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MYR to ISK Transfers Compared

MYR-ISK Rate Calculator

 
   
   
   
   
 
   

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’.

 
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to Iceland 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 Iceland bank accounts or pay a Icelandic krona invoice.

 
   

MYR to ISK Market Data

Malaysian ringgit (MYR) to Icelandic krona (ISK) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell MYR   →   Buy ISK
1 MYR = 28.65 ISK
+0.1% since yesterday
90d-lows
MYR to ISK at 28.64 is 3.1% below its 3-month average of 29.57, having traded in a relatively stable 7.9% range from 28.62 to 30.87
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Tracker

Is the MYR to ISK 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 Malaysian ringgit against the Icelandic krona is to review how the MYR/ISK rate has changed over time.

The table below shows the percentage change in the MYR to ISK exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateMYR/ISKChangePeriod
20 Jun 2025
29.18
2% 2 Week
05 Apr 2025
29.79
4% 3 Month
04 Jul 2024
29.32
2.4% 1 Year
05 Jul 2020
32.46
11.9% 5 Year
07 Jul 2015
34.98
18.2% 10 Year
09 Jul 2005
17.36
64.8% 20 Year
MYR/ISK historic rates & change to 04-Jul-2025
 

MYR to ISK Conversion: What Is Your Money Worth?

To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Icelandic krona 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 ISK
RM 1 kr 28.65
RM 5 kr 143.25
RM 10 kr 286.50
RM 20 kr 573.00
RM 50 kr 1,433
RM 100 kr 2,865
RM 250 kr 7,163
RM 500 kr 14,325
RM 1,000 kr 28,650
RM 2,000 kr 57,300
RM 5,000 kr 143,250
RM 10,000 kr 286,500
RM 20,000 kr 573,000
RM 50,000 kr 1,432,500
RM 100,000 kr 2,865,000
MYR ISK
RM 0.0349 kr 1
RM 0.1745 kr 5
RM 0.3490 kr 10
RM 0.6980 kr 20
RM 1.7451 kr 50
RM 3.4901 kr 100
RM 8.7253 kr 250
RM 17.45 kr 500
RM 34.90 kr 1,000
RM 69.80 kr 2,000
RM 174.51 kr 5,000
RM 349.01 kr 10,000
RM 698.02 kr 20,000
RM 1,745 kr 50,000
RM 3,490 kr 100,000

More amounts

*Converted at the current MYR-ISK interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for MYR to ISK?

The best MYR to ISK exchange rate is 28.45 from Wise. This is -0.7% compared to the mid-market rate 28.65.

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 Icelandic krona (ISK) rates from different sources before making a conversion.

The above Ringgit to Krona 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-ISK mid-rate and the possible savings of using various providers. 

How do MYR-ISK rates compare between providers?

Looking at the full MYR to ISK - Send Money comparison table the provider with the best MYR to ISK exchange rate is Wise at 28.45, -0.7% from the latest mid-market rate 28.65.

The next best is WorldRemit at 28.22, -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 27.1 at -5.4% the OCBC Bank rate is 27.65 at -3.5% and the Maybank rate is 27.65 at -3.5% compared to the mid-rate 28.65.

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.

 

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View a full list of exchange rates by selecting your Base (from) currency: