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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
1 USD = 3.9385 MYR
1d+0.3%▲
 
USD to MYR at 3.9385 is 1.3% below its 3-month average of 3.9885, having traded in a quite stable 5.4% range from 3.8860 to 4.0973
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Tracker
  1 MYR = 0.2539 USD

Currency Forecasts related to USD/MYR

USD to MYR Exchange Rate Forecast & Outlook

In the near term, USD/MYR is trading close to the recent high near 3.94, supported by safe-haven flows amid risk-off sentiment. The pair is consolidating within its recent range, with current conditions...

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USD to EUR Exchange Rate Forecast & Outlook

In the near term, USD/EUR is trading close to recent highs within the 3-month range, supported by safe-haven flows from escalating Middle East conflict.

Read forecast

USD to JPY Exchange Rate Forecast & Outlook

In the near term, USD/JPY is trading close to recent highs and holding near its 3-month range's upper boundary. The dominant driver from Structured analysis is safe haven flows supporting the pair amid...

Read forecast

USD/MYR shows a mild downside bias with a range of 3.9390–4.0970, driven by risk sentiment. Safe-haven flows support the USD amid geopolitical tensions, but a shift in global risk appetite could alter the outlook.

 

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 3.9385
$ 5 RM 19.69
$ 10 RM 39.39
$ 20 RM 78.77
$ 50 RM 196.93
$ 100 RM 393.85
$ 250 RM 984.63
$ 500 RM 1,969
$ 1,000 RM 3,939
$ 2,000 RM 7,877
$ 5,000 RM 19,693
$ 10,000 RM 39,385
$ 20,000 RM 78,770
$ 50,000 RM 196,925
$ 100,000 RM 393,850
USD MYR
$ 0.2539 RM 1
$ 1.2695 RM 5
$ 2.5390 RM 10
$ 5.0780 RM 20
$ 12.70 RM 50
$ 25.39 RM 100
$ 63.48 RM 250
$ 126.95 RM 500
$ 253.90 RM 1,000
$ 507.80 RM 2,000
$ 1,270 RM 5,000
$ 2,539 RM 10,000
$ 5,078 RM 20,000
$ 12,695 RM 50,000
$ 25,390 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 3.9188 from OFX . This is -0.5% compared to the mid-market rate 3.9385.

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 3.9188, -0.5% from the latest mid-market rate 3.9385.

The next best is XE at 3.9149, -0.6% from the mid-rate.

Then Wise at 3.8983, which is -1% from the mid-rate.

The Western Union rate is 3.8794 which is -1.5% from the mid-rate.

Among the banks the Chase Bank rate is 3.6746 at -6.7% the Wells Fargo Bank rate is 3.651 at -7.3% and the Citibank rate is 3.8322 at -2.7% compared to the mid-rate 3.9385.

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.

 

View a full list of exchange rates by selecting your Base (from) currency: