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Best Exchange Rates

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USD to MYR - Compare Exchange Rates

United States Dollar to Malaysian Ringgit - Convert Compare Save

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 and Travel Money transactions as shown below.

 

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 Transfer Providers
Ratings & Reviews
Receive MYR(RM)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
39,886 MYR
Best Overall
3.98860^2.12%Bank Transfers - Online & Phone1-2 days
Wells Fargo Bank logo
39,057 MYR
RM829 less
3.9127184.15%Online, Branch, Bank Transfers2-3 days
HSBC logo
39,029 MYR
RM857 less
3.9088$154.22%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
38,791 MYR
RM1,095 less
3.9018154.81%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
38,539 MYR
RM1,347 less
3.8928$1005.43%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
38,539 MYR
RM1,347 less
3.8928$1005.43%Online, Branch, Bank Transfers2-3 days
 
OFX: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:3.9886 (2.12% from mid-rate)
MYR amount:39,886 MYR
Total Cost:2.12%
Time:
Rate Fetched: Sun Feb 17 2019 22:03:46 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 4.8/5.0
Reviews:
Wells Fargo Bank: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:18
Exchange Rate:3.9127 (3.98% from mid-rate)
MYR amount:39,057 MYR
Total Cost:4.15%
Difference:
RM829 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
HSBC: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:3.9088 (4.08% from mid-rate)
MYR amount:39,029 MYR
Total Cost:4.22%
Difference:
RM857 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo

Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:15
Exchange Rate:3.8848 (4.67% from mid-rate)
MYR amount:38,791 MYR
Total Cost:4.81%
Difference:
RM1,095 less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Bank of America: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.8928 (4.47% from mid-rate)
MYR amount:38,539 MYR
Total Cost:5.43%
Difference:
RM1,347 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
U.S. Bank: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.8928 (4.47% from mid-rate)
MYR amount:38,539 MYR
Total Cost:5.43%
Difference:
RM1,347 less than using OFX
Time:0:08 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

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 RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
Wells Fargo Bank logo
3,815.24 MYR
Compare
3.8931$206.37%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
3,815 MYR
RM0.24 less
3.8538$106.38%Branch-
U.S. Bank Foreign Currency
U.S. Bank logo
3,814.4 MYR
RM0.84 less
3.814406.4%Branch-
 
Travelex Online US logo
3,641.2 MYR
RM174 less
3.64120^10.65%Online order, Branch pickup, Home delivery2-3 days
Wells Fargo Bank: Travel Money USD→MYR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:3.8931 (4.46% from mid-rate)
MYR amount:3,815.24 MYR
Total Cost:6.37%
Time:0:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo

Travel Money USD→MYR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:3.5656 (12.5% from mid-rate)
MYR amount:3,815 MYR
Total Cost:6.38%
Currency Services:Branch
Delivery/Collect:-
U.S. Bank: Travel Money USD→MYR
USD amount:$1,000 USD
Fee:0
Exchange Rate:3.8144 (6.4% from mid-rate)
MYR amount:3,814.4 MYR
Total Cost:6.4%
Time:0:08 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
Travelex Online US: Travel Money USD→MYR
USD amount:$1,000 USD
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.6412 (10.65% from mid-rate)
MYR amount:3,641.2 MYR
Total Cost:10.65%
Time:
Rate Fetched: Sun Feb 17 2019 22:00:04 GMT+0000 (UTC)
Currency Services:Online order, Branch pickup, Home delivery
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
Sending a LARGER foreign transfer? Shop-around with multiple providers: Get Quotes
Note we do not compare every single provider in the market, we compare a selection of established, reputable foreign exchange providers & banks who are regulated in the US as licensed money transmitters. We may receive referral fees if you choose one of these providers however this will not affect the exchange rates or fees you are charged.
Rate snapshot: 02/18/2019

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


$USD


RMMYR
1 United States Dollar equals
4.077 Malaysian Ringgit

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

Foreign Transfers Travel Cash/Cards

 
 
3 Month USD to MYR Chart
Loading USD/MYR rates

United States Dollar

Malaysian Ringgit

1 USD 4.0770 MYR
5 USD 20.39 MYR
10 USD 40.77 MYR
20 USD 81.54 MYR
50 USD 203.85 MYR
100 USD 407.70 MYR
250 USD 1,019.25 MYR
500 USD 2,038.50 MYR
1,000 USD 4,077.00 MYR
2,000 USD 8,154.00 MYR
5,000 USD 20,385.00 MYR
10,000 USD 40,770.00 MYR
50,000 USD 203,850.00 MYR
100,000 USD 407,700.00 MYR
See more

United States Dollar

Malaysian Ringgit

0.2453 USD 1 MYR
1.2265 USD 5 MYR
2.4530 USD 10 MYR
4.9060 USD 20 MYR
12.27 USD 50 MYR
24.53 USD 100 MYR
61.33 USD 250 MYR
122.65 USD 500 MYR
245.30 USD 1,000 MYR
490.60 USD 2,000 MYR
1,226.50 USD 5,000 MYR
2,453.00 USD 10,000 MYR
12,265.00 USD 50,000 MYR
24,530.00 USD 100,000 MYR
See more

MYR Country Guides
MalaysiaMalaysia

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.

DateExchange RatePeriodChange
17 Feb 20194.0845Latest
10 Feb 20194.06851 Week+0.39%
18 Jan 20194.11251 Month-0.68%
21 Aug 20184.09756 Months-0.32%
17 Feb 20183.89401 Year+4.89%
17 Feb 20174.45352 Years-8.29%
18 Feb 20143.29965 Years+23.79%
19 Feb 20093.656010 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

  1. 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.
  2. 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.
  3. 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.

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