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USD to MYR - Rate Guide

US Dollar to Malaysian Ringgit 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 USD = 4.155 MYR

   Sell USD / Buy MYR  Switch

USD to MYR - Trading Range (90 Day)
ALERT: 30-DAY HIGHS 🔔 |
USD/MYR at 4.155 is trading 0.7% above the 90-day average 4.1271 with a range 4.0551 to 4.1785. ALERT: USD/MYR has risen to 30-DAY HIGHS.
18-Feb-2020 16:NY 21:LON 08:SYD+1d

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Quick Conversions from US Dollar to Malaysian Ringgit

USD

MYR

U$ 1
RM 4.1550
U$ 5
RM 20.78
U$ 10
RM 41.55
U$ 20
RM 83.10
U$ 50
RM 207.75
U$ 100
RM 415.50
U$ 250
RM 1,039
U$ 500
RM 2,078
U$ 1,000
RM 4,155
U$ 2,000
RM 8,310
U$ 5,000
RM 20,775
U$ 10,000
RM 41,550
U$ 50,000
RM 207,750
U$ 100,000
RM 415,500
More amounts

USD

MYR

U$ 0.2407
RM 1
U$ 1.2035
RM 5
U$ 2.4070
RM 10
U$ 4.8140
RM 20
U$ 12.04
RM 50
U$ 24.07
RM 100
U$ 60.18
RM 250
U$ 120.35
RM 500
U$ 240.70
RM 1,000
U$ 481.40
RM 2,000
U$ 1,204
RM 5,000
U$ 2,407
RM 10,000
U$ 12,035
RM 50,000
U$ 24,070
RM 100,000
More amounts

To calculate specific USD/MYR amounts use our Convert USD to MYR 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 USD/MYR International Money Transfers. Costs are calculated against the current interbank mid-rate.

 
  

USD to MYR International Money Transfers

  

Foreign Transfer Providers Receive MYR(RM)Exchange RateFee USDTotal CostDeal Links
OFX logo
40,374 RM
Best Overall
4.03740^2.83%
XE logo
41,031 RM
RM657 more
4.103101.25%
TransferWise logo
41,296 RM
RM922 more
4.1508U$510.61%
Wells Fargo Bank logo
39,496 RM
RM878 less
3.9567184.94%
HSBC logo
39,467 RM
RM907 less
3.9526U$155.01%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
39,226 RM
RM1,148 less
3.9456155.59%
Bank of America International Money Transfers
Bank of America logo
38,971 RM
RM1,403 less
3.9365U$1006.21%
U.S. Bank International Money Transfers
U.S. Bank logo
38,971 RM
RM1,403 less
3.9365U$1006.21%
 
OFX logo
OFX: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:4.0374 (2.83% from mid-rate)
To Amount (MYR)40,374 RM
Total Cost:2.83%
Time:
Rate Fetched: Tue Feb 18 2020 18:03:55 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE logo
XE: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:
Exchange Rate:4.1031 (1.25% from mid-rate)
To Amount (MYR)41,031 RM
Total Cost:1.25%
Difference:
RM657 MYR more than using OFX
Time:18:04 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
TransferWise logo
TransferWise: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:U$51 USD (0.5% + U$1)
Exchange Rate:4.1508 (0.1% from mid-rate)
To Amount (MYR)41,296 RM
Total Cost:0.61%
Difference:
RM922 MYR more than using OFX
Time:18:04 Local
Transfer Speed:0-2 days
Services:Bank Transfers - Online, Foreign Currency Accounts + Multi-currency debit card
Rating:
 
: 4.6/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:3.9567 (4.77% from mid-rate)
To Amount (MYR)39,496 RM
Total Cost:4.94%
Difference:
RM878 MYR less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
HSBC logo
HSBC: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:U$15 USD (.15%)
Exchange Rate:3.9526 (4.87% from mid-rate)
To Amount (MYR)39,467 RM
Total Cost:5.01%
Difference:
RM907 MYR less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:15
Exchange Rate:3.9284 (5.45% from mid-rate)
To Amount (MYR)39,226 RM
Total Cost:5.59%
Difference:
RM1,148 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
Bank of America logo
Bank of America: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:3.9365 (5.26% from mid-rate)
To Amount (MYR)38,971 RM
Total Cost:6.21%
Difference:
RM1,403 MYR less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:3.9365 (5.26% from mid-rate)
To Amount (MYR)38,971 RM
Total Cost:6.21%
Difference:
RM1,403 MYR less than using OFX
Time:18:04 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates
 

Example of the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

Travel Money Providers Amount MYR(RM)Exchange RateFee USDTotal CostDeal Links
Travelex Online US logo
3,620.1 RM
Best Overall
3.62010^12.87%
U.S. Bank Foreign Currency
U.S. Bank logo
3,511.5 RM
RM109 less
3.5115015.49%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
3,476 RM
RM144 less
3.5115U$1016.33%
Wells Fargo Bank logo
3,441.27 RM
RM179 less
3.5115U$2017.18%
 
Travelex Online US logo
Travelex Online US: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.6201 (12.87% from mid-rate)
To Amount (MYR)3,620.1 RM
Total Cost:12.87%
Time:
Rate Fetched: Tue Feb 18 2020 18:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
U.S. Bank logo
U.S. Bank: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:3.5115 (15.49% from mid-rate)
To Amount (MYR)3,511.5 RM
Total Cost:15.49%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:U$10 USD (1%)
Exchange Rate:3.6356 (12.5% from mid-rate)
To Amount (MYR)3,476 RM
Total Cost:16.33%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
Wells Fargo Bank: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:3.5115 (15.49% from mid-rate)
To Amount (MYR)3,441.27 RM
Total Cost:17.18%
Time:18:04 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Snapshot 02/18/2020 - View latest rates
 

Country Guides (USD & MYR)

United StatesUnited States (USD)MalaysiaMalaysia (MYR)East TimorEast Timor (USD)
EcuadorEcuador (USD)El SalvadorEl Salvador (USD)British Virgin IslandsBritish Virgin Islands (USD)
US Virgin IslandsUS Virgin Islands (USD)Caribbean NetherlandsCaribbean Netherlands (USD)Turks and Caicos IslandsTurks and Caicos Islands (USD)
ZimbabweZimbabwe (USD)

USD and MYR in the Markets

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

US Dollar (USD)

Growing fears of the coronavirus outbreak has moved the market into safer currencies such as the USD and away from AUD, NZD and CAD.

The US dollar held its value in 2019 despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

At its October meeting the Federal Reserve cut the target range for the federal funds rate to 1.5-1.75 percent, the third rate cut so far this year, amid soft inflation indicators and general worries about the economy. However the central bank also signaled a pause in the easing cycle.

Taking the blame for the economic downturn is US President Donald Trump, whose trade war policies have set a ball rolling that could wipe $455bn from global output according to the IMF.

Read more in the article USD Forecasts.

 

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.


How to get Best USD to MYR 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 USD to MYR 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 USD to MYR exchange rate to the present day for periods going back upto 10 years.

PeriodChange*USD/MYRDate
1 Day+0.2%4.145017 Feb 2020
7 Day+0.5%4.133111 Feb 2020
30 Day+2.5%4.055119 Jan 2020
3 Month-0.3%4.165520 Nov 2019
1 Year+1.8%4.079818 Feb 2019
5 Year+14.5%3.628619 Feb 2015
10 Year+21.9%3.408420 Feb 2010

*For period to 18-Feb 21UTC when USD/MYR was 4.1550

When is the best time to exchange USD to MYR?

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.

 

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