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USD to MYR Transfers Compared

USD-MYR Rate Calculator

 
   
   
   
   
 
   

Understanding the Table:

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’.

 
 

Compare Exchange Rates & Fees - Save Time & Money

 

Sending money to Malaysia can be an expensive business, more so if you aren’t even aware of all the hidden fees. Money transfer companies and banks profit by charging you fees and a normally hidden margin on the exchange rate.

Using your Bank to make international wire transfers to India can be especially expensive – often 5% to 10% worse than using a foreign exchange specialist to send to Malaysia bank accounts or pay a Malaysian ringgit invoice.

 
   

USD to MYR Market Data

US dollar (USD) to Malaysian ringgit (MYR) market data - latest interbank exchange rate, trend, chart & historic rates.

 
Sell USD   →   Buy MYR
USD to MYR is at 7-day highs near 4.2360, 1.2% below its 3-month average of 4.2886, having traded in a relatively stable 7.0% range from 4.1975 to 4.4910
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Tracker

Is the USD to MYR 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 US dollar against the Malaysian ringgit is to review how the USD/MYR rate has changed over time.

The table below shows the percentage change in the USD to MYR exchange rate across various timeframes—from the past 2 weeks to the last 20 years:

DateUSD/MYRChangePeriod
24 Jun 2025
4.2440
0.1% 2 Week
09 Apr 2025
4.4910
5.6% 3 Month
08 Jul 2024
4.7105
10% 1 Year
09 Jul 2020
4.2635
0.6% 5 Year
11 Jul 2015
3.7917
11.8% 10 Year
13 Jul 2005
3.8000
11.5% 20 Year
USD/MYR historic rates & change to 08-Jul-2025
USD/MYR now trades at 4.2360, 1.2% below the 3-month avg, driven by safe-haven flows and trade deal optimism from the U.S. Tariffs on Malaysian goods add pressure on MYR, while oil prices provide mixed support. Analysts suggest monitoring trade talk outcomes closely

 

USD to MYR 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 US dollar are worth in Malaysian ringgit across a range of amounts.

This gives a quick view of what you’d get when converting different USD amounts at today’s rate * :

USD MYR
$ 1 RM 4.2385
$ 5 RM 21.19
$ 10 RM 42.39
$ 20 RM 84.77
$ 50 RM 211.93
$ 100 RM 423.85
$ 250 RM 1,060
$ 500 RM 2,119
$ 1,000 RM 4,239
$ 2,000 RM 8,477
$ 5,000 RM 21,193
$ 10,000 RM 42,385
$ 20,000 RM 84,770
$ 50,000 RM 211,925
$ 100,000 RM 423,850
USD MYR
$ 0.2359 RM 1
$ 1.1795 RM 5
$ 2.3590 RM 10
$ 4.7180 RM 20
$ 11.80 RM 50
$ 23.59 RM 100
$ 58.98 RM 250
$ 117.95 RM 500
$ 235.90 RM 1,000
$ 471.80 RM 2,000
$ 1,180 RM 5,000
$ 2,359 RM 10,000
$ 4,718 RM 20,000
$ 11,795 RM 50,000
$ 23,590 RM 100,000

More amounts

*Converted at the current USD-MYR interbank exchange rate. Calculate actual payout amounts for Send Money and Travel Money exchange rates.

 
 

What is the best Send Money conversion rate for USD to MYR?

The best USD to MYR exchange rate is our partner deal rate of 4.2173 from OFX . This is -0.5% compared to the mid-market rate 4.2385.

The standard OFX USD-MYR rate is 4.1003, -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.

The above Dollar to Ringgit 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 USD-MYR mid-rate and the possible savings of using various providers. 

How do USD-MYR rates compare between providers?

Looking at the full USD to MYR - Send Money comparison table the provider with the best USD to MYR exchange rate is OFX at 4.2173, -0.5% from the latest mid-market rate 4.2385.

The next best is XE at 4.2131, -0.6% from the mid-rate.

Then Wise at 4.2109, which is -0.65% from the mid-rate.

The Western Union rate is 4.1961 which is -1% from the mid-rate.

Among the banks the Chase Bank rate is 3.8672 at -8.8% the Wells Fargo Bank rate is 3.8418 at -9.4% and the Citibank rate is 4.0367 at -4.8% compared to the mid-rate 4.2385.

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.

 

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