴 Mild downside
0.2430 – 0.2520
⚖️ Interest-rate differentials
🟢 Uptrend
Currently, MYR/USD is trading near the 3-month average, holding just below recent lows. The pair is under pressure from US rate hikes and risk-off sentiment.
Currently, MYR/EUR is trading near the 3-month average at 0.2171, holding within its recent range. Risk-off conditions, driven by high geopolitical and macroeconomic uncertainty affecting EUR, support a cautious stance.
Currently, MYR/JPY is trading near its 3-month average within a range from 39.22 to 40.83. The pair remains supported by a risk-neutral environment and no clear directional move from risk sentiment.
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 * :
*Converted at the current MYR-USD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The Maybank MYR to USD exchange rate is 0.2432. This is -3.5% compared to the latest MYR-USD mid-market rate 0.2520.
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 Maybank - Ringgit to Dollar comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by Maybank and other foreign exchange providers against the latest MYR-USD mid-rate and the possible savings of using various 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 0.2508, -0.48% from the latest mid-market rate 0.2520.
The next best is Wise at 0.2505, -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2442 at -3.1% the OCBC Bank rate is 0.2432 at -3.5% and the Maybank rate is 0.2432 at -3.5% compared to the mid-rate 0.2520.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like Maybank 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.
View a full list of exchange rates by selecting your Base (from) currency: