MYR to ZAR Market Data
Malaysian ringgit (MYR) to South African rand (ZAR) market data - latest interbank exchange rate, trend, chart & historic rates.
90-day market context
Currency Forecasts related to MYR/ZAR
MYR to USD Exchange Rate Forecast & Outlook
Currently, MYR/USD is trading close to 14-day highs near 0.2456, below its 3-month average of 0.2499. The pair has held within a narrow range, supported by risk-off sentiment and safe-haven flows into the US dollar.
USD to ZAR Exchange Rate Forecast & Outlook
Currently, USD/ZAR is trading near 16.23, at recent lows and below its 3-month average of 16.47. The pair is consolidating within its recent range, supported by risk-off flows and a weaker US dollar.
MYR to EUR Exchange Rate Forecast & Outlook
Currently, MYR/EUR is trading close to its 3-month average, holding within a very stable range near recent highs. The pair's position suggests limited movement in the short term, with risk-off sentiment...
MYR to ZAR 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 South African rand 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-ZAR 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 ZAR?
The best MYR to ZAR exchange rate is 3.9472 from OFX . This is -0.5% compared to the mid-market rate 3.9671.
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 South African rand (ZAR) rates from different sources before making a conversion.
The above Ringgit to Rand 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-ZAR mid-rate and the possible savings of using various providers.
How do MYR-ZAR rates compare between providers?
Looking at the full MYR to ZAR - Send Money comparison table the provider with the best MYR to ZAR exchange rate is OFX at 3.9472, -0.5% from the latest mid-market rate 3.9671.
The next best is Wise at 3.9433, -0.6% from the mid-rate.
Among the banks the CIMB Bank rate is 3.7529 at -5.4% the OCBC Bank rate is 3.8282 at -3.5% and the Maybank rate is 3.8282 at -3.5% compared to the mid-rate 3.9671.
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.