Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates
BER
     

    Best EUR to MYR Exchange Rates Compared Live

    The best EUR to MYR exchange rate is 5.1000. Compare foreign transfer and currency exchange rates, find better rates & deals.

    Loading exchange rates...

       
       
       
       

    Comparing EUR-MYR exchange rates

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare Euro (EUR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

    The above Euro to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest EUR-MYR mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : As of 17 May, EUR to MYR hovers near 7-day lows at 5.1047. Despite positive Eurozone data, ECB rate cut speculations may weigh on EUR. Mixed MYR forecasts amidst USD strength and domestic economic factors add to the uncertainty. Oil price volatility also in play. #EURMYR #CurrencyUpdate

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.

     
     

    EUR to MYR Market Data

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

     
    1 EUR =
    5.1000We compare provider deals to this wholesale mid-market rate. Read more
    MYR
    -0.2%
    1M
    EUR to MYR is at 30-day lows near 5.0851, just 0.7% below its 3-month average of 5.1205, having traded in a very stable 2.3% range from 5.0717 to 5.1877
    |
    Sell EUR   →   Buy MYR
    My Rates

    Manage My Rates   


    DateEUR/MYRChangePeriod
    06 May 2024
    5.1047
    0.4% 2 Week
    20 Feb 2024
    5.1874
    2% 3 Month
    21 May 2023
    4.9120
    3.5% 1 Year
    22 May 2019
    4.6690
    8.9% 5 Year
    23 May 2014
    4.3762
    16.2% 10 Year
    25 May 2004
    4.5984
    10.6% 20 Year
    EUR/MYR historic rates & change to 20-May-2024
     

    What are equivalent amounts of EUR and MYR?

    Here are some popular conversion amounts for EUR to MYR (Euro to Malaysian ringgit)*.

    EUR MYR
    € 1 RM 5.1000
    € 5 RM 25.50
    € 10 RM 51.00
    € 20 RM 102.00
    € 50 RM 255.00
    € 100 RM 510.00
    € 250 RM 1,275
    € 500 RM 2,550
    € 1,000 RM 5,100
    € 2,000 RM 10,200
    € 5,000 RM 25,500
    € 10,000 RM 51,000
    € 20,000 RM 102,000
    € 50,000 RM 255,000
    € 100,000 RM 510,000
    EUR MYR
    0.1961 RM 1
    0.9805 RM 5
    1.9610 RM 10
    3.9220 RM 20
    9.8050 RM 50
    19.61 RM 100
    49.03 RM 250
    98.05 RM 500
    196.10 RM 1,000
    392.20 RM 2,000
    980.50 RM 5,000
    1,961 RM 10,000
    3,922 RM 20,000
    9,805 RM 50,000
    19,610 RM 100,000

    More amounts

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

     
     

    Forecasts for EUR to MYR

     

    Based on recent analyst forecasts and currency market updates, the EUR to MYR exchange rate is currently near 7-day lows around 5.1047, slightly below its 3-month average. The pair has been trading in a relatively stable range of approximately 2.3% between 5.0717 and 5.1877. FX analysts have provided mixed outlooks for both currencies. While the euro (EUR) has shown some signs of strength following upbeat Eurozone economic data, including better-than-expected industrial production and GDP growth in the bloc, expectations of a potential interest rate cut by the European Central Bank (ECB) in June could weigh on the euro in the coming months. Additionally, concerns about Germany facing a recession may also impact the EUR.

    Read our full review of recent EUR to MYR forecasts.

     

    How to get a good EUR to MYR exchange rate

    There are several ways to save on exchange rates when converting Euro to Malaysian ringgit:

    1. Shop around for the best EUR/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the EUR/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both EUR and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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.

    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.

    Will the Euro 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 EUR/MYR to your personalised Rate Tracker to track and benefit from currency movements.

     
    Track Rate
     

    Manage My Rates   

     

    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

    Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending


     

    Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.

     
     
     

    Currency Country Guides

    EurozoneEurozone (EUR)MalaysiaMalaysia (MYR)
     

    How is the expat life in Malaysia?

    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.

    Any laws in Malaysia that foreigners should be aware of?

    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

       
     
     

    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 ^

    ^