The NAB AUD to MYR rate is 2.5216. This is -8.4% below the mid-rate. Compare NAB currency conversion rates - Reduce FX costs.
The NAB AUD to MYR exchange rate is 2.5216. This is -8.4% compared to the latest AUD-MYR mid-market rate 2.7524.
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.
Looking at our comparison table the best AUD to MYR exchange rate is 2.7386 from OFX, -0.5% from the mid-market rate 2.7524. The next best rate is 2.7359 from XE, -0.6% from the mid-rate. Then Wise with 2.7332 is -0.7% from the mid-rate.
The Western Union rate is 2.7249 which is -1% from the mid-rate.
Among the banks, the Commonwealth Bank rate is 0.000000 at -100%, the ANZ Bank rate is N/A, and the ING Bank rate is 2.5932 at -5.8% compared to the mid-rate 2.7524.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally, banks like NAB 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.
The NAB Aussie to Ringgit comparison table above makes it easy to compare the Total Fees (both variable and fixed) you are being charged by NAB and other foreign exchange providers against the latest AUD-MYR mid-rate (see Market Data below ) and the possible savings of using various providers.
Like all the leading banks, NAB (National Australia Bank) offers a wide range of currency related products and services to its customers. If you are a customer of NAB and use internet banking to transfer money overseas then you will be interested to learn how NAB exchange rates compare to other providers.
* You must be a customer of NAB Bank to use their exchange currency services.
International transfers sent in Australian dollars using the NAB app or NAB Internet Banking incur a $30 transfer fee. International transfers made at a NAB branch (sent in Australian dollars or foreign currency) incur a $30 transfer fee.
In 2022, NAB (National Australia Bank) announced their acquisition of the Citi consumer banking business in Australia.
If you previously had a Citi branded deposit, home loan or investment account, your account was closed, and balance transferred to your NAB branded account on 24 February 2024.
You can manage your foreign transfers through NAB Internet Banking or the NAB app where NAB exchange rates will now apply.
Australian dollar (AUD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | AUD/MYR | Change | Period |
|---|---|---|---|
18 Apr 2025 | 2.8158 | 2% ▼ | 2 Week |
01 Feb 2025 | 2.7737 | 0.5% ▼ | 3 Month |
02 May 2024 | 3.1247 | 11.7% ▼ | 1 Year |
03 May 2020 | 2.7409 | 0.7% ▲ | 5 Year |
05 May 2015 | 2.8501 | 3.2% ▼ | 10 Year |
07 May 2005 | 2.9533 | 6.5% ▼ | 20 Year |
Here are some popular conversion amounts for AUD to MYR (Australian dollar to Malaysian ringgit)*.
| AUD | MYR |
|---|---|
| A$ 1,000 | RM 2,752 |
| A$ 5,000 | RM 13,762 |
| A$ 20,000 | RM 55,048 |
| A$ 100,000 | RM 275,240 |
| AUD | MYR |
|---|---|
| A$ 363.30 | RM 1,000 |
| A$ 1,817 | RM 5,000 |
| A$ 7,266 | RM 20,000 |
| A$ 36,330 | RM 100,000 |
More amounts
*Converted at the current AUDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The exchange rate forecast for the AUD to MYR has become increasingly complex amid rising geopolitical tensions and significant tariff announcements. The Australian dollar (AUD) initially enjoyed an uptick following a surprising increase in Australian export figures, but recent tariffs imposed by U.S. President Donald Trump, including a 10% on Australian imports, have hindered its momentum. Analysts note that the AUD's appeal may further decline as overall market sentiment turns sour amid the escalating trade war.
Read our full review of recent AUD to MYR forecasts.
There are several ways to save on exchange rates when converting Australian dollar to Malaysian ringgit:
Generally speaking, if you are buying Malaysian ringgit with Australian dollar, then it's better for the AUD/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.
Read our Currency guide to Malaysia — a practical currency and money guide to travel in Malaysia plus living and doing business with the Malaysian ringgit.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
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 AUD/MYR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| Australia (AUD) | Malaysia (MYR) |
The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.
There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.
Doing business in Malaysia is relatively easy. The country has a well-developed infrastructure and a relatively business-friendly regulatory environment. Corruption is a problem, but it is not as prevalent as in some other countries in the region.
The economy in Malaysia is doing well. The country has a strong manufacturing sector, and its exports have been growing steadily. The government has been investing heavily in infrastructure and has been working to attract foreign investment. The unemployment rate is low, and the country has a relatively high level of economic freedom.
Read more at our Malaysia (MYR) country guide
Markets have shifted focus to the interest rate policies of other major central banks rather than the Federal Reserve.
Instarem provides fast, safe and cost effective cross border money transfer services for Individuals and businesses from Australia, Hong Kong, India, Malaysia and Singapore to more than 25 countries.
News2019-04-18
What is arguably Southeast Asia’s most important exchange rate, Singapore dollar-Malaysian ringgit, leapt on Thursday to its highest level since November 2017, driven by FTSE Russell’s decision to reconsider Malaysia’s inclusion in an important bond index.
Further reading on the Malaysian ringgit (MYR) - Guides, Reviews & News from our research team.
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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