The live mid-rate MYR to AUD exchange rate is 0.3633. Compare NAB currency conversion rates - Reduce FX costs.
The best MYR to AUD exchange rate is our partner deal rate of 0.3615 from OFX . This is -0.5% compared to the mid-market rate 0.3633.
The standard OFX MYR-AUD rate is 0.3589404, -1.2% 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 Malaysian ringgit (MYR) to Australian dollar (AUD) rates from different sources before making a conversion.
Looking at our comparison table the best MYR to AUD exchange rate is 0.3615 from OFX, -0.5% from the mid-market rate 0.3633. The next best rate is 0.3608 from Wise, -0.69% from the mid-rate. Then WorldRemit with 0.3579 is -1.5% from the mid-rate.
Among the banks, the CIMB Bank rate is 0.352 at -3.1%, the OCBC Bank rate is 0.3506 at -3.5%, and the Maybank rate is 0.3506 at -3.5% compared to the mid-rate 0.3633.
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 Ringgit to Aussie 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 MYR-AUD 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 $30 transfer fee.
In 2022, NAB (National Australia Bank) announced their acquisition of the Citi consumer banking business in Australia.
If you previously had a Citi branded deposit, home loan or investment account, your account was closed, and balance transferred to your NAB branded account on 24 February 2024.
You can manage your foreign transfers through NAB Internet Banking or the NAB app where NAB exchange rates will now apply.
Malaysian ringgit (MYR) to Australian dollar (AUD) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | MYR/AUD | Change | Period |
|---|---|---|---|
18 Apr 2025 | 0.3551 | 1.9% ▲ | 2 Week |
01 Feb 2025 | 0.3605 | 0.4% ▲ | 3 Month |
02 May 2024 | 0.3200 | 13.1% ▲ | 1 Year |
03 May 2020 | 0.3648 | 0.8% ▼ | 5 Year |
05 May 2015 | 0.3509 | 3.2% ▲ | 10 Year |
07 May 2005 | 0.3386 | 6.9% ▲ | 20 Year |
Here are some popular conversion amounts for MYR to AUD (Malaysian ringgit to Australian dollar)*.
| MYR | AUD |
|---|---|
| RM 1,000 | A$ 363.30 |
| RM 5,000 | A$ 1,817 |
| RM 20,000 | A$ 7,266 |
| RM 100,000 | A$ 36,330 |
| MYR | AUD |
|---|---|
| RM 2,752 | A$ 1,000 |
| RM 13,762 | A$ 5,000 |
| RM 55,048 | A$ 20,000 |
| RM 275,240 | A$ 100,000 |
More amounts
*Converted at the current MYRAUD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The recent exchange rate forecasts for the MYR to AUD indicate a complex interplay of factors affecting both currencies. Following the announcement of substantial tariffs imposed by the U.S. on imports from Malaysia, there has been a growing concern over the outlook for emerging Asian currencies, leading analysts to predict potential volatility in the MYR. As Malaysia's Prime Minister Anwar Ibrahim stated, the country aims to coordinate a regional response to these tariffs, but the uncertainty surrounding trade relations may weigh on the MYR’s strength.
Read our full review of recent MYR to AUD forecasts.
There are several ways to save on exchange rates when converting Malaysian ringgit to Australian dollar:
Generally speaking, if you are buying Australian dollar with Malaysian ringgit, then it's better for the MYR/AUD 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 Australia — a practical currency and money guide to travel in Australia plus living and doing business with the Australian dollar.
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 MYR/AUD 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) |  Christmas Island (AUD) |  Cocos Keeling Islands (AUD) |
 Heard and McDonald Islands (AUD) |  Kiribati (AUD) | Malaysia (MYR) |
 Nauru (AUD) |  Norfolk Island (AUD) |  Tuvalu (AUD) |
There are no limits on the amount of money that can be sent to or from Australia. However, there may be fees and exchange rates that apply when sending money internationally, and these costs can vary depending on the method of transfer and the country where the money is being sent.
If you are sending a large amount of money to or from Australia, it is a good idea to compare the fees and exchange rates offered by different money transfer providers to find the most cost-effective option.
It is also important to note that there are some reporting requirements in Australia for international money transfers. If you are sending or receiving an amount of AUD 10,000 or more, you are required to report the transaction to the Australian Transaction Reports and Analysis Centre (AUSTRAC). This requirement applies to both individuals and businesses.
Additionally, if you are sending money to or from a country that is considered to be a "high risk" for money laundering or terrorism financing, you may be required to provide additional documentation or information to comply with Australian anti-money laundering and counter-terrorism financing laws.
Read more at our Australia (AUD) country guide
The Wise Account allows users to hold and convert funds in 40 different currencies and send and spend internationally, all at the “real” exchange rate and with exceptionally low service fees. Users can also receive major-currency payments free of charge.
News2025-04-10
The Chinese yuan has weakened following the United States' decision to impose a 125% tariff on Chinese imports, prompting the People's Bank of China to intervene to stabilize the currency.
Further reading on the Australian dollar (AUD) - 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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