Best USD to MYR Exchange Rates - Compare & Save

In this US dollar to Malaysian ringgit guide:

1 USD = MYR

USD to MYR at 4.4080 is 1.3% above its 90-day average 4.3507 with range 4.2105-4.4225.

30-JUN 11PM-NY 01-JUL 4AM-LON 11AM-HK 1PM-SYD

Sell USD → Buy MYR

Track Rate

1 MYR = 0.2268 USD

14-DAY▲HIGH

The Malaysian ringgit has remained below 24 US cents since the end of 2021 as a firmer US dollar kept Asian currencies subdued while escalating woes due to the Russian invasion of Ukraine switched markets to safe haven mode.

MYR Outlook

Date	USD/MYR	Change	Period
16 Jun 2022	4.4025	0.1% ▲	2 Week
01 Apr 2022	4.2105	4.7% ▲	3 Month
30 Jun 2021	4.1515	6.2% ▲	1 Year
01 Jul 2017	4.2935	2.7% ▲	5 Year
02 Jul 2012	3.1627	39.4% ▲	10 Year
05 Jul 2002	3.8014	15.9% ▲	20 Year

USD/MYR change over periods to 30-Jun-2022

USD to MYR - Compare & Save

The below comparison table makes it easy to calculate the Total Cost you are being charged and the possible savings of using different FX providers.

Compare Transfer Rates : Send $10,000 USD → Receive MYR

Provider	Receive MYR	USD/MYR Rate	Cost
OFX Trusted brand in Foreign Exchange. Online & Phone. Helpful Dealers & support. Lock in an Exchange Rate with Spot & Forward Deals. See details	10,000 USD = 43,634 MYR Up to 2,418 MYR more 1% See details	4.3634	1%	Visit OFX Best Value No fees on all your OFX transfers
HSBC See details	10,000 USD = 42,887 MYR Get RM747 less 2.7% See details	4.2973	2.7%	Compare Rate
Western Union See details	10,000 USD = 42,709 MYR Get RM925 less 3.1% See details	4.2709	3.1%	Compare Rate
Paypal The cost of sending money with PayPal is a fixed percentage (between 4 to 7 percent) of the amount being sent. See details	10,000 USD = 42,224 MYR Get RM1,410 less 4.2% See details	4.2224	4.2%	Compare Rate
Chase Bank Chase Bank's FX wire margin is generally 3.5% - 8.0% depending on currencies and amounts. See details	10,000 USD = 41,814 MYR Get RM1,820 less 5.13% See details	4.1814	5.13%	Compare Rate
Wells Fargo Bank Wells Fargo's FX wire margin is generally 3.0% - 8.0% depending on currencies and amounts. See details	10,000 USD = 41,782 MYR Get RM1,852 less 5.2% See details	4.1857	5.2%	Compare Rate
SHOW ALL	10,000 USD = 41,689 MYR Get RM1,945 less 5.41%	4.1799	5.41%	Average Bank Rate
Bank of America Bank of America's FX wire margin is generally 4.0% - 8.0% depending on currencies and amounts. See details	10,000 USD = 41,561 MYR Get RM2,073 less 5.7% See details	4.1686	5.7%	Compare Rate
U.S. Bank See details	10,000 USD = 41,518 MYR Get RM2,116 less 5.8% See details	4.1643	5.8%	Compare Rate
Citibank See details	10,000 USD = 41,380 MYR Get RM2,254 less 6.11% See details	4.143	6.11%	Compare Rate
Deutsche Bank See details	10,000 USD = 41,353 MYR Get RM2,281 less 6.18% See details	4.1771	6.18%	Compare Rate
CIBC CIBC's profit margin is generally 4 - 8% depending on currencies and amounts. See details	10,000 USD = 41,216 MYR Get RM2,418 less 6.49% See details	4.1216	6.49%	Compare Rate

Cost % is Provider Rate Margin vs Mid-rate + Fees

USD/MYR=4.4075

14-DAY▲HIGH

My Rates

Transfers - United States to Malaysia

USD to MYR - Travel & Spend

USD/MYR Mid-rate Calculator

* This table compares FX rates & fees of selected FX specialists and banks for USD to MYR International Money Transfers. Providers must be well established, reputable and regulated in the US as licensed money transmitters. We DO NOT compare every provider in the market. We may receive referral fees if you choose one of these providers however this will not affect the savings, exchange rates or fees you are charged by the provider.

Exchange rates available for foreign transfers and currency exchange always contain either a rate margin from the Latest USD to MYR Exchange Rate (shown above) or a transaction fee and often both!

Country Guides - US dollar & Malaysian ringgit

United States (USD)

Malaysia (MYR)

How to get a good USD to MYR Exchange Rate

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

Generally speaking, if you are buying Malaysian ringgit with US dollar, then it's good for the USD/MYR exchange rate to be higher.

However working against you are the fees all foreign exchange providers charge for providing their service. These fees 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.

You can also read our practical guide to getting the Best Deals for your Foreign Transfers and Travel Money to Malaysia.

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.

Manage My Rates

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 can select to be notified daily for any UP▲ DOWN▼ HIGH▲ LOW▼ alerts over a range of periods over the recent 90 days.

Related exchange rates

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Provider	OFX
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM43,634
Exchange Rate	1USD = 4.3634 MYR (1MYR = 0.2292USD)
Rate Margin	1%
Other Fees	$0
Total Cost (Rate Margin + Fees)	1%
Transfer Speed	1-2 days
Rate Retrieved	02:03 Local - BER

Provider	HSBC
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM42,887
Exchange Rate	1USD = 4.2973 MYR (1MYR = 0.2327USD)
Rate Margin	2.5%
Other Fees	$20
Total Cost (Rate Margin + Fees)	2.7%
Difference	Get RM747 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	Western Union
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM42,709
Exchange Rate	1USD = 4.2709 MYR (1MYR = 0.2341USD)
Rate Margin	3.1%
Other Fees	$0
Total Cost (Rate Margin + Fees)	3.1%
Difference	Get RM925 MYR less than withOFX
Transfer Speed	1-2 days
Rate Retrieved	02:03 Local - BER

Provider	Paypal
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM42,224
Exchange Rate	1USD = 4.2224 MYR (1MYR = 0.2368USD)
Rate Margin	4.2%
Other Fees	$0
Total Cost (Rate Margin + Fees)	4.2%
Difference	Get RM1,410 MYR less than withOFX
Transfer Speed	1-2 days
BER Rating	2/5.0
Rate Retrieved	02:03 Local - BER

Provider	Chase Bank
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,814
Exchange Rate	1USD = 4.1814 MYR (1MYR = 0.2392USD)
Rate Margin	5.13%
Other Fees	$0
Total Cost (Rate Margin + Fees)	5.13%
Difference	Get RM1,820 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	Wells Fargo Bank
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,782
Exchange Rate	1USD = 4.1857 MYR (1MYR = 0.2389USD)
Rate Margin	5.03%
Other Fees	$18
Total Cost (Rate Margin + Fees)	5.2%
Difference	Get RM1,852 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	Comparison Rate
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,689
Exchange Rate	1USD = 4.2284 MYR (1MYR = 0.2365USD)
Rate Margin	4.06%
Total Cost (Rate Margin + Fees)	5.41%
Difference	Get RM1,945 MYR less than withOFX

Provider	Bank of America
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,561
Exchange Rate	1USD = 4.1686 MYR (1MYR = 0.2399USD)
Rate Margin	5.42%
Other Fees	$30
Total Cost (Rate Margin + Fees)	5.7%
Difference	Get RM2,073 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	U.S. Bank
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,518
Exchange Rate	1USD = 4.1643 MYR (1MYR = 0.2401USD)
Rate Margin	5.52%
Other Fees	$30
Total Cost (Rate Margin + Fees)	5.8%
Difference	Get RM2,116 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	Citibank
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,380
Exchange Rate	1USD = 4.1430 MYR (1MYR = 0.2414USD)
Rate Margin	6%
Other Fees	$12
Total Cost (Rate Margin + Fees)	6.11%
Difference	Get RM2,254 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	Deutsche Bank
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,353
Exchange Rate	1USD = 4.1771 MYR (1MYR = 0.2394USD)
Rate Margin	5.23%
Other Fees	$100.00 USD (1%)
Total Cost (Rate Margin + Fees)	6.18%
Difference	Get RM2,281 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

Provider	CIBC
FX Type	Foreign Transfer USD→MYR
From Amount (USD)	$10,000
To Amount (MYR)	RM41,216
Exchange Rate	1USD = 4.1216 MYR (1MYR = 0.2426USD)
Rate Margin	6.49%
Other Fees	$0
Total Cost (Rate Margin + Fees)	6.49%
Difference	Get RM2,418 MYR less than withOFX
Transfer Speed	2-3 days
Rate Retrieved	02:03 Local - BER

USD to MYR Exchange Rates

USD to MYR - Compare & Save

Multi-Vendor Quote

Country Guides - US dollar & Malaysian ringgit

How to get a good USD to MYR Exchange Rate

Reduce Excessive costs and fees

Will the US dollar rise against the Malaysian ringgit?

Related exchange rates