1 USD = 4.31 MYR
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What's in this US Dollar to Malaysian Ringgit guide?
To calculate your own 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.
| Foreign Transfer Provider | Receive MYR(RM) | Exchange Rate | Fee USD | Deal Links |
|---|---|---|---|---|
 | RM41,705 3.16% Best Overall | 4.1705 | 0^ | |
 | RM42,528 1.25% RM823 more | 4.2528 | 0 | |
Banks - Average Rate     Average bank rate | RM40,519 5.91% RM1,186 less | 4.0756 | 15 |
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 Provider | Amount MYR(RM) | Exchange Rate | Fee USD | Deal Links |
|---|---|---|---|---|
Banks - Average Rate Average bank rate | RM3,991 7.33% RM40 less | 4.0312 | U$10 | |
 | RM3,777.5 12.29% RM254 less | 3.7775 | 0^ |
Country Guides (USD & MYR)
United States (USD)
Malaysia (MYR)
East Timor (USD)
Ecuador (USD)
El Salvador (USD)
British Virgin Islands (USD)
US Virgin Islands (USD)
Caribbean Netherlands (USD)
Turks and Caicos Islands (USD)
Zimbabwe (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.
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.
We help you Save Money on Exchange Rates.
View all USD Exchange Rates
