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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 for USD/MYR International Money Transfers. Costs are calculated against the amount when USD is converted to MYR at mid-rate.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Foreign Transfer Providers
Ratings & Reviews
Receive MYR(RM)Exchange RateFee USDTotal CostTransfer ServicesTransfer SpeedDeal Links
 
OFX logo
40,380 MYR
Best Overall
4.0380^2.29%Bank Transfers - Online & Phone, Foreign Currency Accounts1-2 days
Wells Fargo Bank logo
39,541 MYR
839 MYR
3.9612184.32%Online, Branch, Bank Transfers2-3 days
HSBC logo
39,512 MYR
868 MYR
3.9571$154.39%Online, Branch, Bank Transfers2-3 days
Banks - Average Rate
Bank of America logo U.S. Bank logo Wells Fargo Bank logo HSBC logo
39,271 MYR
1,109 MYR
3.9500154.97%Online, Branch, Bank Transfers2-3 days
Bank of America International Money Transfers
Bank of America logo
39,015 MYR
1,365 MYR
3.9409$1005.59%Online, Branch, Bank Transfers2-3 days
U.S. Bank International Money Transfers
U.S. Bank logo
39,015 MYR
1,365 MYR
3.9409$1005.59%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:4.0380 (2.29% from mid-rate)
MYR amount:40,380 MYR
Total Cost:2.29%
Time:
Rate Fetched: Mon Apr 22 2019 22:03:47 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 logoWells Fargo Bank

Wells Fargo Bank: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:18
Exchange Rate:3.9612 (4.15% from mid-rate)
MYR amount:39,541 MYR
Total Cost:4.32%
Difference:
839 MYR less than using OFX
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

HSBC logoHSBC

HSBC: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:$15 USD (.15%)
Exchange Rate:3.9571 (4.24% from mid-rate)
MYR amount:39,512 MYR
Total Cost:4.39%
Difference:
868 MYR less than using OFX
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:15
Exchange Rate:3.9329 (4.83% from mid-rate)
MYR amount:39,271 MYR
Total Cost:4.97%
Difference:
1,109 MYR less than using OFX
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
 

Bank of America logoBank of America

Bank of America: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.9409 (4.64% from mid-rate)
MYR amount:39,015 MYR
Total Cost:5.59%
Difference:
1,365 MYR less than using OFX
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

U.S. Bank logoU.S. Bank

U.S. Bank: Foreign Transfer USD→MYR
USD amount:$10,000 USD
Fee:$100 USD (1%)
Exchange Rate:3.9409 (4.64% from mid-rate)
MYR amount:39,015 MYR
Total Cost:5.59%
Difference:
1,365 MYR less than using OFX
Time:0:01 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 

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.

Sending a LARGER foreign transfer? Request a Multi-Vendor Quote ▾
Travel Money Providers
Ratings & Reviews
Amount MYR(RM)Exchange RateFee USDTotal CostCurrency ServicesDelivery/CollectDeal Links
U.S. Bank Foreign Currency
U.S. Bank logo
3,868.2 MYR
Compare
3.868206.4%Branch-
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
3,830 MYR
38 MYR
3.8682$107.33%Branch-
Wells Fargo Bank logo
3,790.84 MYR
77 MYR
3.8682$208.27%Branch-
 
Travelex Online US logo
3,683.1 MYR
185 MYR
3.68310^10.87%Online order, Branch pickup, Home delivery2-3 days
 

U.S. Bank logoU.S. Bank

U.S. Bank: Travel Money USD→MYR
USD amount:$1,000 USD
Fee:0
Exchange Rate:3.8682 (6.4% from mid-rate)
MYR amount:3,868.2 MYR
Total Cost:6.4%
Time:0:01 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 

Banks - Average Rate

Travel Money USD→MYR
USD amount:$1,000 USD
Fee:$10 USD (1%)
Exchange Rate:3.6159 (12.5% from mid-rate)
MYR amount:3,830 MYR
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 

Wells Fargo Bank logoWells Fargo Bank

Wells Fargo Bank: Travel Money USD→MYR
USD amount:$1,000 USD
Fee:$20 USD (Minimum fee)
Exchange Rate:3.8682 (6.4% from mid-rate)
MYR amount:3,790.84 MYR
Total Cost:8.27%
Time:0:01 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:3.6831 (10.87% from mid-rate)
MYR amount:3,683.1 MYR
Total Cost:10.87%
Time:
Rate Fetched: Mon Apr 22 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:
 

USD to MYR interbank exchange rate = 4.1335

Right now the USD/MYR interbank exchange rate is 4.1335. It’s also called the mid-market rate or just the mid-rate and is the rate that banks use when trading large amounts of foreign currencies with one another.

It's the reference rate we use to calculate how much you are being charged to convert Malaysian Ringgit to United States Dollar.

This USD/MYR Converter calculates equivalent United States Dollar to Malaysian Ringgit amounts at the market mid-rate. You can also enter your own rates to find out the percentage difference to the latest market rates you are being charged.

USD / MYR converter & margin calculator


$USD
RMMYR
Mid-rates:
 

Foreign Transfers Travel Money

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

Foreign Transfers Travel Money

1 Week USD to MYR
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United States Dollar

Malaysian Ringgit

1 USD 4.1335 MYR
5 USD 20.67 MYR
10 USD 41.34 MYR
20 USD 82.67 MYR
50 USD 206.68 MYR
100 USD 413.35 MYR
250 USD 1,033.38 MYR
500 USD 2,066.75 MYR
1,000 USD 4,133.50 MYR
2,000 USD 8,267.00 MYR
5,000 USD 20,667.50 MYR
10,000 USD 41,335.00 MYR
50,000 USD 206,675.00 MYR
100,000 USD 413,350.00 MYR
See more

United States Dollar

Malaysian Ringgit

0.2419 USD 1 MYR
1.2095 USD 5 MYR
2.4190 USD 10 MYR
4.8380 USD 20 MYR
12.10 USD 50 MYR
24.19 USD 100 MYR
60.48 USD 250 MYR
120.95 USD 500 MYR
241.90 USD 1,000 MYR
483.80 USD 2,000 MYR
1,209.50 USD 5,000 MYR
2,419.00 USD 10,000 MYR
12,095.00 USD 50,000 MYR
24,190.00 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
22 Apr 20194.1369Latest
15 Apr 20194.11531 Week+0.52%
23 Mar 20194.06451 Month+1.78%
24 Oct 20184.16736 Months-0.73%
22 Apr 20183.89751 Year+6.14%
22 Apr 20174.39952 Years-5.97%
23 Apr 20143.26665 Years+26.64%
24 Apr 20093.584710 Years+15.4%

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

In the third week of April the Dollar Index was rallying strongly towards the mid-97s, slightly below major resistance at 97.70, a break of which would be massively positive for the greenback. The index was up 1.7 percent year-to-date.

The dollar’s strength comes in spite of a dovish surprise in March from the Federal Reserve, which ditched two interest rate hikes from its 2019 projections. Fortunately for dollar holders, the rest of the world has problems and other important central banks also turned dovish, removing much of the incentive for selling USD.

Bloomberg research warned in April of potential for a large upcoming move in the US dollar, up or down. Over the past quarter-century, three prominent troughs in the JPMorgan Global FX Volatility Index were followed by dollar moves over 6-month periods worth 10-15 percent. The index was trading in mid-April at a 5-year low.

Malaysian Ringgit (MYR) - Market news and forecasts

The period between April and November 2018 was a tough one for the ringgit, as it lost value against the dollar on a near-weekly basis. Fortunately, losses in that period only amounted to 8 percent and only took the currency to a 1-year low of RM4.2 — it could have been much worse.

Since then, the ringgit has turned a corner; in late February it was trading at RM4.06, near 6-month highs.

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. There are positive factors though.

“With good GDP data and strong economic fundamentals coupled with positive external factors, I believe the ringgit can go higher to RM4.02 [per USD],” a dealer said in February.

The team at TradingEconomics.com believes the ringgit weakens to RM4.14 by year-end.