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USD to MYR - Exchange Rate Overview

US Dollar to Malaysian Ringgit exchange rates can vary significantly for International Money Transfers and Travel Money/Card transactions as shown below.

 
 

U$1,000 USD
=
RM4,273 MYR

*Converted at interbank exchange rate, scroll down to compare foreign transfer and spend/travel exchange rates.


 

Latest interbank exchange rate:

1 USD = 4.2725 MYR

Sell USD / Buy MYR 

 
USD to MYR 90-day trend
ALERT:7-DAY2.1% |
USD/MYR at 4.2725 was trading 0.9% below AVG:4.3134 with LO:4.1614 and HI:4.4425 (90 days). ALERT: USD/MYR is DOWN 2.1% this 7-DAY period.

Convert USD to MYR More Charts


US Dollar to Malaysian Ringgit - Quick Conversions

USD MYR
U$ 1 RM 4.2725
U$ 5 RM 21.36
U$ 10 RM 42.73
U$ 20 RM 85.45
U$ 50 RM 213.63
U$ 100 RM 427.25
U$ 250 RM 1,068
U$ 500 RM 2,136
U$ 1,000 RM 4,273
U$ 2,000 RM 8,545
U$ 5,000 RM 21,363
U$ 10,000 RM 42,725
U$ 50,000 RM 213,625
U$ 100,000 RM 427,250
More amounts
USD MYR
U$ 0.2341 RM 1
U$ 1.1705 RM 5
U$ 2.3410 RM 10
U$ 4.6820 RM 20
U$ 11.71 RM 50
U$ 23.41 RM 100
U$ 58.53 RM 250
U$ 117.05 RM 500
U$ 234.10 RM 1,000
U$ 468.20 RM 2,000
U$ 1,171 RM 5,000
U$ 2,341 RM 10,000
U$ 11,705 RM 50,000
U$ 23,410 RM 100,000
More amounts

To calculate your own USD/MYR amounts use our Convert USD to MYR quick calculator.


Comparing Foreign Exchange Providers

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, Travel Money and prepaid multi-currency Travel Card transactions.

The Exchange rate you are offered can also 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 Provider Receive MYR(RM) Exchange RateFee USDDeal Links
OFX logo
RM4,139.2
3.12%
Best Overall
4.13920^
XE logo
RM4,208.4
1.5%
RM69 more
4.20840
HSBC logo
RM4,058.4
5.01%
RM81 less
4.0645U$1.50
U.S. Bank International Money Transfers
U.S. Bank logo
RM4,047.9
5.26%
RM91 less
4.04790
Wells Fargo Bank logo
RM3,987.33
6.67%
RM152 less
4.0687U$20
Bank of America International Money Transfers
Bank of America logo
RM3,987.18
6.68%
RM152 less
4.0479U$15
Banks - Average Rate
U.S. Bank logo Bank of America logo HSBC logo Wells Fargo Bank logo
RM4,020
5.91%
RM119 less
4.057315
 
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OFX: Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:0^ - No fees for BestExchangeRates users (normally $12 for smaller transfers)
Exchange Rate:4.1392 (3.12% from mid-rate)
To Amount (MYR) RM4,139.2
Total Cost:3.12%
Time:
Rate Fetched: Thu Jun 04 2020 16:03:49 GMT+0000 (UTC)
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone, Foreign Currency Accounts
Rating:
 
: 4.8/5.0
Reviews:
 
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XE: Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:
Exchange Rate:4.2084 (1.5% from mid-rate)
To Amount (MYR) RM4,208.4
Total Cost:1.5%
Difference:
RM69 MYR more than using OFX
Time:16:29 Local
Transfer Speed:1-2 days
Services:Bank Transfers - Online & Phone
Rating:
 
: 3.5/5.0
Reviews:
 
HSBC logo
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HSBC: Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:U$1.50 USD (.15%)
Exchange Rate:4.0645 (4.87% from mid-rate)
To Amount (MYR) RM4,058.4
Total Cost:5.01%
Difference:
RM81 MYR less than using OFX
Time:16:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:4.0479 (5.26% from mid-rate)
To Amount (MYR) RM4,047.9
Total Cost:5.26%
Difference:
RM91 MYR less than using OFX
Time:16:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Wells Fargo Bank logo
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Wells Fargo Bank: Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:4.0687 (4.77% from mid-rate)
To Amount (MYR) RM3,987.33
Total Cost:6.67%
Difference:
RM152 MYR less than using OFX
Time:16:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Bank of America logo
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Bank of America: Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:U$15 USD (Minimum fee)
Exchange Rate:4.0479 (5.26% from mid-rate)
To Amount (MYR) RM3,987.18
Total Cost:6.68%
Difference:
RM152 MYR less than using OFX
Time:16:29 Local
Transfer Speed:2-3 days
Services:Online, Branch, Bank Transfers
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Foreign Transfer USD→MYR
From Amount (USD)U$1,000
Fee:15
Exchange Rate:4.0396 (5.45% from mid-rate)
To Amount (MYR) RM4,020
Total Cost:5.91%
Difference:
RM119 MYR less than using OFX
Transfer Speed:
Services:
 
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Snapshot 06/04/2020 - View live rates
 

The below comparison table displays the margins and possible savings when you order travel money online with a currency specialist rather than in-person from banks and currency kiosks.

 

USD to MYR - Travel Money & Cards

Provider Amount MYR(RM) Exchange RateFee USDDeal Links
RM4,229.84
1%
Best Overall
4.2511U$5.00
U.S. Bank Foreign Cash
U.S. Bank logo
RM3,999.3
6.39%
RM231 less
3.99930
Banks - Average Rate
U.S. Bank logo Wells Fargo Bank logo
RM3,959
7.33%
RM271 less
3.999315
Wells Fargo Bank logo
RM3,919.31
8.27%
RM311 less
3.9993U$20
Travelex Online logo
RM3,728.6
12.73%
RM501 less
3.72860^
 
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TransferWise: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:U$5.00 USD (0.5% + U$1)
Exchange Rate:4.2511 (-0.5% from mid-rate)
To Amount (MYR) RM4,229.84
Total Cost:1%
Time:16:30 Local
Currency Services:Multi-currency debit card with linked foreign bank accounts
Delivery/Collect:5-7 days
Rating:
 
: 4.6/5.0
Reviews:
 
U.S. Bank logo
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U.S. Bank: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:0
Exchange Rate:3.9993 (-6.39% from mid-rate)
To Amount (MYR) RM3,999.3
Total Cost:6.39%
Time:16:30 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
Banks - Average Rate
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Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:15
Exchange Rate:3.7384 (-12.5% from mid-rate)
To Amount (MYR) RM3,959
Total Cost:7.33%
Currency Services:Branch
Delivery/Collect:-
 
Wells Fargo Bank logo
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Wells Fargo Bank: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:U$20 USD (Minimum fee)
Exchange Rate:3.9993 (-6.39% from mid-rate)
To Amount (MYR) RM3,919.31
Total Cost:8.27%
Time:16:30 Local
Currency Services:Branch
Delivery/Collect:-
Rating:
: /5.0
Reviews:
 
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Travelex Online: Travel Money USD→MYR
From Amount (USD)U$1,000
Fee:$0 - No fees for Debit & Credit Cards
Exchange Rate:3.7286 (-12.73% from mid-rate)
To Amount (MYR) RM3,728.6
Total Cost:12.73%
Time:
Rate Fetched: Thu Jun 04 2020 16:15:03 GMT+0000 (UTC)
Currency Services:FREE Home delivery & Branch pickup
Delivery/Collect:2-3 days
Rating:
 
: 4.3/5.0
Reviews:
 
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Snapshot 06/04/2020 - View live rates
 
 

Malaysian Ringgit (MYR) Country Guides

MalaysiaMalaysia (MYR)

US Dollar and Malaysian Ringgit Forecasts

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)

In early May the continuing coronavirus pandemic and an associated possible re-escalation in the US-China trade tensions has moved the market into safer currencies such as the USD and JPY.

Goldman Sachs and RBC Capital forecast a large drop for US dollar against Japanese Yen to continue with a USD/JPY rate of 95 in the near future.

The US dollar held its value in 2019 despite the US-China trade tensions, mainly because the greenback is still considered a safer currency to own than most others.

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.


How to get Best USD to MYR Exchange Rates

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 a difficult question and the answer really depends on many factors. The best way to consider an exchange rate's relative value is to look at the rate's history.

The following table looks at the change in the USD to MYR exchange rate over periods upto 10 years.

USD/MYRPeriod to 03-JunDateRate
2.1% ▼1 Week27 May 20204.3505
1.4% ▼30 Days04 May 20204.3165
2.3% ▲90 Days05 Mar 20204.1615
2.1% ▲1 Year04 Jun 20194.1685
13.8% ▲5 Years05 Jun 20153.7412
29.4% ▲10 Years06 Jun 20103.2893
USD/MYR 10 year rates & changes to 03-Jun-2020 (4.2575)
 

When is the best time to exchange USD to MYR?

Getting a good market rate is all about timing to help with this you can use BER Smart Alerts to make the most of currency movements.

Rather than requiring you to set a target rate, our rate alerts work differently. We check for daily high/lows and changes (up/down) over a range of periods up to 90 days rather than requiring you to set target rates.

Setup BER.me FX Alerts

 

We help you Save Money on Exchange Rates.

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