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USD to MYR - Exchange Rates

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.

Foreign Exchange margins and fees vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 

1 USD = 4.31 MYR

   Sell USD / Buy MYR  Switch

USD to MYR 90-Day Trend
ALERTS:1-DAY0.9% 🔔| 14-DAY LOWS 🔔 |
USD/MYR at 4.31 was trading 2.8% above AVG:4.1932 with LO:4.0551 and HI:4.4425 (90 days). ALERTS: Today USD/MYR was DOWN 0.9% and also dropped to 14-DAY LOWS.
10-APR 9AM-NY 2PM-LON 9PM-HK 11PM-SYD

Convert USD to MYR More Charts


Quick Conversions from US Dollar to Malaysian Ringgit

USD MYR
U$ 1 RM 4.3100
U$ 5 RM 21.55
U$ 10 RM 43.10
U$ 20 RM 86.20
U$ 50 RM 215.50
U$ 100 RM 431.00
U$ 250 RM 1,078
U$ 500 RM 2,155
U$ 1,000 RM 4,310
U$ 2,000 RM 8,620
U$ 5,000 RM 21,550
U$ 10,000 RM 43,100
U$ 50,000 RM 215,500
U$ 100,000 RM 431,000
More amounts
USD MYR
U$ 0.2320 RM 1
U$ 1.1600 RM 5
U$ 2.3200 RM 10
U$ 4.6400 RM 20
U$ 11.60 RM 50
U$ 23.20 RM 100
U$ 58.00 RM 250
U$ 116.00 RM 500
U$ 232.00 RM 1,000
U$ 464.00 RM 2,000
U$ 1,160 RM 5,000
U$ 2,320 RM 10,000
U$ 11,600 RM 50,000
U$ 23,200 RM 100,000
More amounts

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.

 
  

USD to MYR International Money Transfers

  

Foreign Transfer Provider Receive MYR(RM) Exchange RateFee USDDeal Links
OFX logo
RM41,705
3.16%
Best Overall
4.17050^
XE logo
RM42,528
1.25%
RM823 more
4.25280
Wells Fargo Bank logo
RM40,797
5.27%
RM908 less
4.087118
HSBC logo
RM40,768
5.34%
RM937 less
4.0829U$15
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
RM40,519
5.91%
RM1,186 less
4.075615
U.S. Bank International Money Transfers
U.S. Bank logo
RM40,255
6.53%
RM1,450 less
4.0662U$100
Bank of America International Money Transfers
Bank of America logo
RM40,255
6.53%
RM1,450 less
4.0662U$100
 
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:4.1705 (3.16% from mid-rate)
To Amount (MYR) RM41,705
Total Cost:3.16%
Time:
Rate Fetched: Fri Apr 10 2020 05:03:51 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
XE: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:
Exchange Rate:4.2528 (1.25% from mid-rate)
To Amount (MYR) RM42,528
Total Cost:1.25%
Difference:
RM823 MYR more than using OFX
Time:6:03 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
Wells Fargo Bank logo
Wells Fargo Bank: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:4.0871 (5.1% from mid-rate)
To Amount (MYR) RM40,797
Total Cost:5.27%
Difference:
RM908 MYR less than using OFX
Time:6:03 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:4.0829 (5.19% from mid-rate)
To Amount (MYR) RM40,768
Total Cost:5.34%
Difference:
RM937 MYR less than using OFX
Time:6:03 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:4.0579 (5.77% from mid-rate)
To Amount (MYR) RM40,519
Total Cost:5.91%
Difference:
RM1,186 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 
U.S. Bank logo
U.S. Bank: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:4.0662 (5.58% from mid-rate)
To Amount (MYR) RM40,255
Total Cost:6.53%
Difference:
RM1,450 MYR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
Bank of America: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:U$100 USD (1%)
Exchange Rate:4.0662 (5.58% from mid-rate)
To Amount (MYR) RM40,255
Total Cost:6.53%
Difference:
RM1,450 MYR less than using OFX
Time:6:03 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 04/10/2020 - 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 Provider Amount MYR(RM) Exchange RateFee USDDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
RM4,031.2
6.39%
Compare
4.03120
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
RM3,991
7.33%
RM40 less
4.0312U$10
Wells Fargo Bank logo
RM3,950.58
8.27%
RM81 less
4.0312U$20
Travelex Online US logo
RM3,777.5
12.29%
RM254 less
3.77750^
 
U.S. Bank logo
U.S. Bank: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:4.0312 (6.39% from mid-rate)
To Amount (MYR) RM4,031.2
Total Cost:6.39%
Time:6:03 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:3.7683 (12.5% from mid-rate)
To Amount (MYR) RM3,991
Total Cost:7.33%
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:4.0312 (6.39% from mid-rate)
To Amount (MYR) RM3,950.58
Total Cost:8.27%
Time:6:03 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Travelex Online US: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.7775 (12.29% from mid-rate)
To Amount (MYR) RM3,777.5
Total Cost:12.29%
Time:
Rate Fetched: Fri Apr 10 2020 06:00:04 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 04/10/2020 - 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-0.3%4.345008 Apr 2020
7 Day-0.6%4.358002 Apr 2020
30 Day+2.3%4.235010 Mar 2020
3 Month+6.3%4.076610 Jan 2020
1 Year+5.4%4.110610 Apr 2019
5 Year+18.2%3.665511 Apr 2015
10 Year+35.2%3.204312 Apr 2010

*For period to 09-Apr 21UTC when USD/MYR was 4.3326

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 BER.me FX Alerts

We help you Save Money on Exchange Rates.

 

View all USD Exchange Rates