USD/MYR hits 90-day low at 4.2700, down 3.4% from 3-month avg. Trump's new 24% tariff on Malaysian goods spooks mkts. Analysts warn of continued pressure on MYR amid trade tensions & falling oil prices. #forex #USDMYR
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MYR to USD Market Data
Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Sell MYR →
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1 MYR
=
0.2342We compare provider deals to this wholesale mid-market rate. Read more
USD▲+1.1%
90d-highs
MYR to USD is at 90-day highs near 0.2342, 3.5% above its 3-month average of 0.2262, having traded in a quite stable 5.2% range from 0.2227 to 0.2342
|Tracker
| Date | MYR/USD | Change | Period |
|---|---|---|---|
18 Apr 2025 | 0.2269 | 2.3% ▲ | 2 Week |
01 Feb 2025 | 0.2245 | 3.4% ▲ | 3 Month |
02 May 2024 | 0.2103 | 10.4% ▲ | 1 Year |
03 May 2020 | 0.2327 | 0.2% ▼ | 5 Year |
05 May 2015 | 0.2783 | 16.6% ▼ | 10 Year |
07 May 2005 | 0.2632 | 11.8% ▼ | 20 Year |
What are equivalent amounts of MYR and USD?
Here are some popular conversion amounts for MYR to USD (Malaysian ringgit to US dollar)*.
*Converted at the current MYRUSD interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
Forecasts for MYR to USD
The Malaysian Ringgit (MYR) to U.S. Dollar (USD) exchange rate is currently experiencing significant fluctuations due to geopolitical tensions and trade policies initiated by the U.S. The MYR is trading at 90-day highs near 0.2342, which is approximately 3.5% above its 3-month average of 0.2262. The pair has maintained a stable trading range of 5.2%, between 0.2227 and 0.2342. Analysts suggest that these current highs can be attributed to various factors, including Malaysia's response to newly imposed tariffs by the U.S. President, which has escalated risk aversion in the region.
Read our full review of recent MYR to USD forecasts.
How to get a good MYR to USD exchange rate
There are several ways to save on exchange rates when converting Malaysian ringgit to US dollar:
- Shop around for the best MYR/USD 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/USD 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 USD 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 US dollar with Malaysian ringgit, then it's better for the MYR/USD 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 the United States — a practical currency and money guide to travel in the United States plus living and doing business with the US 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.
Will the Malaysian ringgit rise against the US 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/USD to your personalised Rate Tracker to track and benefit from currency movements.
Track Rate
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
| United States (USD) | Malaysia (MYR) |  East Timor (USD) |
 Ecuador (USD) |  El Salvador (USD) |  British Virgin Islands (USD) |
 US Virgin Islands (USD) |  Caribbean Netherlands (USD) |  Turks and Caicos Islands (USD) |
What to Consider When Sending Money to the USA
Sending money to the U.S. involves more than just choosing a provider. First, make sure you have the correct recipient details, including their account number, bank name, routing or SWIFT code, and sometimes the bank’s address. Mistakes can lead to failed or delayed transfers.
If you’re converting from another currency, pay close attention to the exchange rate. Providers often apply a hidden markup, so comparing rates is essential—especially for larger transfers. Tools like BestExchangeRates.com help you find the best real-time rates. Don’t forget about fees either. These can include service charges, intermediary bank deductions, or fees charged to the recipient, particularly with traditional bank wires.
There are multiple methods available for sending money to the U.S., each with their own pros and cons. Bank transfers are widely used and secure but tend to be slower and more expensive. Online services like Wise, OFX, or WorldRemit offer faster transfers at more competitive rates, while remittance apps like Remitly and Xoom are optimized for speed and convenience. In some cases, cryptocurrency can be used, but this comes with added regulatory and security considerations.
Speed also matters. Digital services like Wise or Remitly can deliver funds within hours or a day, while banks may take several business days. For large amounts, providers may ask for ID due to anti-money laundering regulations. Transfers above $10,000 are generally reported to U.S. authorities, though personal remittances are usually tax-free.
Finally, consider the purpose—whether personal, business, or investment—and choose a method that suits your needs. Online transfer services are often cheaper and faster than banks, and may offer better exchange rates and lower fees.
For the best value, compare your options and plan ahead. A few extra minutes of research can save you a lot in the long run.
Read more at our United States (USD) country guide
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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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