Compare Best MYR to USD transfer rates

Compare Exchange Rates & Fees - Save Time & Money

Sending money to the United States 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 the United States bank accounts or pay a US dollar invoice.

MYR to USD Market Data

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

Sell MYR → Buy USD

1 MYR = 0.2364 USD

60dLows◒

1d−0.1%▼

MYR to USD is at 60-day lows near 0.2365, near its 3-month average, having traded in a very stable 2.1% range from 0.2338 to 0.2387

13-OCT 8PM-NY 14-OCT 1AM-LON 8AM-HK 11AM-SYD

Tracker

1 USD = 4.2305 MYR

Is the MYR to USD 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 US dollar is to review how the MYR/USD rate has changed over time.

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

Date	MYR/USD	Change	Period
30 Sep 2025	0.2376	0.4% ▼	2 Week
16 Jul 2025	0.2356	0.5% ▲	3 Month
14 Oct 2024	0.2328	1.7% ▲	1 Year
15 Oct 2020	0.2406	1.6% ▼	5 Year
17 Oct 2015	0.2393	1.1% ▼	10 Year
19 Oct 2005	0.2650	10.7% ▼	20 Year

MYR/USD historic rates & change to 14-Oct-2025

USD/MYR is currently volatile, recently hitting a 60-day high at 4.2288. Analysts point to trade tensions and U.S. interest rate shifts as key factors. With Malaysia cutting rates to 2.75%, the ringgit faces pressure from both domestic and global influences. Stay updated!

@bestfxrates

MYR to USD 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 US dollar 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	USD
RM 1	$ 0.2364
RM 5	$ 1.1820
RM 10	$ 2.3640
RM 20	$ 4.7280
RM 50	$ 11.82
RM 100	$ 23.64
RM 250	$ 59.10
RM 500	$ 118.20
RM 1,000	$ 236.40
RM 2,000	$ 472.80
RM 5,000	$ 1,182
RM 10,000	$ 2,364
RM 20,000	$ 4,728
RM 50,000	$ 11,820
RM 100,000	$ 23,640

MYR	USD
RM 4.2305	$ 1
RM 21.15	$ 5
RM 42.31	$ 10
RM 84.61	$ 20
RM 211.53	$ 50
RM 423.05	$ 100
RM 1,058	$ 250
RM 2,115	$ 500
RM 4,231	$ 1,000
RM 8,461	$ 2,000
RM 21,153	$ 5,000
RM 42,305	$ 10,000
RM 84,610	$ 20,000
RM 211,525	$ 50,000
RM 423,050	$ 100,000

More amounts

*Converted at the current MYR-USD 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 USD?

The best MYR to USD exchange rate is 0.2352 from OFX . This is -0.51% compared to the mid-market rate 0.2364.

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 US dollar (USD) rates from different sources before making a conversion.

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

How do MYR-USD rates compare between providers?

Looking at the full MYR to USD - Send Money comparison table the provider with the best MYR to USD exchange rate is OFX at 0.2352, -0.51% from the latest mid-market rate 0.2364.

The next best is Wise at 0.2347, -0.72% from the mid-rate.

Then WorldRemit at 0.2328, which is -1.5% from the mid-rate.

Among the banks the CIMB Bank rate is 0.2291 at -3.1% the OCBC Bank rate is 0.2281 at -3.5% and the Maybank rate is 0.2281 at -3.5% compared to the mid-rate 0.2364.

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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