Switch .com Best Exchange Rates .com Best Exchange Rates .com Best Exchange Rates

    Best USD to MYR Exchange Rates

    The best USD to MYR rate is 4.6475, and is the current mid-market exchange rate. We help you compare US dollar to Malaysian ringgit rates and costs to this live market rate.

    In this Dollar to Ringgit (USD/MYR) rate guide:

    Compare exchange rates - USD to MYR

    Exchange rates can vary significantly between different currency exchange providers, so it's important to compare US dollar (USD) to Malaysian ringgit (MYR) rates from different sources before making a conversion.

    The below Rate Comparison Table makes it easy to compare the Total Cost you are being charged on Dollar to Ringgit currency rates and the possible savings of using various providers.


    Loading comparison rates...

    @bestfxrates : USD/MYR outlook remains firm at 4.6845, bolstered by a strong US economy & high yields. FX analysts see a sustained USD vs MYR, but possible easing in '24 as Fed cuts loom. Oil price swings & Malaysia's recovery could yet strengthen MYR long-term. Watch for shifts! #USDMYR #ForexUpdate

    Multi-Vendor Quote

    We can help you get an even better deal when sending a Large International Money Transfer.

    Click below for the Request Quotes form and enter your transfer details (BER account required).

    Request Quotes

    Save time and money - fewer websites to visit and you get a much better exchange rate & service.


    USD to MYR Market Data

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

    1 USD =
    4.6475We compare provider deals to this wholesale mid-market rate. Read more
    USD to MYR at 4.6730 is just 0.5% below its 3-month average of 4.698, having traded in a very stable 3.2% range from 4.6365 to 4.7855
    Sell USD   →   Buy MYR
    My Rates

    Manage My Rates   

     no alerts
    14 Nov 2023
    1% 2 Week
    30 Aug 2023
    0.7% 3 Month
    28 Nov 2022
    4.3% 1 Year
    29 Nov 2018
    11.7% 5 Year
    30 Nov 2013
    44.8% 10 Year
    03 Dec 2003
    23% 20 Year
    USD/MYR historic rates & change to 28-Nov-2023

    Forecasts for USD to MYR

    USDMYR chart
     no alerts

    According to a recent Reuters poll of forex strategists, the strength of the US dollar, buoyed by a robust domestic economy and high Treasury yields, is forecasted to remain a formidable force against most major currencies, including the Malaysian ringgit (MYR), as we approach the end of the year. While the dollar has shown occasional signs of weakness, it has generally proven resilient amidst concerns over global economic growth and issues in China that have dampened risk appetite. However, FX analysts predict that this dominance may start to fade into the next year as the Federal Reserve is expected to consider cutting interest rates, potentially leading to a modest weakening of the USD against major peers.

    Read our full USD to MYR forecasts analysis

    USD to MYR flags

    How to get a good USD to MYR exchange rate

    There are several ways to save on exchange rates when converting US dollar to Malaysian ringgit:

    1. Shop around for the best USD/MYR exchange rate: Exchange rates can vary significantly between different currency exchange providers, so it's important to compare rates from different sources before making a conversion.
    2. Timing is important: Keep an eye on the USD/MYR rate on currency markets, as exchange rates can fluctuate frequently. Try to make your transactions when the exchange rate is in your favor. You can do this easily with our BER Smart Rate Tracker.
    3. Use a credit/debit or travel card that doesn't charge foreign transaction fees: Some credit cards charge additional fees for transactions made in a foreign currency, so it's important to check with your card issuer to see if they charge these fees and what their exchange rate is.
    4. Use a multi-currency account: Having a multi-currency account allows you to hold and transfer money in both USD and MYR at close to the interbank rate. It also allows you to make payments or withdrawals in the local currency while avoiding high conversion fees.
    5. Buy currency in advance: If you know that you will need foreign currency in the future, consider buying it in advance when the exchange rate is favorable.

    The key is reducing excessive costs and fees

    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.

    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.

    Will the US dollar rise against the Malaysian ringgit?

    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 BER Smart Rate Tracker to track and benefit from currency movements.

    Track Rate

    Manage My Rates   


    Rather than requiring you to set a target rate, our FX Alerts work differently. Once you add a currency pair for tracking in your watchlist we can select to be notified daily for any UP DOWN HIGH LOW alerts over a range of periods over the recent 90 days.

    Read our Currency guide to Malaysia - a practical currency and money guide to travel, living and doing business in Malaysia with the Malaysian ringgit.


    Country Currency Guides

    United StatesUnited States (USD)MalaysiaMalaysia (MYR)

    How is the expat life in Malaysia?

    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.

    Any laws in Malaysia that foreigners should be aware of?

    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.

    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

    ^ Scroll back up to ^