MYR to USD Market Data
Malaysian ringgit (MYR) to US dollar (USD) market data - latest interbank exchange rate, trend, chart & historic rates.
Currency Forecasts related to MYR/USD
MYR to USD Exchange Rate Forecast & Outlook
In the near term, MYR/USD is trading close to recent highs, supported by risk-off sentiment and energy prices. The pair holds near its 90-day average and within its recent range.
MYR to EUR Exchange Rate Forecast & Outlook
In the near term, MYR/EUR is trading close to recent highs within its three-month range and below its 90-day average. The pair is under pressure from risk-off sentiment and elevated safe-haven flows.
MYR to JPY Exchange Rate Forecast & Outlook
In the near term, MYR/JPY is trading close to recent highs and within its 3-month range, with the pair supported by a risk-off environment.
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 * :
*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 0.254 from OFX . This is -0.31% compared to the mid-market rate 0.2548.
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 0.254, -0.31% from the latest mid-market rate 0.2548.
The next best is Wise at 0.2535, -0.51% from the mid-rate.
Among the banks the CIMB Bank rate is 0.2469 at -3.1% the OCBC Bank rate is 0.2459 at -3.5% and the Maybank rate is 0.2459 at -3.5% compared to the mid-rate 0.2548.
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.
