The live mid-rate USD to MYR exchange rate is 4.2565. Compare currency conversion rates - Reduce FX costs.
The best USD to MYR exchange rate is our partner deal rate of 4.2352 from OFX . This is -0.5% compared to the mid-market rate 4.2565.
The standard OFX USD-MYR rate is 4.1163, -3.3% 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 US dollar (USD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.
Looking at our comparison table the best USD to MYR exchange rate is 4.2352 from OFX, -0.5% from the mid-market rate 4.2565. The next best rate is 4.231 from XE, -0.6% from the mid-rate. Then Wise with 4.2288 is -0.65% from the mid-rate.
The Western Union rate is 4.2139 which is -1% from the mid-rate.
Among the banks, the Chase Bank rate is 3.8822 at -8.8%, the Wells Fargo Bank rate is 3.8567 at -9.4%, and the Citibank rate is 4.0525 at -4.8% compared to the mid-rate 4.2565.
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.
The Dollar to Ringgit comparison table above 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 USD-MYR mid-rate (see Market Data below ) and the possible savings of using various providers.
US dollar (USD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.
| Date | USD/MYR | Change | Period |
|---|---|---|---|
16 May 2025 | 4.2950 | 1.3% ▼ | 2 Week |
01 Mar 2025 | 4.4625 | 5% ▼ | 3 Month |
30 May 2024 | 4.7040 | 9.9% ▼ | 1 Year |
31 May 2020 | 4.3445 | 2.4% ▼ | 5 Year |
02 Jun 2015 | 3.6817 | 15.1% ▲ | 10 Year |
04 Jun 2005 | 3.7999 | 11.6% ▲ | 20 Year |
Here are some popular conversion amounts for USD to MYR (US dollar to Malaysian ringgit)*.
*Converted at the current USDMYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.
The USD to MYR exchange rate continues to be influenced by a mix of geopolitical tensions and economic data. Recent updates highlight a strengthening US dollar (USD) driven by expectations concerning the Federal Reserve's more hawkish policy stance as markets await the latest FOMC minutes. Analysts have noted that a risk-averse sentiment among investors has been favoring the USD, marking the currency as a safe haven amid ongoing geopolitical uncertainties.
Read our full review of recent USD to MYR forecasts.
There are several ways to save on exchange rates when converting US dollar to Malaysian ringgit:
Generally speaking, if you are buying Malaysian ringgit with US dollar, then it's better for the USD/MYR exchange rate to be higher.
However working against you are the fees all foreign exchange providers charge for providing their service. These fees is usually contained within the exchange rate margin (or difference to the mid-rate).
The transaction margin you end up being charged can be considerably reduced by around a few percent (of total amount being exchanged) for travel money and possibly over 5% to 6% when sending money. The exact potential savings depends on the currencies being exchanged and the amount you are transferring and if you are willing to shop around.
Our real-time foreign transfer and travel money/cards comparison calculators make shopping around easy and help you calculate how much you can save.
Read our Currency guide to Malaysia — a practical currency and money guide to travel in Malaysia plus living and doing business with the Malaysian ringgit.
It's worth noting that while these tips can help you save on exchange rates, it's important to be aware that no single method is guaranteed to provide the best exchange rate in every situation, and it may require some research and comparison-shopping to find the best option for your specific needs.
It is almost impossible to predict what an exchange rate will do in the future, the best approach is to monitor the currency markets and transact when an exchange rate moves in your favour.
To help with this you can add USD/MYR to your personalised Rate Tracker to track and benefit from currency movements.
Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.
Add rates to your Rate Tracker and select to receive an daily email (mon-fri) or when a rate is trending
| United States (USD) | Malaysia (MYR) |
The expat life in Malaysia can be quite comfortable, depending on where you live. Most expats live in urban areas like Kuala Lumpur, where they have access to international schools, western supermarkets, and hospitals. There are also many expat-friendly activities and events in the city.
There are several laws in Malaysia that foreigners should be aware of, such as the Sedition Act, the Communications and Multimedia Act, and the Official Secrets Act.
Doing business in Malaysia is relatively easy. The country has a well-developed infrastructure and a relatively business-friendly regulatory environment. Corruption is a problem, but it is not as prevalent as in some other countries in the region.
The economy in Malaysia is doing well. The country has a strong manufacturing sector, and its exports have been growing steadily. The government has been investing heavily in infrastructure and has been working to attract foreign investment. The unemployment rate is low, and the country has a relatively high level of economic freedom.
Read more at our Malaysia (MYR) country guide
Forecasts disclaimer: Please be advised that the forecasts and analysis of market data presented on BestExchangeRates.com are solely a review and compilation of forecasts from various market experts and economists. These forecasts are not meant to reflect the opinions or views of BestExchangeRates.com or its affiliates, nor should they be construed as a recommendation or advice to engage in any financial transactions. Read more
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