The comparison table above helps you see the total cost of your ING Bank 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 ING Bank Exchange Rates & Fees - Save Time & Money
Our ING Bank AUD to MYR rate is 2.6226. This is -5.1% below the mid-rate.
AUD to MYR Market Data
Australian dollar (AUD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
Is the AUD 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 Australian dollar against the Malaysian ringgit is to review how the AUD/MYR rate has changed over time.
The table below shows the percentage change in the AUD to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
Date
AUD/MYR
Change
Period
02 Jun 2025
2.7658
0.7% ▼
2 Week
18 Mar 2025
2.8271
2.8% ▼
3 Month
16 Jun 2024
3.1208
12% ▼
1 Year
17 Jun 2020
2.9434
6.7% ▼
5 Year
19 Jun 2015
2.9026
5.4% ▼
10 Year
21 Jun 2005
2.9552
7% ▼
20 Year
AUD/MYR historic rates & change to 16-Jun-2025
#FXUpdate: AUDMYR trading at 2.7574, just below 3-month avg amid tariff tensions. AUD initially dropped on Trump comments but rebounded on Fed rate cut hopes. MYR under pressure as US slaps 24% tariff on Malaysian imports - analysts warn of regional FX downturn due to trade war fears
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 * :
What is the
ING Bank Send Money conversion rate for AUD to MYR?
The ING Bank AUD to MYR exchange rate is 2.6226. This is -5.1% compared to the latest AUD-MYR mid-market rate 2.7627.
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
ING Bank - Aussie to Ringgit comparison table
makes it easy to compare the Total Fees (both variable and fixed) you are being charged by
ING Bank and other foreign exchange providers against the latest AUD-MYR mid-rate and the possible savings of using various providers.
How do ING Bank AUD-MYR rates compare between 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 2.7489, -0.5% from the latest mid-market rate 2.7627.
The next best is XE at 2.7462, -0.6% from the mid-rate.
It's important to note that exchange rates also fluctuate frequently due to market conditions. Additionally,
banks like ING Bank 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.
Recent forecasts and market updates have indicated a dynamic environment for the AUD to USD exchange rate, influenced by both domestic and global factors.
Recent analysis indicates a complex outlook for the USD to MYR exchange rate, shaped by both geopolitical developments and domestic economic indicators.