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Understanding the Table:
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’.
Sending money to Indonesia 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 Indonesia bank accounts or pay a Indonesian rupiah invoice.
Malaysian ringgit (MYR) to Indonesian rupiah (IDR) market data - latest interbank exchange rate, trend, chart & historic rates.
MYR/USD Outlook: The outlook for the MYR against the USD is bullish, as the rate is significantly above its 90-day average and near recent highs, supported...
USD/IDR Outlook: The outlook for USD/IDR is slightly weaker, but likely to move sideways, as it is trading near its recent average and lacks a clear driver.
MYR/EUR Outlook: Slightly positive, but likely to move sideways, as the rate is above its recent average and within the mid-range of past three months.
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Indonesian rupiah across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
| MYR | IDR |
|---|
| MYR | IDR |
|---|---|
| RM 0.2360 | Rp 1,000 |
| RM 1.1800 | Rp 5,000 |
| RM 4.7200 | Rp 20,000 |
| RM 23.60 | Rp 100,000 |
More amounts
*Converted at the current MYR-IDR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best MYR to IDR exchange rate is 4203.7 from Wise. This is -0.6% compared to the mid-market rate 4,229.1.
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 Indonesian rupiah (IDR) rates from different sources before making a conversion.
The above Ringgit to Rupiah 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 MYR-IDR mid-rate and the possible savings of using various providers.
Looking at the full MYR to IDR - Send Money comparison table the provider with the best MYR to IDR exchange rate is Wise at 4203.7, -0.6% from the latest mid-market rate 4,229.1.
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.
View a full list of exchange rates by selecting your Base (from) currency:
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