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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 details and click ‘Get Rates’.
Sending money to Philippines 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 Philippines bank accounts or pay a Philippine peso invoice.
Malaysian ringgit (MYR) to Philippine peso (PHP) market data - latest interbank exchange rate, trend, chart & historic rates.
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 Philippine peso is to review how the MYR/PHP rate has changed over time.
The table below shows the percentage change in the MYR to PHP exchange rate across various timeframes—from the past 2 weeks to the last 20 years:
| Date | MYR/PHP | Change | Period |
|---|---|---|---|
23 May 2025 | 13.08 | 0.5% ▲ | 2 Week |
08 Mar 2025 | 13.02 | 1% ▲ | 3 Month |
06 Jun 2024 | 12.49 | 5.3% ▲ | 1 Year |
07 Jun 2020 | 11.65 | 12.9% ▲ | 5 Year |
09 Jun 2015 | 12.03 | 9.3% ▲ | 10 Year |
11 Jun 2005 | 14.52 | 9.4% ▼ | 20 Year |
To help you understand the real-world value of the current exchange rate, the table below shows how much Malaysian ringgit are worth in Philippine peso across a range of amounts.
This gives a quick view of what you’d get when converting different MYR amounts at today’s rate * :
*Converted at the current MYR-PHP interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The best MYR to PHP exchange rate is our partner deal rate of 13.16 from OFX . This is -0.53% compared to the mid-market rate 13.23.
The standard OFX MYR-PHP rate is 12.76695, -3.5% 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 Philippine peso (PHP) rates from different sources before making a conversion.
The above Ringgit to Peso 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-PHP mid-rate and the possible savings of using various providers.
Looking at the full comparison table the best MYR to PHP exchange rate is 13.16 from OFX, -0.53% from the mid-market rate 13.23. The next best rate is 13.13 from Wise, -0.76% from the mid-rate. Then WorldRemit with 12.97 is -2% from the mid-rate.
Among the banks the CIMB Bank rate is 12.52 at -5.4% the OCBC Bank rate is 12.76 at -3.6% and the Maybank rate is 12.76 at -3.6% compared to the mid-rate 13.23.
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: