The live mid-rate EUR to MYR exchange rate is 5.0110. Compare currency conversion rates - Reduce FX costs.
The best EUR to MYR exchange rate is our partner deal rate of 4.9859 from OFX . This is -0.5% compared to the mid-market rate 5.0110.
The standard OFX EUR-MYR rate is 4.8465, -3.3% from the mid-rate. Visit OFX here to secure the better rate.
As exchange rates can vary significantly between banks and also between currency exchange providers, it's therefore important to carefully compare Euro (EUR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
Looking at our comparison table the best EUR to MYR exchange rate is 4.9859 from OFX, -0.5% from the mid-market rate 5.0110. The next best rate is 4.9809 from XE, -0.6% from the mid-rate. Then Wise with 4.9759 is -0.7% from the mid-rate.
The Western Union rate is 4.9358 which is -1.5% from the mid-rate.
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.
The Euro to Ringgit comparison table above 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 EUR-MYR mid-rate (see Market Data below ) and the possible savings of using various providers.
Euro (EUR) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | EUR/MYR | Change | Period |
|---|---|---|---|
01 Apr 2025 | 4.7875 | 4.5% ▲ | 2 Week |
15 Jan 2025 | 4.6399 | 7.8% ▲ | 3 Month |
15 Apr 2024 | 5.0719 | 1.4% ▼ | 1 Year |
16 Apr 2020 | 4.7160 | 6% ▲ | 5 Year |
18 Apr 2015 | 3.9240 | 27.4% ▲ | 10 Year |
20 Apr 2005 | 4.9692 | 0.6% ▲ | 20 Year |
Here are some popular conversion amounts for EUR to MYR (Euro to Malaysian ringgit)*.
*Converted at the current EURMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The EUR to MYR exchange rate has recently shown significant volatility, currently trading at 5.0186, which is 6.2% above its three-month average of 4.726. Analysts attribute part of this increase to the positive shift in sentiment surrounding the euro following the coalition agreement in Germany between the CDU and SPD, as well as waning demand for the US dollar. Ongoing geopolitical issues, particularly related to the war in Ukraine, continue to place pressure on the euro, impacting investor sentiment and trade dynamics across the Eurozone.
Read our full review of recent EUR to MYR forecasts.
There are several ways to save on exchange rates when converting Euro to Malaysian ringgit:
Generally speaking, if you are buying Malaysian ringgit with Euro, then it's better for the EUR/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 EUR/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
| Eurozone (EUR) | 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.
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
^ Scroll back up to ^
^
