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MYR to ZAR - Rate Guide

Malaysian Ringgit to South African Rand exchange rates aren't all the same.

The total cost you are charged by your bank or foreign exchange provider consists of a margin from the interbank mid-rate plus fees. These margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 MYR = 3.6051 ZAR

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MYR to ZAR - Trading Range (90 Day)
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MYR/ZAR at 3.5983 is trading 1.8% above the 90-day average 3.5352 with a range 3.4006 to 3.6628. There are no current rate alerts.
19-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from Malaysian Ringgit to South African Rand

MYR

ZAR

RM 1
R 3.6051
RM 5
R 18.03
RM 10
R 36.05
RM 20
R 72.10
RM 50
R 180.26
RM 100
R 360.51
RM 250
R 901.28
RM 500
R 1,803
RM 1,000
R 3,605
RM 2,000
R 7,210
RM 5,000
R 18,026
RM 10,000
R 36,051
RM 50,000
R 180,255
RM 100,000
R 360,510
More amounts

MYR

ZAR

RM 0.2774
R 1
RM 1.3870
R 5
RM 2.7740
R 10
RM 5.5480
R 20
RM 13.87
R 50
RM 27.74
R 100
RM 69.35
R 250
RM 138.70
R 500
RM 277.40
R 1,000
RM 554.80
R 2,000
RM 1,387
R 5,000
RM 2,774
R 10,000
RM 13,870
R 50,000
RM 27,740
R 100,000
More amounts

To calculate specific MYR/ZAR amounts use our Convert MYR to ZAR quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also vary significantly depending on the transaction type (transfer, cash or card), currency pair and amount. The below table shows an example of total costs charged by FX specialists and banks for MYR/ZAR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
Foreign Transfer ProvidersReceive ZAR(R)Exchange RateFee MYRTotal CostDeal Links
TransferWise logo
35,747 R3.593RM510.61%
OFX logo
35,534 R3.55340 for BER users (normally $15)1.2%
Maybank International Money Transfers
Maybank logo
34,360 R3.4707RM1004.47%
OCBC Bank International Money Transfers
OCBC Bank logo
34,360 R3.4707RM1004.47%
United Overseas Bank International Money Transfers
United Overseas Bank logo
34,360 R3.4707RM1004.47%
Banks - Average Rate
Citibank logo Maybank logo HSBC logo OCBC Bank logo United Overseas Bank logo
34,127 R3.4353155.11%
HSBC logo
33,927 R3.3978RM155.67%
Citibank International Money Transfers
Citibank logo
33,626 R3.3666126.51%
 
TransferWise logo
TransferWise: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:RM51 MYR (0.5% + RM1)
Exchange Rate:3.5930 (0.1% from mid-rate)
To Amount (ZAR)35,747 R
Total Cost:0.61%
Time:1:08 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
OFX logo
OFX: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:0 for BER users (normally $15)
Exchange Rate:3.5534 (1.2% from mid-rate)
To Amount (ZAR)35,534 R
Total Cost:1.2%
Difference:
R213 ZAR less than using TransferWise
Time:
Rate Fetched: 1:08 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
Maybank logo
Maybank: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:3.4707 (3.5% from mid-rate)
To Amount (ZAR)34,360 R
Total Cost:4.47%
Difference:
R1,387 ZAR less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
OCBC Bank logo
OCBC Bank: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:3.4707 (3.5% from mid-rate)
To Amount (ZAR)34,360 R
Total Cost:4.47%
Difference:
R1,387 ZAR less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
United Overseas Bank logo
United Overseas Bank: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:RM100 MYR (1%)
Exchange Rate:3.4707 (3.5% from mid-rate)
To Amount (ZAR)34,360 R
Total Cost:4.47%
Difference:
R1,387 ZAR less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:15
Exchange Rate:3.4360 (4.47% from mid-rate)
To Amount (ZAR)34,127 R
Total Cost:5.11%
Difference:
R1,620 ZAR less than using TransferWise
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
HSBC logo
HSBC: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:RM15 MYR (.15%)
Exchange Rate:3.3978 (5.53% from mid-rate)
To Amount (ZAR)33,927 R
Total Cost:5.67%
Difference:
R1,820 ZAR less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Citibank logo
Citibank: Foreign Transfer MYR→ZAR
From Amount (MYR)RM10,000
Fee:12
Exchange Rate:3.3666 (6.39% from mid-rate)
To Amount (ZAR)33,626 R
Total Cost:6.51%
Difference:
R2,121 ZAR less than using TransferWise
Time:1:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/20/2020 - View latest rates
 

Country Guides (MYR & ZAR)

MalaysiaMalaysia (MYR)South AfricaSouth Africa (ZAR)

MYR and ZAR in the Markets

When determining the best time to make a foreign exchange transaction, in this case the MYR vs ZAR, you should pay attention to the recent market trends for both currencies.

Malaysian Ringgit (MYR)

Malaysia was added to a US watchlist of suspected currency manipulators in May. Though that means little right now in terms of economic implications, it added to negative sentiment, which then spurred a rise in USD/MYR to a 6-month high (MYR low) of RM4.2.

Among factors contributing to the ringgit’s weakness over the past year has been political uncertainty relating to Malaysia’s ruling Pakatan Harapan coalition, late-2018’s crash in oil prices, global trade tensions and higher US interest rates.

Read more in the article MYR Forecasts.

 

South African Rand (ZAR)

2018 was a grim year for the rand: it lost 14 percent of its value against the US dollar and lost 10 percent against the euro.

Stability returned in the first 5 months of 2019, with no change against the dollar and a 2 percent gain versus the euro.

Talk in May was all about the election, which was again won by the ANC party, led by Cyril Ramaphosa. This spurred a relief rally in the rand, but a serious fall in support for the ANC since 2014 suggests Ramaphosa will struggle implementing much-needed economic reforms.

With the election out of the way, analysts at Deutsche Bank are expecting the rand to weaken throughout the rest of the year.

"We think [rand] optimism will prove short-lived as the market quickly refocuses on deteriorating fundamentals," Deutsche said.


How to get Best MYR to ZAR Exchange Rates

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.

What is a good MYR to ZAR exchange rate?

This is a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the MYR to ZAR exchange rate to the present day for periods going back upto 10 years.

PeriodMYR/ZARDate
1 Day3.616217 Feb 2020
7 Day3.582511 Feb 2020
30 Day3.571319 Jan 2020
3 Month3.552220 Nov 2019
1 Year3.458618 Feb 2019
5 Year3.217319 Feb 2015
10 Year2.253620 Feb 2010

When is the best time to exchange MYR to ZAR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup myBER FX Alerts

We help you Save Money on Exchange Rates.

 

View all MYR Exchange Rates