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USD to MYR - Rate Guide

United States 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 transactions as shown below.

 

USD/MYR update & alerts

1 USD = 4.1865 MYR

At 4.1865 USD/MYR was trading near its 90 day average 4.1782 with range 4.2215 to 4.1105. There are currently no alerts. Updated: 08:50-AEDT 22:50-BST 17:50-EDT
 

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USD/MYR Exchange Rates and Providers Compared

This guide to the United States Dollar to Malaysian Ringgit exchange rate with 90-day chart & alerts, historic rates, forecasts and USD to MYR comparison tables for foreign transfers and travel money rates and fees on offer by banks and foreign exchange providers. Calculate amounts and rate margins with the USD/MYR Calculator.

Exchange rates can 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 ProvidersReceive MYR(RM)Exchange RateFee USDTotal CostDeal Links
XE logo
RM41,342
Best Overall
4.134201.25%
OFX logo
RM40,584
RM758 less
4.05840^3.06%
Wells Fargo Bank logo
RM39,700
RM1,642 less
3.9772185.17%
HSBC logo
RM39,672
RM1,670 less
3.9732U$155.24%
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
RM39,430
RM1,912 less
3.9661155.82%
Bank of America International Money Transfers
Bank of America logo
RM39,173
RM2,169 less
3.9569U$1006.43%
U.S. Bank International Money Transfers
U.S. Bank logo
RM39,173
RM2,169 less
3.9569U$1006.43%
 

XE logo

XE: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:
Exchange Rate:4.1342 (1.25% from mid-rate)
To Amount (MYR) RM41,342
Total Cost:1.25%
Time:6:01 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 

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:4.0584 (3.06% from mid-rate)
To Amount (MYR) RM40,584
Total Cost:3.06%
Difference:
RM758 MYR less than using XE
Time:
Rate Fetched: Sun Oct 20 2019 05:03:50 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 

Wells Fargo Bank logo

Wells Fargo Bank: Foreign Transfer USD→MYR
From Amount (USD)U$10,000
Fee:18
Exchange Rate:3.9772 (5% from mid-rate)
To Amount (MYR) RM39,700
Total Cost:5.17%
Difference:
RM1,642 MYR less than using XE
Time:6:01 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:3.9732 (5.09% from mid-rate)
To Amount (MYR) RM39,672
Total Cost:5.24%
Difference:
RM1,670 MYR less than using XE
Time:6:01 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:3.9488 (5.68% from mid-rate)
To Amount (MYR) RM39,430
Total Cost:5.82%
Difference:
RM1,912 MYR less than using XE
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:3.9569 (5.48% from mid-rate)
To Amount (MYR) RM39,173
Total Cost:6.43%
Difference:
RM2,169 MYR less than using XE
Time:6:01 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:3.9569 (5.48% from mid-rate)
To Amount (MYR) RM39,173
Total Cost:6.43%
Difference:
RM2,169 MYR less than using XE
Time:6:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Snapshot 10/20/2019 - See full table

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 ProvidersAmount MYR(RM)Exchange RateFee USDTotal CostDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
RM3,918.8
Compare
3.918806.39%
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
RM3,880
RM39 less
3.9188U$107.33%
Wells Fargo Bank logo
RM3,840.42
RM78 less
3.9188U$208.27%
Travelex Online US logo
RM3,648.4
RM270 less
3.64840^12.85%
 

U.S. Bank logo

U.S. Bank: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:3.9188 (6.39% from mid-rate)
To Amount (MYR) RM3,918.8
Total Cost:6.39%
Time:6:01 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:3.6632 (12.5% from mid-rate)
To Amount (MYR) RM3,880
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:3.9188 (6.39% from mid-rate)
To Amount (MYR) RM3,840.42
Total Cost:8.27%
Time:6:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

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:3.6484 (12.85% from mid-rate)
To Amount (MYR) RM3,648.4
Total Cost:12.85%
Time:
Rate Fetched: Sun Oct 20 2019 06:00:05 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Snapshot 10/20/2019 - See full table

USD / MYR converter & margin calculator

U$USD
RMMYR
mid-rates

Compare how much you can save on USD/MYR exchange rates for:

Foreign Transfers Travel Money

Foreign Transfers Travel Money

United States Dollar

Malaysian Ringgit

1 USD 4.1865 MYR
5 USD 20.93 MYR
10 USD 41.87 MYR
20 USD 83.73 MYR
50 USD 209.33 MYR
100 USD 418.65 MYR
250 USD 1,046.63 MYR
500 USD 2,093.25 MYR
1,000 USD 4,186.50 MYR
2,000 USD 8,373.00 MYR
5,000 USD 20,932.50 MYR
10,000 USD 41,865.00 MYR
50,000 USD 209,325.00 MYR
100,000 USD 418,650.00 MYR
See more

United States Dollar

Malaysian Ringgit

0.2389 USD 1 MYR
1.1945 USD 5 MYR
2.3890 USD 10 MYR
4.7780 USD 20 MYR
11.95 USD 50 MYR
23.89 USD 100 MYR
59.73 USD 250 MYR
119.45 USD 500 MYR
238.90 USD 1,000 MYR
477.80 USD 2,000 MYR
1,194.50 USD 5,000 MYR
2,389.00 USD 10,000 MYR
11,945.00 USD 50,000 MYR
23,890.00 USD 100,000 MYR
See more
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/MYR - Historical Trends

This table shows historic rates and trends of United States Dollar to Malaysian Ringgit over periods upto 10 years.

PeriodChange*USD/MYRDate
1 Day+0.2%4.179517 Oct 2019
7 Day0%4.185911 Oct 2019
30 Day0%4.185018 Sep 2019
3 Month+1.9%4.109820 Jul 2019
1 Year+0.5%4.166218 Oct 2018
5 Year+27.7%3.277619 Oct 2014
10 Year+24.5%3.363720 Oct 2009

*For period to 18-Oct 21UTC when USD/MYR was 4.1865

You can use our USD interactive charts to check USDMYR historic trends.

Get a Better FX Deal when you Send and Spend Abroad.

 

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.

United States Dollar (USD)

The US dollar has held its value this year despite a serious escalation in US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others. After grim employment data on June-7, the Dollar Index was up 0.5 percent on the year (it had fallen 2 percent from May’s 2-year high).

As in other parts of the world, interest rate cuts are now expected in the US following a drastic shift in economic forecasts. At least two Fed cuts are expected this year, with the first most likely to come in July.

Taking the blame for the economic downturn is US President Donald Trump, whose trade 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.

Why can't I just get the USD/MYR market rate I see online or in the media?

The mid-rate is the rate you will see quoted online or the news. It is actually just the half-way point (hence mid-rate) between the last rate at which the USD / MYR was traded (bought or sold) in the international markets.

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). Some providers such as Transferwise will quote you the mid-rate (or close to) and charge a separate percentage fee.

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.

Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.

We help you Compare & Save Money on Exchange Rates.

 

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