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Understanding the Table:
The comparison table above helps you see the total cost of your currency transaction by showing the exchange rates offered by different providers. It also makes it easy to spot potential savings from market-leading FX services compared to bank rates.
To see a full list of available providers, simply enter your transaction type, details and click ‘GET RATES’.
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.
Australian dollar (AUD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
AUD/MYR Outlook: The AUD/MYR exchange rate is currently above its recent average and tests the higher end of its 3-month range, signalling a slightly positive outlook.
AUD/USD Outlook: The AUD/USD is likely to decrease as it is currently trading near recent lows and is pressured by the escalating conflict in the Middle East.
To help you understand the real-world value of the current exchange rate, the table below shows how much Australian dollar are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different AUD amounts at today’s rate * :
| AUD | MYR |
|---|---|
| A$ 1,000 | RM 2,768 |
| A$ 5,000 | RM 13,838 |
| A$ 20,000 | RM 55,350 |
| A$ 100,000 | RM 276,750 |
| AUD | MYR |
|---|---|
| A$ 361.30 | RM 1,000 |
| A$ 1,807 | RM 5,000 |
| A$ 7,226 | RM 20,000 |
| A$ 36,130 | RM 100,000 |
More amounts
*Converted at the current AUD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best AUD to MYR exchange rate is 2.7536 from OFX . This is -0.5% compared to the mid-market rate 2.7675.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Australian dollar (AUD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above Aussie 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 AUD-MYR mid-rate and the possible savings of using various providers.
Looking at the full AUD to MYR - Send Money comparison table the provider with the best AUD to MYR exchange rate is OFX at 2.7536, -0.5% from the latest mid-market rate 2.7675.
The next best is Wise at 2.7524, -0.55% from the mid-rate.
Then XE at 2.7509, which is -0.6% from the mid-rate.
The Western Union rate is 2.726 which is -1.5% from the mid-rate.
Among the banks the Commonwealth Bank rate is 2.5631 at -7.4% and the ING Bank rate is 2.5908 at -6.4% compared to the mid-rate 2.7675.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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