Compare Best USD to MYR transfer rates

Compare Exchange Rates & Fees - Save Time & Money

Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Malaysia bank accounts or pay a Malaysian ringgit invoice.

USD to MYR Market Data

US dollar (USD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

Sell USD → Buy MYR

1 USD = 4.2320 MYR

60dHighs◓

1d0.0%⬦

USD to MYR at 4.2270 is near its 3-month average, having traded in a very stable 2.1% range from 4.1885 to 4.2775

14-OCT 8PM-NY 15-OCT 1AM-LON 8AM-HK 11AM-SYD

Tracker

1 MYR = 0.2363 USD

Is the USD to MYR Exchange Rate Likely to Improve?

Predicting exchange rate movements is always challenging, as they’re influenced by a wide range of economic and geopolitical factors. One useful way to assess the current value of the US dollar against the Malaysian ringgit is to review how the USD/MYR rate has changed over time.

The table below shows the percentage change in the USD to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

Date	USD/MYR	Change	Period
01 Oct 2025	4.2075	0.4% ▲	2 Week
17 Jul 2025	4.2465	0.5% ▼	3 Month
15 Oct 2024	4.3105	2% ▼	1 Year
16 Oct 2020	4.1485	1.8% ▲	5 Year
18 Oct 2015	4.1800	1.1% ▲	10 Year
20 Oct 2005	3.7743	11.9% ▲	20 Year

USD/MYR historic rates & change to 15-Oct-2025

USD/MYR update: As of Oct 15, 2025, the exchange rate is stable at 4.2270, reflecting recent volatility tied to US-China trade dynamics and a 24% tariff on Malaysian exports. Analysts suggest that upcoming Fed comments & oil price fluctuations could impact MYR's performance. Stay alert for shifts that may affect your transactions

@bestfxrates

USD to MYR Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much US dollar are worth in Malaysian ringgit across a range of amounts.

This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :

USD	MYR
$ 1	RM 4.2320
$ 5	RM 21.16
$ 10	RM 42.32
$ 20	RM 84.64
$ 50	RM 211.60
$ 100	RM 423.20
$ 250	RM 1,058
$ 500	RM 2,116
$ 1,000	RM 4,232
$ 2,000	RM 8,464
$ 5,000	RM 21,160
$ 10,000	RM 42,320
$ 20,000	RM 84,640
$ 50,000	RM 211,600
$ 100,000	RM 423,200

USD	MYR
$ 0.2363	RM 1
$ 1.1815	RM 5
$ 2.3630	RM 10
$ 4.7260	RM 20
$ 11.82	RM 50
$ 23.63	RM 100
$ 59.08	RM 250
$ 118.15	RM 500
$ 236.30	RM 1,000
$ 472.60	RM 2,000
$ 1,182	RM 5,000
$ 2,363	RM 10,000
$ 4,726	RM 20,000
$ 11,815	RM 50,000
$ 23,630	RM 100,000

More amounts

*Converted at the current USD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

What is the best Send Money conversion rate for USD to MYR?

The best USD to MYR exchange rate is 4.2135 from Wise. This is -0.44% compared to the mid-market rate 4.2320.

As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare US dollar (USD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

The above Dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged by banks and other foreign exchange providers against the latest USD-MYR mid-rate and the possible savings of using various providers.

How do USD-MYR rates compare between providers?

Looking at the full USD to MYR - Send Money comparison table the provider with the best USD to MYR exchange rate is Wise at 4.2135, -0.44% from the latest mid-market rate 4.2320.

The next best is OFX at 4.2108, -0.5% from the mid-rate.

Then XE at 4.2066, which is -0.6% from the mid-rate.

The Western Union rate is 4.1897 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 3.8558 at -8.9% the Wells Fargo Bank rate is 3.8304 at -9.5% and the Citibank rate is 4.0251 at -4.9% compared to the mid-rate 4.2320.

It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks and foreign exchange providers often apply a margin to the exchange rate, resulting in a less favorable rate for customers compared to the mid-market rate. For more competitive rates, you might consider using a specialized currency exchange service or platforms that offer rates closer to the mid-market rate.

Currency Forecasts related to USD/MYR