USD to MYR mid-rate = 4.182
Right now the USD/MYR market mid-rate is 4.182 and represents ideally how many Malaysian Ringgit you can get for one United States Dollar.
You can calculate equivalent United States Dollar to Malaysian Ringgit currency amounts (at mid-rate) below. Then select the transaction type to compare the best exchange rates available for USD to MYR transfers or buying MYR travel money.
USD / MYR Converter
4.182 Malaysian Ringgit
Compare how much you can save on
USD/MYR exchange rates for:
| MYR Country Guides |
|---|
 Malaysia |
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.
| Date | Exchange Rate | Period | Change |
|---|---|---|---|
| 10 Dec 2018 | 4.1760 | Latest | |
| 03 Dec 2018 | 4.1655 | 1 Week | +0.25% |
| 10 Nov 2018 | 4.1840 | 1 Month | -0.19% |
| 13 Jun 2018 | 3.9861 | 6 Months | +4.76% |
| 10 Dec 2017 | 4.0880 | 1 Year | +2.15% |
| 10 Dec 2016 | 4.4249 | 2 Years | -5.62% |
| 11 Dec 2013 | 3.2114 | 5 Years | +30.04% |
| 12 Dec 2008 | 3.5817 | 10 Years | +16.59% |
Best Rates for USD/MYR Transfers and Travel Money
The total transaction cost you will be charged is the margin from the mid-rate offered by your foreign exchange provider plus any fixed or percentage fees. These margins and fees will vary significantly for International Money Transfers and Travel Money transactions.
You can see a sample of the margins from mid-rate in the table below which shows an example of the costs charged by FX specialist and the average bank rate when sending money transfers from USD to MYR.
Compare USD to MYR Foreign Transfers vs the Banks
| Providers | Amount MYR(RM) | Exchange Rate | Fee USD | Total Cost | Transfer Speed | Transfer Services | Reviews | Deal Links |
|---|---|---|---|---|---|---|---|---|
 | 40,898 MYR Top Provider | 4.0898 | 0 | 2.12% | 1-2 days | Online, Bank Account to Bank Account |   | |
 | 40,849 MYR MYR49 less | 4.0849 | 0^ | 2.24% | 1-2 days | Online, Bank Account to Bank Account | | |
Bank Average Banks - Average Rate     | 39,727.25 MYR MYR1,171 less | 3.9960 | 15 | 4.92% | 2-3 days | Online, Branch, Bank Account to Bank Account | Average of Bank Rates |
VisitThe below table shows an example of the margins and possible savings when you order travel money online with a currency specialist versus the average bank, kiosk or post office rate to buy foreign cash.
Compare USD to MYR Travel Money Exchange Rates vs the Banks
| Providers | Amount MYR(RM) | Exchange Rate | Fee USD | Total Cost | Reviews | Deal Links |
|---|---|---|---|---|---|---|
Bank Average Banks - Average Rate | 3911.68 MYR MYR0.38 less | 3.9516 | $10 | 6.39% | Average of Bank Rates | |
 | 3635.40 MYR MYR277 less | 3.6354 | 0^ | 13% |
OrderWhy 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
- 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.
- 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. - Review up-to-date Currency News and Forecasts for both the and currencies, if available.
Currency News, Research and Forecasts for United States Dollar and Malaysian Ringgit
Whenever you are interested in an exchange rate you are actually interested in two currencies due to the fact that the value of a currency must always be quoted in comparison 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
2018 has been a good year for the dollar; certainly much better than 2017, in which the world’s reserve currency lost 10 percent of its value on a trade-weighted basis. Entering the third week of November 2018, the dollar stood nearly 5 percent higher than its level on January 1st. The dollar benefitted in the month leading up to this report from Brexit uncertainty in Europe and from a collapse in the oil market, which saw its value rise against petro-currencies.
Seasonality becomes an important supporting factor for the dollar approaching year-end, and especially in November. Since 2010, the dollar has averaged trade-weighted gains of 1.8 percent in November and 0.2 percent in December.
In September, Citibank said of the dollar’s 6-12-month outlook that 3-4 percent upside was likely, followed by an 11 percent loss in the long term. It predicted EUR/USD climbing as high as $1.30, from levels in the high $1.13s at the time of writing.
Like Citi, ING remain long-term bearish on the dollar. ING isn't ruling out interventions and jawboning from Washington aimed at weakening the dollar. President Trump clearly would like a far weaker currency.
J.P. Morgan said in November that the dollar would be worth slightly more in the first half of 2019, before weakening slightly in the second half of the year.
Malaysian Ringgit (MYR) - Market news and forecasts
Like many other emerging market currencies, the ringgit has struggled in 2018.
The ringgit weakened in late September to a nine-month low of RM3.035 per Singapore dollar (the currency of Malaysia’s major trading partner). It had recovered slightly by the time of this report (October-23) to RM3.02 per SGD.
There was no recovery relative to the word’s benchmark currency, the US dollar, against which the ringgit slid in October to a ten-month low of RM4.164.
Contributing to the ringgit’s weakness this year has been trade tensions between the US and China, which threaten the outlook for global trade that the ringgit so relies upon; as well as higher US interest rates and the firmer US dollar, which make dollar-denominated loan repayments more expensive.
In October, ING warned against holding emerging market currencies like the ringgit; it suspected global trade tensions would return following November’s US mid-term elections, and these would limit possibilities for ringgit appreciation.
