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.
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:
USD/MYR update: Current rate at 4.2525, 1.7% below the 3-month average. Analysts warn geopolitical tensions and tariffs could lead to fluctuations, despite recent oil price surges aiding MYR stability. Stay alert to economic shifts and Fed policies impacting rates
@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 * :
The standard OFX MYR-USD rate is 0.2323776, -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 0.234, -0.51% from the latest mid-market rate 0.2352.
The next best is Wise at 0.2335, -0.72% 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.