Rate direction
Malaysian ringgit to US dollar · MYR/USD trend
Review the recent market direction, current mid-market rate and significant movement alerts.
MYR/USD exchange rate
90-day market context
MYR to USD at 0.2445 is 1.1% below its 3-month average of 0.2471, having traded in a quite stable 5.8% range from 0.2410 to 0.2550
Quick MYR/USD forecast
Currency Forecasts related to MYR/USD
MYR to USD Exchange Rate Forecast & Outlook
Currently, MYR/USD is trading close to 3-month range highs, supported by USD risk-off sentiment and geopolitical tensions. The pair is consolidating within its recent range, with the rate holding near 0.2445,...
MYR to USD Conversion: What Is Your Money Worth?
View common conversion amounts at today’s mid-market rate
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 * :
*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 0.2438 from OFX . This is -0.29% compared to the mid-market rate 0.2445.
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 0.2438, -0.29% from the latest mid-market rate 0.2445.
The next best is Wise at 0.2433, -0.49% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2392 at -2.2% and the Maybank rate is 0.2359 at -3.5% compared to the mid-rate 0.2445.
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.