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    Best Send Money to Malaysia USD/MYR Rates Compared Live

    The best USD to MYR exchange rate is 4.7915. Compare foreign transfer and currency exchange rates, find better rates & deals.

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    Comparing USD-MYR send money exchange rates

    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 above Dollar to Ringgit comparison table makes it easy to compare the Total Fees (both variable and fixed) you are being charged vs the latest USD-MYR mid-rate (see below) and the possible savings of using another provider.

     
    @bestfxrates : 📈 USD/MYR Update: Strong USD continues to exert upward pressure, likely to push higher amid positive US data. Stability noted at 4.7480, above 3-mo avg; oil volatility noted. While some see potential MYR bounces, the market view tilts to USD gains—eyes on 4.95 level. #CurrencyTrading #USDMYR

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    USD to MYR Market Data

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

     
    1 USD =
    4.7915We compare provider deals to this wholesale mid-market rate. Read more
    MYR
    +0.1%
    1M
    USD to MYR is at 30-day highs near 4.7770, just 0.8% above its 3-month average of 4.741, having traded in a very stable 2.6% range from 4.6775 to 4.7988
    |
    Sell USD   →   Buy MYR
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    DateUSD/MYRChangePeriod
    02 Apr 2024
    4.7495
    0.6% 2 Week
    17 Jan 2024
    4.7175
    1.3% 3 Month
    17 Apr 2023
    4.4220
    8% 1 Year
    18 Apr 2019
    4.1570
    14.9% 5 Year
    19 Apr 2014
    3.2416
    47.4% 10 Year
    21 Apr 2004
    3.8000
    25.7% 20 Year
    USD/MYR historic rates & change to 16-Apr-2024
     

    What are equivalent amounts of USD and MYR?

    Here are some popular conversion amounts for USD to MYR (US dollar to Malaysian ringgit)*.

    USD MYR
    $ 1 RM 4.7915
    $ 5 RM 23.96
    $ 10 RM 47.92
    $ 20 RM 95.83
    $ 50 RM 239.58
    $ 100 RM 479.15
    $ 250 RM 1,198
    $ 500 RM 2,396
    $ 1,000 RM 4,792
    $ 2,000 RM 9,583
    $ 5,000 RM 23,958
    $ 10,000 RM 47,915
    $ 20,000 RM 95,830
    $ 50,000 RM 239,575
    $ 100,000 RM 479,150
    USD MYR
    $ 0.2087 RM 1
    $ 1.0435 RM 5
    $ 2.0870 RM 10
    $ 4.1740 RM 20
    $ 10.44 RM 50
    $ 20.87 RM 100
    $ 52.18 RM 250
    $ 104.35 RM 500
    $ 208.70 RM 1,000
    $ 417.40 RM 2,000
    $ 1,044 RM 5,000
    $ 2,087 RM 10,000
    $ 4,174 RM 20,000
    $ 10,435 RM 50,000
    $ 20,870 RM 100,000

    More amounts

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

     
     

    Forecasts for USD to MYR

     

    Recent exchange rate forecasts suggest that the US dollar is expected to continue its upward trajectory against the Malaysian Ringgit (MYR) due to various factors including a strong US economy and market expectations of delayed rate cuts by the Federal Reserve. FX analysts note that the US dollar has recently hit 5-month highs, fueled by positive economic data releases such as consumer price index and retail sales beats. This has led to a scaling back of Federal Reserve rate cut bets and reinforced the strength of the USD. On the other hand, projections for the MYR are more mixed, with some analysts foreseeing further weakness against the USD, while others anticipate intermittent upward movements.

    Read our full review of recent USD to MYR forecasts.

     

    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 Rate Tracker to track and benefit from currency movements.

     
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    Rather than requiring you to set a target rate, our Rate Alerts keep you informed of recent trends and movements of currency pairs.

    Keep track of currency Trends; Up📈 or Down📉 trends over periods from 1 week (1W) to 3 months (3M).

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

     
     
     

    Currency Country 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

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