Switch

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.

 

Best USD to MYR Rate

1 USD = 4.0365 MYR
LATEST USD/MYR MID-MARKET The mid-market rate is the best possible exchange rate available. Read more RATE

SELL USD  :  BUY MYR 
 

US Dollar to Malaysian Ringgit
- Trends & Alerts

USDMYR at 4.0365 is 1.2% below its 90-DAY average, range 4.0065-4.1680.
|
14-DAY-HIGH (4d)
 
USD to MYR chart

View My Alerts

     

Comparing USD to 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 any 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. Also the total cost will also vary depending on the total amount being exchanged.

 
Loading
 
Loading
   

US Dollar to Malaysian Ringgit - Quick Conversions

USD MYR
U$ 1 RM 4.0365
U$ 5 RM 20.18
U$ 10 RM 40.37
U$ 20 RM 80.73
U$ 50 RM 201.83
U$ 100 RM 403.65
U$ 250 RM 1,009
U$ 500 RM 2,018
U$ 1,000 RM 4,037
U$ 2,000 RM 8,073
U$ 5,000 RM 20,183
U$ 10,000 RM 40,365
U$ 50,000 RM 201,825
U$ 100,000 RM 403,650
More amounts
USD MYR
U$ 0.2477 RM 1
U$ 1.2385 RM 5
U$ 2.4770 RM 10
U$ 4.9540 RM 20
U$ 12.39 RM 50
U$ 24.77 RM 100
U$ 61.93 RM 250
U$ 123.85 RM 500
U$ 247.70 RM 1,000
U$ 495.40 RM 2,000
U$ 1,239 RM 5,000
U$ 2,477 RM 10,000
U$ 12,385 RM 50,000
U$ 24,770 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 - Market 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)

Most banks and forecasters expect the down trend for USD to continue, with some predictions of a 20 per cent or more fall for the greenback in 2021.

Get more details in the article US Dollar Forecasts.

 

Malaysian Ringgit (MYR)

The Malaysian ringgit is up around 8% (to late November) against the US dollar since the beginning of the pandemic crisis in March and is gaining favour from bank commentators such as HSBC due to the attraction of the carry trade – the ability to earn higher interest when holding MYR versus other major currencies.

Get more details in the article Malaysian Ringgit Forecasts.

   

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
4.0325
08 Jan 2021
0.1% ▲1 Week
4.0515
16 Dec 2020
0.4% ▼30 Days
4.1485
17 Oct 2020
2.7% ▼90 Days
4.0645
16 Jan 2020
0.7% ▼1 Year
4.4187
17 Jan 2016
8.6% ▼5 Years
3.0567
18 Jan 2011
32.1% ▲10 Years

USD/MYR 10 year historic rates & change to 15-Jan-2021 : 4.0365

 
   

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 to your watchlist we then start automatically checking the exchange rate for any HIGH or LOW event or significant UP or DOWN moves over a range of daily periods only as far back as 90 days.