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USD to MYR - Best Rates Guide

We review US dollar to Malaysian ringgit latest & historic FX rates along with recent USD/MYR Trend and Alerts.

 
 
US dollar to Malaysian ringgit
Sell USD   →   Buy MYR
1 USD = 4.1125 MYR
1 MYR = 0.2432 USD
  
USDMYR at 4.1125 is just above its 90-day average, range 4.0300-4.1510.
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USD to MYR Interbank mid-market We compare bank & FX provider rates to these wholesale mid-market rates. Read more rate
14-DAYHIGH (1d)

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Comparing USD/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 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. Note the total cost will also vary on the currencies and total amount being exchanged.

 
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Multi-Vendor Quote

We can help you get an even better deal when sending a Large International Money Transfer.

Click below for the Request Quotes form and enter your transfer details (BER account required).

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Save time and money - fewer websites to visit and you get a much better exchange rate & service.

 
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US dollar to Malaysian ringgit - Quick Convert

USD MYR
$ 1 RM 4.1125
$ 5 RM 20.56
$ 10 RM 41.13
$ 20 RM 82.25
$ 50 RM 205.63
$ 100 RM 411.25
$ 250 RM 1,028
$ 500 RM 2,056
$ 1,000 RM 4,113
$ 2,000 RM 8,225
$ 5,000 RM 20,563
$ 10,000 RM 41,125
$ 50,000 RM 205,625
$ 100,000 RM 411,250
More amounts
USD MYR
$ 0.2432 RM 1
$ 1.2160 RM 5
$ 2.4320 RM 10
$ 4.8640 RM 20
$ 12.16 RM 50
$ 24.32 RM 100
$ 60.80 RM 250
$ 121.60 RM 500
$ 243.20 RM 1,000
$ 486.40 RM 2,000
$ 1,216 RM 5,000
$ 2,432 RM 10,000
$ 12,160 RM 50,000
$ 24,320 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 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)

 USD Markets

 

Malaysian ringgit (MYR)

 MYR Markets

   

Country Guides - Malaysian ringgit

 
MalaysiaMalaysia (MYR)
   

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/MYRChangePeriod
4.0955
30 Apr 2021
0.4% ▲1 Week
4.1315
07 Apr 2021
0.5% ▼30 Days
4.0705
06 Feb 2021
1% ▲90 Days
4.3245
07 May 2020
4.9% ▼1 Year
3.9995
08 May 2016
2.8% ▲5 Years
2.9878
10 May 2011
37.6% ▲10 Years

USD/MYR 10 year historic rates & change to 07-May-2021 : 4.1125

 
   

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 for tracking in your watchlist we will automatically check the exchange rate for any UP or DOWN move over a range of periods over the recent 90 days.