Comparing USD to MYR Exchange Rates
You should always check the total cost for any exchange rate you are provided by banks or FX specialists. These exchange rates almost always contain a margin from the wholesale USD/MYR rate ( interbank mid-rate) plus any fixed or percentage fees.
These margins and fees can vary significantly for USD to MYR International Money Transfers, Travel Money and prepaid multi-currency Travel Card transactions. Also the total cost will also vary depending on the total amount being exchanged.
US Dollar to Malaysian Ringgit - Quick Conversions
|
USD |
MYR |
| U$ 1 |
RM 4.0440 |
| U$ 5 |
RM 20.22 |
| U$ 10 |
RM 40.44 |
| U$ 20 |
RM 80.88 |
| U$ 50 |
RM 202.20 |
| U$ 100 |
RM 404.40 |
| U$ 250 |
RM 1,011 |
| U$ 500 |
RM 2,022 |
| U$ 1,000 |
RM 4,044 |
| U$ 2,000 |
RM 8,088 |
| U$ 5,000 |
RM 20,220 |
| U$ 10,000 |
RM 40,440 |
| U$ 50,000 |
RM 202,200 |
| U$ 100,000 |
RM 404,400 |
| More amounts |
|
USD |
MYR |
| U$ 0.2473 |
RM 1 |
| U$ 1.2365 |
RM 5 |
| U$ 2.4730 |
RM 10 |
| U$ 4.9460 |
RM 20 |
| U$ 12.37 |
RM 50 |
| U$ 24.73 |
RM 100 |
| U$ 61.83 |
RM 250 |
| U$ 123.65 |
RM 500 |
| U$ 247.30 |
RM 1,000 |
| U$ 494.60 |
RM 2,000 |
| U$ 1,237 |
RM 5,000 |
| U$ 2,473 |
RM 10,000 |
| U$ 12,365 |
RM 50,000 |
| U$ 24,730 |
RM 100,000 |
| More amounts |
Calculate other USD/MYR amounts (from or to) at mid-market with our
USD to MYR Calculator .
US Dollar and Malaysian Ringgit - Market News
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)
Most banks and forecasters expect the down trend for USD to continue, along with an increase in volatility, with some predictions of a 20 per cent or more fall for the greenback in 2021.
Get more details in the article US Dollar Forecasts.
Malaysian Ringgit (MYR)
The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.
Get more details in the article Malaysian Ringgit Forecasts.
Country Guides - Malaysian Ringgit
How to get Good USD to MYR Exchange Rates
There are two important ways to save on Foreign Exchange, the first is minimising unnecessary or excessive costs and fees, and the other is to transact when the exchange rate is in your favour.
Reduce Excessive costs and fees
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 always a difficult question as exchange rates are influenced by many factors, so a good method to consider the US Dollar vs Malaysian Ringgit current value is to look the USD/MYR historic rate and change over a range of periods.
The following table looks at the change in the USD to MYR exchange rate over periods from the previous week back to the last 10 years.
| USD/MYR | Change | Period |
|---|
| 4.0480 19 Jan 2021 | 0% ▲ | 1 Week |
| 4.0605 27 Dec 2020 | 0.3% ▼ | 30 Days |
| 4.1565 28 Oct 2020 | 2.6% ▼ | 90 Days |
| 4.0660 27 Jan 2020 | 0.4% ▼ | 1 Year |
| 4.1924 28 Jan 2016 | 3.4% ▼ | 5 Years |
| 3.0569 29 Jan 2011 | 32.5% ▲ | 10 Years |
USD/MYR 10 year historic rates & change to 26-Jan-2021 : 4.0490
Will the US Dollar rise against the Malaysian Ringgit?
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/MYR to your BestExchangeRates My Rates Watchlist to track and benefit from currency movements.
⚇
View My Alerts
Rather than requiring you to set a target rate, our FX Alerts work differently.
Once you add a currency pair to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.