TorFX MYR to AUD Exchange Rates - Compare & Save

TorFX at a glance

TorFX is a leading provider of foreign exchange services, offering very competitive currency exchange rates for international money transfers and an unrivalled personal service to private individuals and companies with a foreign currency exchange requirement. TorFX is based in the United Kingdom and Australia.

TorFX provides market best rates & service with no fees or bank charges on all transfers - talk directly to TorFX dealers or book & track your transfers online. TorFX have our highest level of customer satisfaction.

The TorFX UK team are based in London and Cornwall and process in excess of 3 billion Pounds in foreign exchange and international payments per annum. They are known for both the quality of their customer service and exchange rates.

The TorFX Australia team are based in Queensland and provide a great dedicated service and competitive exchange rates both when trading online and over the telephone.

Personalised service

TorFX ’s approach to customer service is what sets it apart from its competitors. Over and above the competitive pricing and the value for your money, it is the uncompromising service levels that make them stand apart.

Right from the initial query through each step of the transaction, TorFX ’s account managers get involved in understanding each customer requirement and executing it all to its completion. Every case is different and treated as such.

How it works?

After you register with TorFX the steps to transfer are as follows:

1. TorFX will call you to verify your identity and set up your online account, you can then monitor the rate in real-time.

2. When you are ready to do your transfer you simply login into the TorFX website and enter the details (Currency, Amount & Beneficiary Account) and then transfer the FROM amount to the TorFX bank account.

3. TorFX then send the money to the beneficiary foreign currency account at much better rates than you would get using your own bank.

4. TorFX notifies you when the funds have been received into the destination account.

In the complex world of foreign exchange, handholding a customer and their transactions are of utmost importance. Treating every transfer as a relationship extends beyond getting the best exchange rate. Ensuring the transfer is done smoothly and satisfactorily, and effected in the set timeline and the client feedback taken have been standard steps in a TorFX relationship.

MYR to AUD Market Data

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

Sell MYR → Buy AUD

1 MYR = AUD

▲+0.1%

14d-highs

MYR to AUD at 0.3665 is 1.6% above its 3-month average of 0.3608, having traded in a relatively stable 6.4% range from 0.3525 to 0.3752

28-MAY 8PM-NY 29-MAY 1AM-LON 8AM-HK 10AM-SYD

Tracker

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1 AUD = 2.7300 MYR

Date	MYR/AUD	Change	Period
15 May 2025	0.3648	0.6% ▲	2 Week
28 Feb 2025	0.3611	1.7% ▲	3 Month
29 May 2024	0.3213	14.3% ▲	1 Year
30 May 2020	0.3450	6.4% ▲	5 Year
01 Jun 2015	0.3566	2.9% ▲	10 Year
03 Jun 2005	0.3481	5.5% ▲	20 Year

MYR/AUD historic rates & change to 29-May-2025

What are equivalent amounts of MYR and AUD?

Here are some popular conversion amounts for MYR to AUD (Malaysian ringgit to Australian dollar)*.

MYR	AUD
RM 1	A$ 0.3663
RM 5	A$ 1.8315
RM 10	A$ 3.6630
RM 20	A$ 7.3260
RM 50	A$ 18.32
RM 100	A$ 36.63
RM 250	A$ 91.58
RM 500	A$ 183.15
RM 1,000	A$ 366.30
RM 2,000	A$ 732.60
RM 5,000	A$ 1,832
RM 10,000	A$ 3,663
RM 20,000	A$ 7,326
RM 50,000	A$ 18,315
RM 100,000	A$ 36,630

MYR	AUD
RM 2.7300	A$ 1
RM 13.65	A$ 5
RM 27.30	A$ 10
RM 54.60	A$ 20
RM 136.50	A$ 50
RM 273.00	A$ 100
RM 682.50	A$ 250
RM 1,365	A$ 500
RM 2,730	A$ 1,000
RM 5,460	A$ 2,000
RM 13,650	A$ 5,000
RM 27,300	A$ 10,000
RM 54,600	A$ 20,000
RM 136,500	A$ 50,000
RM 273,000	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.

Forecasts for MYR to AUD

24 MayRecent forecasts and currency market updates suggest a challenging outlook for the Malaysian Ringgit (MYR) against the Australian Dollar (AUD), driven primarily by geopolitical tensions and economic conditions. Following U.S. President Donald Trump’s announcement of a 24% tariff on Malaysian imports, analysts observe that the MYR is under pressure, reflecting broader concerns about a deteriorating trade environment. Malaysia's response has been measured, as authorities work to navigate the potential impacts of rising protectionist measures while attempting to coordinate a regional strategy in Southeast Asia.

Read our full review of recent MYR to AUD forecasts.

How to get a good MYR to AUD exchange rate

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

Shop around for the best MYR/AUD 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.
Timing is important: Keep an eye on the MYR/AUD 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.
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.
Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both MYR and AUD at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
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 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.

Compare Rates

Will the Malaysian ringgit rise against the Australian dollar?

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.

Manage Tracker

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

Currency Country Guides

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)

What are the limits on Sending Money to and from Australia?

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