Compare USD/MYR Exchange Rates
The below table is a snapshot of the costs charged by FX specialists and banks when making an International Money Transfer from USD to MYR. The total costs are calculated against the latest mid-market rate.
Foreign Transfers
Foreign Transfer Providers Ratings & Reviews | Receive MYR(RM) | Exchange Rate | Fee USD | Total Cost | Transfer Services | Transfer Speed | Deal Links |
---|---|---|---|---|---|---|---|
![]() ![]() OFX exchange rates are highly competitive for global money transfers, great customer service. ^Zero transfer fees for BestExchangeRates customers. More▾ | 39,886 MYR Best Overall | 3.9886 | 0^ | 2.12% | Bank Transfers - Online & Phone | 1-2 days | |
Banks - Average Rate ![]() ![]() ![]() ![]() Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 38,791 MYR RM1,095 less | 3.9018 | 15 | 4.81% | Online, Branch, Bank Transfers | 2-3 days |
The below table shows a snapshot 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 Ratings & Reviews | Amount MYR(RM) | Exchange Rate | Fee USD | Total Cost | Currency Services | Delivery/Collect | Deal Links |
---|---|---|---|---|---|---|---|
Banks - Average Rate ![]() ![]() Average rate from these selected Banks. Click icons to see each bank's individual rate and fee. More▾ | 3,815 MYR RM0.24 less | 3.8538 | $10 | 6.38% | Branch | - | |
![]() Get great travel money rates from Travelex when you order online. More▾ | 3,641.2 MYR RM174 less | 3.6412 | 0^ | 10.65% | Online order, Branch pickup, Home delivery | 2-3 days |
USD to MYR mid-rate = 4.077
Right now the USD/MYR market mid-rate is 4.077 and represents ideally how many Malaysian Ringgit you can get for one United States Dollar.
This USD/MYR Converter calculates equivalent United States Dollar to Malaysian Ringgit amounts at the market mid-rate:
USD / MYR mid-rate converter
4.077 Malaysian Ringgit
Compare how much you can save on
USD/MYR exchange rates for:
United States Dollar |
Malaysian Ringgit |
---|---|
10 USD | 40.77 MYR |
100 USD | 407.70 MYR |
1,000 USD | 4,077.00 MYR |
2,000 USD | 8,154.00 MYR |
10,000 USD | 40,770.00 MYR |
See more |
United States Dollar |
Malaysian Ringgit |
---|---|
2.4530 USD | 10 MYR |
24.53 USD | 100 MYR |
245.30 USD | 1,000 MYR |
490.60 USD | 2,000 MYR |
2,453.00 USD | 10,000 MYR |
See more |
MYR Country Guides |
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United States Dollar to Malaysian Ringgit (USD-MYR) - 10 Year History
The below table shows the historic variation in the USD/MYR exchange rate over the last 10 years. The percentage change is the difference from the date shown to present. This lets you decide if the current rate is in your favour. You can also view our various charts of USD versus other currencies : USD historical charts.
Date | Exchange Rate | Period | Change |
---|---|---|---|
17 Feb 2019 | 4.0845 | Latest | |
10 Feb 2019 | 4.0685 | 1 Week | +0.39% |
18 Jan 2019 | 4.1125 | 1 Month | -0.68% |
21 Aug 2018 | 4.0975 | 6 Months | -0.32% |
17 Feb 2018 | 3.8940 | 1 Year | +4.89% |
17 Feb 2017 | 4.4535 | 2 Years | -8.29% |
18 Feb 2014 | 3.2996 | 5 Years | +23.79% |
19 Feb 2009 | 3.6560 | 10 Years | +11.72% |
Why can't I just get the USD/MYR market rate I see on Google or in the Media?
The USD/MYR mid-rate is the rate you will see Quoted on Google or the News, nobody except the largest banks and businesses can get exchange rates close to this mid-rate. It is actually just the theoretical half-way point (hence mid-rate) between the last rate at which the USD / MYR was traded (bought or sold) in the international markets.
Getting a good market rate is mainly about timing however 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.
The closer your final exchange rate is to the market USD/MYR midrate the better deal you are getting.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
The three things you need in order to get a good USD to MYR exchange rate
- Know the latest USD/MYR market mid-rate. The closer your final exchange rate is to this real market rate the better deal you are getting. You should also judge how the current rate compares to the historic rate over the past 10 years.
- Compare your Bank's transaction costs
to several
licensed FX providers, remember to compare
the exchange rate margins as well as the various types of fees. We make that easy to do with our calculators for Foreign Transfers and Travel Money transactions. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency news and forecasts for United States Dollar and Malaysian Ringgit
Whenever you are researching a particular exchange rate you are actually interested in two currencies as the value of a currency must always be quoted relative to a second currency.
So it follows that if you are determining the best time to transact, in this case the USD vs MYR, you should pay attention to both United States Dollar and Malaysian Ringgit news and forecasts.
United States Dollar (USD) - Market news and forecasts
26-January-19: 2018 was a reasonable year for the dollar. Measured by the US Dollar Index, the greenback appreciated by 4 percent, which was much better than 2017’s 10 percent loss. It was, though, something of a stuttering end to 2018 and the dollar has had mixed fortunes in early 2019.
In December, after lifting US interest rates to 2.25-2.5 percent, the Fed lowered its expectations for future hikes due to so-called “cross currents” (China, Brexit, trade wars etc.). Skepticism among analysts over future Fed hikes has for some time been the main reason for dollar pessimism for 2019, but now, there is also the prospect of a US economic slowdown to contend with.
“A slowdown in the economy is likely to weigh on USD particularly in the second half of this year,” a CIBC researcher said in January.
Of the same opinion was an expert at ING, who argued that the dollar is soon to “embark on a gradual long-term bearish trend.”
January’s extended US government shutdown also has dollar-negative ramifications. Not only is the shutdown likely to hit first-quarter GDP growth, disagreements within Congress bode poorly for the future of potentially inflationary fiscal spending.
Malaysian Ringgit (MYR) - Market news and forecasts
Like many other emerging market currencies, the ringgit struggled in 2018.
The ringgit weakened in November to a one-year low of RM4.2 per USD but had recovered slightly by the time of this report into the high RM4.17s.
Against the Singapore dollar — the currency of Malaysia’s largest trading partner — the ringgit weakened in November to 3.06 (also a one-year low at the time), before recovering to 3.043.
Among factors contributing to the ringgit’s weakness in 2018 has been political uncertainty relating to Malaysia's ruling Pakatan Harapan coalition, a 40 percent end-of-year crash in the price of oil, as well as general risk-off sentiment, driven partly by global trade tensions and most evident from a 20 percent fall in US equities prices. Higher US interest rates also make holding Malaysian currency less attractive.
“The ringgit will remain weak due to continued political uncertainty,” Fitch’s head of Asia Country Risk said in December.
For 2019 year-end, the team at TradingEconomics.com is forecasting USD/MYR and SGD/MYR at 4.19 and 3.01.