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’.
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.
IDR to MYR Market Data
Indonesian rupiah (IDR) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell IDR →
Buy MYR
1 IDR = 0.000262 MYR
—
30d-highs
IDR to MYR at 0.000261 is just above its 3-month average, having traded in a very stable 3.5% range from 0.000256 to 0.000265
Is the IDR 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 Indonesian rupiah against the Malaysian ringgit is to review how the IDR/MYR rate has changed over time.
The table below shows the percentage change in the IDR to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
To help you understand the real-world value of the current exchange rate, the table below shows how much Indonesian rupiah are worth in Malaysian ringgit across a range of amounts.
This gives a quick view of what you’d get when converting different IDR amounts at today’s rate * :
What is the
best Send Money conversion rate for IDR to MYR?
The best IDR to MYR exchange rate is 0.0003 from WorldRemit. This is 14.5% compared to the mid-market rate 0.000262.
As exchange rates can vary
significantly between banks and also between currency exchange providers,
it's therefore important to carefully compare
Indonesian rupiah (IDR) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
The above
Rupiah 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 IDR-MYR mid-rate and the possible savings of using various providers.
How do IDR-MYR rates compare between providers?
Looking at the full
IDR to MYR - Send Money comparison table the provider with the best IDR to MYR exchange rate is WorldRemit at 0.0003, 14.5% from the latest mid-market rate 0.000262.
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.