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’.
MYR to USD Market Data
Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
MYR to USD is at 14-day lows near 0.2353, just 0.8% above its 3-month average of 0.2336, having traded in a quite stable 5.4% range from 0.2261 to 0.2382
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
26 Jun 2025
0.2365
0.5% ▼
2 Week
11 Apr 2025
0.2261
4% ▲
3 Month
10 Jul 2024
0.2123
10.8% ▲
1 Year
11 Jul 2020
0.2344
0.3% ▲
5 Year
13 Jul 2015
0.2629
10.5% ▼
10 Year
15 Jul 2005
0.2632
10.6% ▼
20 Year
MYR/USD historic rates & change to 10-Jul-2025
USD to MYR at 4.2475, nearing a stable range despite geopolitical tensions and tariff impacts. Analysts see the USD strengthening on safe-haven demand, while MYR faces pressure from US tariffs and trade uncertainty. Ongoing developments could drive future volatility
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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 * :
The standard OFX MYR-USD rate is 0.23218, -1.2% 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 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 0.2338, -0.51% from the latest mid-market rate 0.2350.
The next best is Wise at 0.2334, -0.68% from the mid-rate.
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.